Retail Property (high street) for sale

133 High Street - WS3

£89,950

Property Description

Commercial information

  • Business for sale

Key features

  • Well established and lucrative newsagents
  • Weekly turnover £9,000+, lottery £5,500+, new sheets £1,600,
  • Prime position amongst multiples, bustling and sought after town
  • Fitted to a good standard inc EPOS, CCTV, owners retiring, viewing recommended

Full description

Tenure: Leasehold

DESCRIPTION
This is a rare opportunity to acquire a long established and well known newsagents, which is situated within the centre of Bloxwich, Walsall, West Midlands.

The business occupies a prime trading position on a busy main road parade and amongst an abundance of retail premises, including several well known multiple outlets, bank and other retailers.

The area is a hive of activity with continual footfall throughout the day. The business therefore attracts regular local and passing trade from the large number of shoppers, workers and local residents who frequent the town on a daily basis.

Having successfully operated in the town for many years, the business has forged strong relationships with the community and therefore boasts an extensive and loyal customer base.

The business trades from a highly visible and imposing double fronted two storey shop premises, providing a versatile ground floor retail space.

The business retails a range of newspaper and magazine titles, tobacco products, confectionery, soft drinks, stationery, an extensive range of greetings cards, Lotto, Epay, WMT bus passes, PayZone and is also an agent for UPS Parcels.

The business therefore represents an excellent investment for an ambitious family unit, who can keep
staffing levels and overheads to a minimum, enjoying the financial rewards a business of this nature.

The vendor has informed us that there is the potential to be granted an alcohol licence from the local authorities to turn the business in to an off licence if required

The business is only now being offered for sale due to retirement and a viewing is strongly recommended at the earliest opportunity to avoid disappointment.


Sales
Currently shop sales average £9,000+ approximately.

LOTTO
Weekly lottery sales approximate to £5,500 - £6,000

OTHER
News Sheet £1,600


ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday — Saturday 06:30 — 18:00
Sunday 07:30 — 14:00


STAFF
Managed by the owners with full/part time members staff.

Building External
The double fronted two storey shop premises, offers an excellent blend of spacious ground floor retail space and a versatile first floor storage space.

BUILDING INTERNAL
The spacious sales area is bright and airy creating a welcoming environment. The business is fitted to a high standard with a range of modern, quality fixtures and fitments, including a two-point EPOS system with a scanner facility, CCTV, numerous card racks and ample refrigeration space. To the first floor of the property there is a stockroom and a staff toilet.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available.

TENURE
We are advised that the property is held on a 20 year lease which commenced in 2007. The annual rent is £15,000 exclusive (correct as advised on 27/10/16). Rent reviews are at 5 yearly intervals. We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
This is an excellent opportunity to acquire a thriving and lucrative business, which is located in such a bustling and desirable location. The business is only now being offered for sale due to retirement and a viewing is highly recommended.


Nearest stations

  • Bloxwich (0.3 mi)
  • Bloxwich North (0.9 mi)
  • Walsall (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bloxwich (0.3 mi)
  • Bloxwich North (0.9 mi)
  • Walsall (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 45089. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Kings. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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