Retail Property (high street) for saleOrion Parade - BN6
- Business for sale
- Traditional newsagent & Stationers
- Annual takings approx. £400,000
- Excellent high street parade location
- Well established business
***NEW ADDITIONAL INCOME***
***Priced to Sell***
A superb opportunity to purchase a well-established and well used traditional newsagent and stationers situated in Hassocks, West Sussex operating from a prominent parade position among other independent and national retailers on the main high street, this includes a Lloyds and Barclays bank, tea rooms and a number of estate agents.
Hassocks is a large village located approximately 7 miles north of Brighton and is served by its own mainline station which provides a regular service to London Victoria and Brighton. The area is subsequently a hive of activity throughout the day with continual footfall and activity ensuring the business attracts high levels of regular local and passing trade at all times of the day.
We have been advised that Orion News has been trading from the same location for over 30 years and has been owned by our client since 2000. During the current ownership the business has forged strong relationships with the community and is only being offered for sale due to retirement.
Orion News is a thriving business and stocks a good selection of newspapers, magazines, greeting cards, stationery and confectionary although still offers terrific scope to introduce a selection of beers, wines, and spirits and also paper rounds such is the demand.
Annual takings in the region of £390,000
Additional Income Lotto £250-£350 a week.
Current records and accounts can be inspected after viewing by genuinely interested parties.
Monday — Saturday 06:30 — 18:00
Sunday 06:30 — 13:00
Managed by the owners along with two full time and one part time staff.
Highly visible premises situated on a parade location among other independent retailers, national chains and various banks. The business offers good sized ground floor retail space with rear storage and staff bathroom facilities.
The open plan sales area is fitted to a good standard throughout along with CCTV and modern refrigeration for soft drinks.
There is no residential accommodation for owners or management available.
We are advised that the property is held on a 10 year lease which commenced in 2009. The annual rent is £10,400 exclusive. 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.
This is a thriving business and occupies a prominent town centre parade location with ample free parking and within a short distance of a mainline train station which provides a fast service to London on a regular basis.
To fully appreciate this business opportunity, viewing is highly recommended.
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