Retail Property (high street) for sale

Orion Parade - BN6

£40,000

Property Description

Commercial information

  • Business for sale

Key features

  • Traditional newsagent & Stationers
  • Annual takings approx. £400,000
  • Excellent high street parade location
  • Well established business

Full description

Tenure: Leasehold

DESCRIPTION
***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.

Sales
Annual takings in the region of £390,000

LOTTO
Additional Income Lotto £250-£350 a week.

ACCOUNTS
Current records and accounts can be inspected after viewing by genuinely interested parties.

TRADING HOURS
Monday — Saturday 06:30 — 18:00
Sunday 06:30 — 13:00


STAFF
Managed by the owners along with two full time and one part time staff.

Building External
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.

Building Internal
The open plan sales area is fitted to a good standard throughout along with CCTV and modern refrigeration for soft drinks.

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

TENURE
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.

SUMMARY
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.


Nearest stations

  • Hassocks (0.3 mi)
  • Burgess Hill (2.1 mi)
  • Wivelsfield (2.9 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

  • Hassocks (0.3 mi)
  • Burgess Hill (2.1 mi)
  • Wivelsfield (2.9 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 43679. 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.

Map data OpenStreetMap contributors.