Retail Property (high street) for sale

3 Wright Street - PA4

£44,995

Property Description

Commercial information

  • Business for sale

Key features

  • Popular Licensed Convenience Store
  • Free On Street Car Parking
  • Good Profit Levels
  • Great Potential to Develop Shop

Full description

Tenure: Leasehold

Situation
Wright Street Newsagents & Convenience Store is situated within a residential area on the outskirts of Renfrew. The town itself is only a short distance from both Glasgow and Paisley and is an easy commute to both.

Description
Wright Street Newsagents & Convenience Store is a popular licensed convenience store, which has generated a comfortable income for the current owners. Owned by a husband and wife team for many years, the business now performs well with income derived successfully from various sectors. The business attracts a good level of local trade with much repeat custom and also benefits from passing trade.

The current vendors sell hot food, freshly prepared on the premises eg. hot and cold rolls, paninis, baguettes, wraps, all day breakfast etc. They also serve soup, tea and coffee.

Building Internal
The property is an extremely well presented newsagents and convenience store with a large window to the front and side maximising visibility to passing motorists.

Public Areas
The main entrance is from the front that leads into the main store area. There are numerous chilled cabinets displaying various items from drinks to chilled meats. The current owners stock a wide range of newspapers, magazines, cards as well as household necessities and confectionery. There is also an in store cash machine which has greatly increased footfall within the store as has the photocopier. Behind the counter is a large well presented alcohol and cigarette display area and the business is fully air conditioned throughout. There is also lottery terminal.

Service Areas
The store has a large stock room/kitchen/office to the rear. There is also a staff toilet. The entire shop is covered by a fully integrated CCTV system.

Builidng External
The business is situated on a corner site with free car parking available on street to the front.

Services
The property has all mains services connected.

Tenure
The property is held on a Leasehold basis. We have not had sight of the Lease, however we have been informed that there is approximately 11½ years left on the Lease with the current rental in the region of £11,750 per annum. A copy of the Lease will be made available to solicitors acting on behalf of interested parties.

Licence
We have been informed that the new premises licence under the Scotland Licensing Act 2005 was successfully granted in 2008.

Accounts
Weekly takings are currently in excess of £6,500. Full trading information will be made available to seriously interested parties after a formal viewing has taken place.

Summary
The sale of Wright Street Newsagents offers a superb opportunity to purchase a well performing and profitable business. Though successful in its current format, the business offers expansion potential to increase the trade and profit levels even further.


Price
Offers in the region of £49,500 are sought for the Leasehold interest, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact on 0131 314 0660.

Bruce & Co
Bruce & Co is the trade name of Bruce & Co Ltd. Registered in Scotland No: 190660.

Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease.

Viewing
Strictly by appointment through the sellers sole agents, Bruce & Company.

Offers
All offers, couched in Scottish Legal Terms, should be submitted to the sellers sole agents, Bruce & Company.

Business Finance Centre
For a free, no obligation quotation on the finance available to purchase the business, please phone THE BUSINESS MORTGAGE CENTRE - 0131 558 9832.

Website
Visit our website at www.bruceandco.co.uk for a range of other properties available.


Nearest stations

  • Paisley Gilmour Street (1.3 mi)
  • Hillington West (1.5 mi)
  • Hawkhead (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 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

  • Paisley Gilmour Street (1.3 mi)
  • Hillington West (1.5 mi)
  • Hawkhead (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 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 36289. 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, Bruce & Co. 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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