Retail Property (high street) for sale

47 Newport Street - BL1

£90,000

Property Description

Commercial information

  • Business for sale

Key features

  • Thriving Town Centre Counter Newsagents
  • Amongst multiples, limited hours, no deliveries
  • Wt £8000, Lottery, £5500, Paypoint £13,500, Payzone £4500, N/S £800, Mobile Phone rental are £375 P/w.
  • Superbly fitted inc EPOS, CCTV, air conditioning, potential office suites

Full description

Tenure: Leasehold

DESCRIPTION
This is an extremely rare opportunity to acquire a thriving and highly lucrative Counter Newsagents which occupies a prime trading position in the ever popular North Manchester town centre of Bolton.
M D News is located right at the heart of the bustling town centre on a busy pedestrianised thoroughfare amongst a number of major multiple high street outlets including Subway, Holland & Barrett and a number of well known bookmakers with car parking in the vicinity. The area is subsequently a hive of activity with continual footfall from the large number of students, shoppers and shop/ office workers who frequent the town on a daily basis. The business therefore attracts high levels of regular repeat and passing trade.
Having operated within the town for many years, this well known and heavily relied upon business has forged strong relationships with the town and boasts an extensive and loyal customer base.
M D News operates from commanding and highly visible double fronted shop premises which provide spacious and versatile ground floor lock up business accommodation. To the first and second floors of the property there are a number of good size rooms which have potential to be utilised as office suites or provide a base for a second business.
M D News is a successful and extremely profitable business operating on limited hours with no newspaper deliveries. The business therefore represents an excellent purchase for an ambitious operative who have the opportunity to extend the opening times with potential to introduce an off licence and a selection of convenience lines. These enhancements will significantly increase the already impressive weekly sales whilst ultimately enhancing overall profitability.
To fully appreciate this first class business opportunity, viewing is highly recommended.
Vendor has applied for changing the business to a Spar, so there is great potential for a buyer to generate strong income on this business.
Offers in Region of £12

Sales
Currently shop sales average £8,000, Lotto £6,000, News Sheet £800, Paypoint £15,000, Payzone £5,000 approximately. Mobile Phone Rent average at £375 per week. ATM Cash Machine average at £100 commission per week and Internet Calling Cards Income of £30 per week.



ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday — Saturday 08:00 — 17:45
Sunday 10:00 — 16:00


STAFF
Managed by the owners with 1 full & 1 part time staff.

Building External
The highly visible double fronted shop premises offer deceptively spacious and versatile accommodation extending over three floors.

Building Internal
The spacious air conditioned sales area is bright and airy creating a welcoming environment. The business is fitted to a very high standard with a range of good quality fixtures and fitments including a two point EPOS system with scanner facility, air conditioning and ample refrigeration. There are also ample storage facilities, office, kitchenette and a staff toilet.

RESIDENTIAL ACCOMMODATION
There are a number of rooms located to the first and second floors of the property which have the potential to be used as an office suite STPP to generate an additional income if required.

TENURE
We are advised that the property is held on a 7 year lease which commenced in 2012. The annual rent is £32,000 inclusive (correct as advised on 09/10/13). There is a long lease avaiable with the landlord. Rent reviews are at 2 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 fantastic opportunity to purchase a successful and lucrative business which occupies such a prime town centre trading position. To avoid disappointment, viewing is highly recommended.


Nearest stations

  • Bolton (0.3 mi)
  • Hall i' th' Wood (1.5 mi)
  • Moses Gate (1.8 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

  • Bolton (0.3 mi)
  • Hall i' th' Wood (1.5 mi)
  • Moses Gate (1.8 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.

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