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3 bedroom commercial property for sale

Wellingborough Road, Northampton, Northamptonshire, NN1

Guide Price £30,000

Property Description

Commercial information

  • Business for sale

Key features

  • Well established counter newsagents and off licence
  • WT 3,000+, lottery 1,750, news sheet 400
  • 2/3 bedroom private accommodation
  • Owner retiring, viewing strongly recommended

Full description

This is an excellent opportunity to acquire a long established and well known newsagents and off licence, which occupies a prime trading position within the popular area of Northampton, Northamptonshire.

The business is situated on a bustling main road on a very busy parade of shops and is close to the town centre, amongst an abundance of professional organisations, retail premises and food outlets. The location ensures high levels of footfall and activity throughout the day.

The business therefore attracts regular, local and passing trade from the large number of shoppers and workers who frequent the area on a daily basis.

Having been under present ownership for the past 32 years, this successful business has forged strong relationships with the local community and therefore boasts an extensive and loyal customer base.

The business operates from an imposing single fronted premises, providing a versatile business and private accommodation. The business is neatly presented with a good range of equipment and fittings, including air conditioning and ample refrigeration.

The business retails a range of newspaper and magazine titles, a selection of tobacco products, confectionary and soft drinks as well as offering the National Lottery and an off licence service.

Only now being offered for sale due to retirement, a viewing is strongly recommended at the earliest opportunity to avoid disappointment.

Currently shop sales average 3,000+ approximately.

Weekly lottery sales approximate to 1,750.

News Sheet 400.

Current records and accounts can be inspected when viewing.

Monday - Saturday 06:00 - 19:00
Sunday 06:00 - 13:00

Operated under management with full/part time members of staff.

The highly visible single fronted shop premises, provides a versatile business and private accommodation.

The good sized sales area is light and airy, creating a welcoming environment with a good range of equipment and fittings including air conditioning. To the rear of the property there is a kitchen, a stockroom, a storage area and a W/C.

This is a 2/3 bedroom property comprising of a lounge, a bathroom, a master double bedroom and two additional bedrooms.

The vendors own the property and will grant a new FRI lease (subject to contract) for a period of 15 years at an initial rent of 14,000 exclusive of rates. 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 an excellent opportunity to purchase a well established and lucrative business, occupying a prime town centre trading position. Only now being offered for sale due to retirement, a viewing is strongly recommended.

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