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3 bedroom convenience store for sale

York Street, Ramsgate, Kent, CT11

137 sq. m. | £850,000

Property Description

Commercial information

  • Business for sale
  • 1,474 sq ft (137 sq m)

Key features

  • REF 12742

Full description

Tenure: Freehold

N W News is located in the seaside town of Ramsgate, Kent.

The store is situated in the town centre of Ramsgate, directly facing the harbour. This is a picturesque location, perfect for those looking to relocate to a bustling seaside town. There is a variety of retail outlets in this area. Close by to the store is a Travelodge, pubs, restaurants, cafes, clothing outlets, a Wilkos, pound stores and much more. This is a busy town that receives a generous amount of trade throughout the year. This is a fantastic location for a busy newsagents.

Ramsgate is a tourist location. The town offers great walks, a beautiful harbour and other attractions such as Maritime Museum, Sea Search Boat Trips, The Micro Museum, Granville Theatre, Ramsgate Music Hall, Royal Temple Yacht Club, York Street Gallery, Jimmy G's Amusements, as well as great shopping facilities. The town also hosts regular exhibitions and events, bringing in more visitors.

The business is situated on an arterial road that runs along the coast; the road further connects to main A-roads, such as the A299. As well as great road links the business also benefits from public transport. There are bus stops located close by and the closest train station is across town, just an 8 minute drive away.

Hilton Smythe welcomes to the market N W News. This newsagents was originally established in the 1990's. This is a well-established business that receives a large amount of trade from tourists. Our client first took over the store in 2014 and is now looking to sell the store, due to the desire to focus on other business interests.

This is a busy town centre newsagents that offers a generous amount of stock. They sell products such as, magazines, alcohol, cigarettes, confectionery, greetings cards, toiletries and much more. The store is located next to a large Travelodge, this increases footfall for the imminent area and also boosts trade for the store.

The business also offers newspapers. The news sheets earns a figure of 26,000 per annum.

The store generates a healthy turnover of around 364,000 per annum. This is an exceptional turnover that has huge scope to further boost this figure. The new owner should look to expand product ranges, by focusing on tourist products like maps, buckets and spades, sun cream and other products tourists may need. The new owner should also look to add a Payzone and Lottery terminal. These are great ways of generating an extra income each year.

Included in the sale is the three bedroom owner's accommodation. This consists of three large double bedrooms, kitchen, living room and a family bathroom. The accommodation is situated across three floors, each with great views of the harbour.

The purchaser could look to convert the loft space into further accommodation. This could be turned into a home office or another bedroom. The accommodation would be perfect for a purchaser looking to relocate to this area. However, if the residential space is not required, the owners could look to rent this space.

This is an exceptional business that is well-established in this location. The area also allows for guaranteed all year round trade, with an increase in the warmer summer months. Hilton Smythe highly advise early viewing, to take in the full potential of the store.

The business is well-signed, this is clear to passing trade.

On entrance is the retail space, to the left hand side is a large open front drinks chiller. To the right is a magazine rack, card display and shelving. At the rear of the room is the service counter. This has counter top displays and on the front is shelving for confectionery.

This is a well-presented store, which is bright and airy due to the windows across the front of the store. All shelves are well-stocked and the retail space feels spacious.

There is a large storage cellar, which runs under the whole property. There is access to the cellar from behind the shop counter. There are two storerooms and staff toilet, the store rooms are shelved.

There is a large owner's accommodation included in the sale. This is set on three floors.

First Floor
On the first floor of the property is the kitchen and living room of the accommodation. These rooms are a great size; this continues throughout the property.

Second Floor
On the second floor is the first bedroom, this is a double room situated at the rear of the property. The family bathroom is also situated on this floor.

Third Floor
On the third floor are a further two bedrooms, one of which is a substantial size.

The property is in a move-in condition and the store is also ready to run. The front of the property is directly facing the main harbour, this is a fantastic view, which can be seen from the accommodation, giving off a relaxed seaside feel.

Equipment included in the sale is as follows-
9 x Camera CCTV system
Electronic till system
Shop air conditioning
Large open drinks chiller
Coffee machine
Ice cream glass topped freezer
Card rack
Cigarette gantry

The accommodation also includes white goods, such as the washing machine, fridge and freezer.

We are advised the business is being sold as a Freehold.
The business opening hours-

Monday - Sunday: 5:30am - 10:30pm

The business is run and managed by our client.

The business generates a turnover in the region of 364,000 per annum.

News Sheet 26,000 per annum.

Map & Street View

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