Shop for sale

Medlock Way, Oldham, Greater Manchester, OL4

Leasehold 48 sq. m. | £79,995

Property Description

Commercial information

  • Business for sale
  • 516 sq ft (48 sq m)

Key features

  • REF 12268
  • LEASEHOLD BUSINESS
  • NEWSAGENTS

Full description

Tenure: Leasehold

LOCATION
Medlock Way News is located in the historic village of Lees, Greater Manchester

This ground floor single storey double fronted newsagents is ideally situated in the picturesque and historic village of Lees just outside the town centre of Oldham. Country roads lead just a few mins drive to the historic villages of Delph, Diggle and Dobcross

There is car parking at the front of the premises and the business is well and truly the centre of the village community thus generating a good turnover from local residents and school children.

BUSINESS
Hilton Smythe are proud to present Medlock Way Newsagents to the market.

The business prides itself on having its repeat trade from the locals and is very well known in the area, the shop is largely filled with sweets, pop and snacks for the kids that pass by after school as the newsagents is hugely popular with them and this brings the business a very healthy turnover of 400,000 and has a gross profit of 24%. Revenue is also derived from the retail of magazines, newspapers, groceries, and lottery and also sell a various variety of greeting card and toiletries.

The business also offers a large paper round with 9 staff delivering in the morning and 9 staff delivering in the evening and this helps bring in healthy weekly takings. As the business is detached from any other property it makes the newsagents really stand out.


Our clients have decided to sell the business due to other interests they would like to pursue,
We advise that an early viewing for the business for an interested parties is highly recommended.

PREMISES
The business premise is a double fronted corner detached newsagents with large signage and is fitted with CCTV and an alarm system.

There is an ice cream and double freezer to the rear of the shop which is also alongside a soft drinks chiller. There is an area of the shop that is filled with greeting cards, wrapping paper, gift bags and stationery. The business also had a glass cabinet under the counter that currently displays mobile phone accessories that they have for offer. The cigarette kiosk is located directly behind the counter.

The large serving counter at the front of the shop is filled with soft drinks, sweets and
crisp's with the addition of the lottery and scratch card machine and completed with the 'coffee to go' machine.

To the rear of the store is a large stock room and rear private entrance door which opens to the outside yard area. Also in the back of the premise is a kitchen area, toilet and wash basin,

TENURE
We are advised that the business is Leasehold.
Details to be provided.
Rent 80 per week

HOURS
The business is open from:
Monday - Sunday: 5:00am - 6:30pm

STAFF
The business has currently 2 full time staff and 1 part time.

FINANCIAL PROFILE
The business reports an annual turnover of 400,000 and has a gross profit of 24%


Nearest stations

  • Oldham Mumps (1.3 mi)
  • Derker (1.4 mi)
  • Mossley (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 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

  • Oldham Mumps (1.3 mi)
  • Derker (1.4 mi)
  • Mossley (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 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 3108. 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 Hilton Smythe, Bolton . 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.