3 bedroom convenience store for sale

Norwich Road, NR9

176 sq. m. | £477,000

Property Description

Commercial information

  • Business for sale
  • 1,894 sq ft (176 sq m)

Key features

  • REF: 13023
  • FREEHOLD
  • NEWSAGENTS

Full description

Tenure: Freehold

BUSINESS
Hilton Smythe welcomes to the market Lenwade News. Established back in the 1950's the business has been successfully run by our clients, a husband and wife team since inception in 2006 who now wish to semi-retire.

The store is well laid out and sells newspapers and magazines, household goods, hot and cold drinks, tobacco, Lotto tickets, confectionery and every day convenience items. Lenwade News reports a very healthy turnover of circa £370,000 with a gross profit at 25%. The business generates a regular weekly income from 5 newspaper delivery rounds in the area yielding an average weekly income of £1,900 and a further £700 from in store sales.

The store is a good size and we believe with some reconfiguration, perhaps using some of the space in the large store room, additional product lines could be introduced. A new owner may wish to apply for an alcohol license or even provide post office services.

Adjoining the business is a superb 3-bedroom owner's accommodation, with private garden to the front and fantastic rear garden with views overlooking the lake.

Early viewing of this long established business is highly recommended, ideal perhaps for a couple or family looking for a lifestyle change in this desirable location.


LOCATION
The business is located in the leafy village of Lanwade on the outskirts of Great Witchingham, Norfolk.

Lenwade News is set back just off the A1067, a heavily used commuter road running towards Norwich around 10 miles away. The business is situated close to several housing developments from which the business derives much trade and is located next to a busy café.

The business benefits from ample parking for customers to the front.

PREMISES
Shop
Single storey premises with vibrant signage and ample parking to the front.

L shaped retail area with 2 central display areas, perimeter shelving and racking, 2 two door chillers, 3 tier ice cream freezer, news and paper racks, shop counter with 2 EPOS tills, cigarette gantry, lottery terminal and coffee machine.

Stock room
Large stock room with racking and shelving, paper sorting bench. Access to staff toilets.

Office at rear of shop with back office system.


Owners accommodation
L shaped hallway with access to bedrooms, bathroom and front door.

Large bathroom with separate shower cubicle.

Good size lounge/diner with Bifold doors out to rear garden and view of the lake.

Kitchen
Fully fitted kitchen, replaced last year.

Large double master bedroom with door to dressing room.

Bedrooms 2 and 3 are good size double rooms with bay windows to front.

Outside front
Private front garden area with lawn and shrubs, gate leads to front of shop with ample parking for customers.

Rear view
Large rear garden with vehicle access, boundary extends to far side of lake (approx 1 acre lake shared between this property and 3 others).

TENURE
We are advised Freehold.

HOURS
The business opens: -

Monday to Friday 5.00am - 6.00pm
Saturday 5.00am - 1.00pm
Sunday 5.00am - 11.00am

STAFF
The business is owner run and managed with the assistance of 3-part time members of staff and 3 newspaper delivery staff.

FINANCIAL PROFILE
Lenwade News reports a very healthy turnover of circa £370,000 with gross profit at 25%.

The average weekly takings for news sheets is £2,600.

Nearest station

  • Norwich (10.3 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 station

  • Norwich (10.3 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 13023. 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.

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