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Howell's News, 132 Magdalen Road, Norwich, Norfolk, England, NR3 4BA

£295,000

Property Description

Commercial information

  • Business for sale

Key features

  • Total sales Y/E 30/04/2017: 292,814 ex VAT
  • Gross profit Y/E 30/04/2017: 69,772
  • 3 bedroom flat accommodation
  • Established & well located newsagent
  • Opportunity to convert into store/off licence
  • Lifestyle business opportunity. Energy Rating D

Full description

Tenure: Freehold

Description

A semi-detached, two storey building constructed of brick elevations under a pitched tiled roof. The newsagent is located on the ground floor, with the owners accommodation located on the first floor, which can be accessed either via a separate entrance or from the rear of the business.

Location

Located on a main link road from the centre of Norwich to the inner ring road, close to several housing estates.

Norwich can be reached via the A140/A12 trunk roads from the south, the A1/M1 direct from London and also via the A47/A11, with Great Yarmouth approximately 30 miles to the east and King's Lynn approximately 40 miles to the west.

Norwich also benefits from a mainline intercity rail link direct to London Liverpool Street.

Internal Details

The newsagent has a compact and well laid out floor area of approximately 800 sq ft and is fitted and equipped for the sale of newspapers, magazines, confectionery, cigarettes, greetings cards, stationery, chilled products and ice creams. The business also benefits from 14 daily morning newspaper delivery rounds delivering approximately 300 papers.

To the rear there is an office, kitchen, staff WC and access to the owners accommodation.

The business has a full alarm system.

Fixtures & Fittings

We are advised by our clients that all of the trade fixtures and fittings are owned outright.

External Details

The newsagent is located in a prominent position fronting on to a main road, with on road parking nearby.

Owner's Accommodation

The business benefits from a self-contained flat comprising three bedrooms, fitted kitchen, lounge and bathroom/WC. There is also a car park area.

The Opportunity

The business has been owned and operated by our clients since 1980, during which time they maintained a constant level of sales.

This is an ideal opportunity, with further potential for conversion into a convenience store/off licence and by extending the opening hours.

Staff

The newsagent is operated by one full time manageress, overseen by the owners, with the assistance of four part time members of staff and newspaper delivery staff.

Trading Information

Total sales for the year ended 30 April 2017 were £292,814 excluding VAT, with a gross profit for the same period of £67,058 plus lottery commission of £2,714, resulting in a total gross profit of £69,772.

Further and more detailed trading information will be made available to interested parties following a formal viewing of the business.

Trading Hours

Monday to Saturday 6:00am to 6:30pm
Sunday 6:00am to 1:00pm

Business Rates

The Rateable Value is £8,600 for the year commencing April 2017 however, the newsagent benefits from small business rates relief resulting in no rates payable.


Nearest stations

  • Norwich (1.2 mi)
  • Salhouse (4.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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

  • Norwich (1.2 mi)
  • Salhouse (4.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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 1418195-fh. 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 Christie & Co , Ipswich. 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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