This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Retail Property (high street) for sale

125 Fawcett Road - PO4


Property Description

Commercial information

  • Business for sale

Key features

  • Traditional newsagents with potential to convert to convenience store
  • Ideal for first time buyer
  • Busy high street location
  • Retirement sale

Full description

Tenure: Leasehold

Daily News is located in the coastal town of Southsea, Hampshire which is a popular town for students at Southsea and Portsmouth University along with the coast close by and Portsmouth to the north which attracts many tourists throughout the year, especially during the summer months using Portsmouth and Southampton harbours.

We have been advised that Daily News has been trading from the same spot for many years and has been under the same ownership since 1984/1985 when our client purchased the business. The business operates from a mid terraced period property on a busy main road among other independent retailers and national chains and approx. 1.2 miles from Portsmouth and Southsea train station.

The area in general is very busy throughout the day with plenty of students and general passing trade. The purchase of Daily News is an ideal opportunity for an energetic family to run what has been a profitable business over recent years and is only being offered for sale due to ill health.

We have been advised that up until January 2017, shop sales averaged £3,000 to £3,500 per week and in our opinion income would be back to that level under new ownership along with a shop refit and additional stock lines with opening hours to suit.

Trading Hours
Historic Hours Monday to Sunday 08:00 — 21:00.
Current hours are reduced and no set times are in place.

Run by the owner’s family members only

Building External
Mid terraced property occupying a prime position on a busy main road among other independent retailers and national chains.

Building Internal
Daily News offers a compact ground floor retail space and stocks a limited selection of everyday goods through choice along with greeting cards, newspapers, magazines and confectionary.

There is no accommodation for staff or owners.

We are advised that the property is held on an original 25 year lease which commenced in 1985 when the current owner’s purchased the business. A new lease is available on change of ownership (subject to landlord approval) with the full terms to be agreed. The current rent is £333.00 per calendar month (correct as of 28.04.17). Rent reviews are and new annual rent are to be agreed.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

An ideal opportunity to purchase a well established family business with a regular and loyal customer base situated within a popular Hampshire town close to the sea.

A viewing is highly recommended to fully appreciate the business opportunity and the area in general

Map & Street View

Disclaimer - Property reference 45487. The information displayed about this property comprises a property advertisement. 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 ALTIUS GROUP LIMITED, Kings. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.