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Carlton Colville News & Cards, 4 Famona Road, Carlton Colville, Lowestoft, Suffolk, England, NR33 8JX

£235,000

Property Description

Commercial information

  • Business for sale

Key features

  • Turnover Y/E 31/07/2017: 86,382
  • Gross Profit Y/E 31/07/2017: 15,905
  • Established traditional newsagent
  • Potential for expansion or alternative use
  • Rental income from hairdressing business
  • Energy Rating C

Full description

Tenure: Freehold

Description

A linked, terraced property constructed of brick elevations under a pitched tiled roof, forming part of a purpose built shopping parade.

Location

The business is located within a busy, purpose built shopping parade in the centre of Carlton Colville, which is on the outskirts of Lowestoft and is situated in a central position surrounded by housing estates.

Lowestoft can be reached via the A12 from London, approximately 140 miles to the south and the A47 to the west, with Norwich approximately 50 miles distant. Lowestoft also has a mainline intercity rail link direct to London Liverpool Street.

Internal Details

The traditional newsagent has a compact and open plan sales area of approximately 800 sq ft and is fitted and equipped for the sale of newspapers, magazines, confectionery, cigarettes, pharmacy and medical products, stationery, hardware, fancy goods and gifts and also benefits from being a PayZone Agent. The business also has a plan printer for printing large format plans, two colour photocopiers and a laminating, comb book binding, faxing, photocopying, internal printing and leaflet distribution section.

We are advised that there are seven newspaper delivery rounds with approximately 150 drops per day.

To the rear there is an office, kitchen and staff WC.

The business further benefits from full CCTV and alarm systems.

Fixtures & Fittings

We are advised by our client that all of the trade fixtures and fittings are owned outright, including the three chiller units, the ice cream fridge and the two colour photocopiers.

There are no hire purchase agreements on any aspect of the business.

External Details

The business is situated in a highly visible, shopping parade location, with a large customer car park.

The Opportunity

The business has been owned and operated by our client since 1967 and is for sale due to retirement.

There is an additional income from an established ladies hairdressing business on the first floor, which returns a rental income into the business. There is also a separate unit adjacent to the hairdressers, which was not let at the point of our instruction and which offers further potential and/or possible conversion into a flat.

We believe that this is an ideal opportunity for a first time buyer or as an additional business for a local operator.

Staff

The business is run by one full time owner in conjunction with the newspaper delivery staff

Trading Information

Total sales for the year ended 31 July 2017 were £86,382, with a gross profit of £15,905, plus an additional rental income from the hairdressing business of £10,400 per annum.

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 5:30pm
Sunday 6:00am to 12:30pm

Business Rates

The Rateable Value is £8,600 for the year commencing April 2017.


More information from this agent

Nearest stations

  • Oulton Broad South (1.6 mi)
  • Oulton Broad North (2.2 mi)
  • Lowestoft (3.0 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

  • Oulton Broad South (1.6 mi)
  • Oulton Broad North (2.2 mi)
  • Lowestoft (3.0 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 1418200-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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