Market Square Newsagents, 10-11 Mercers Row, Northampton, NN1 2QL

The store currently achieves just over £14,000 per week, offering services such as Lottery and Evri. There is an opportunity to further increase the turnover/profit by offering other services.

This corner plot unit is on the main entrance into Market Square in Northampton city centre. Northampton’s Market Square is one of the oldest markets in the UK and has just recently been involved in a multi-million pound regeneration programme which has seen much of the immediate area become pedestrianised and completely refurbished. Some of the other businesses nearby include a building society, cinema, banqueting and events hall, a range of residential estate agents, beauty salons, recruitment agencies and cafes.

Internally the retail trading area extends to approximately 450 sqft. The trading area is one main section with units and chillers around the perimeter of the store. The payment kiosk is located to the left of the entrance and this showcases an array of tobacco products and alcoholic spirits. Meanwhile to the rear of the store there is a storeroom and stairs leading to the basement which includes a staff room, kitchen, managers office and WC.

To the first floor, accessed via the stairs from the ground floor segregated from the convenience store, there is a single lock up unit with a sub-lease which is currently occupied by a barber shop currently paying £7,000 per annum.

All fixtures and fittings will be listed and presented to you before an exchange of contract in a detailed inventory.

Externally, the property sits back from the road against a pedestrianised area at the entrance to Northampton’s market stalls. There is on street parking available in the respective parking bays, which are managed by the local authority and require drivers to pay and display. The exterior to the building is under a preservation order due to its architecture, so any changes to the outside of the store could be subject to planning permission from the local authority. Access to the first floor has now been fully segregated from the convenience store so that it now has its own entrance to the first floor barbers as a part of the under lease.

No residential accommodation is included.

Market Square News has been a family ran store for more than 25 years. The store currently achieves just over £20,000 per week, offering services such as Lottery and Evri. The store would suit a multi-operator who is looking to build on the excellent foundation of the current operator or a first time buyer who is looking to delve into the convenience sector. The store is a compact, easy to maintain, lock up unit and offers any interested buyer the opportunity to increase turnover by offering further services such as PayPoint or Payzone and / or by extending the hours of trade.

A staff schedule can be provided upon request.

Turnover: £1,056,877
Expenses: £73,867
Wages/Salaries: £30,838
Gross Profit: £146,769
Adjusted Net Profit: £96,077

The current trading hours for this store are:

Monday to Saturday: 07:00 until 19:30
Sunday: 09:00 until 17:00

Available on leasehold only.

The Business Rates for this unit is £14,250, as per the government website: