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Retail Property (high street) for sale

130 Victoria Road - DD1


Property Description

Commercial information

  • Business for sale

Key features

  • Recently Refurbished & Upgraded
  • Easily Run Business

Full description

Tenure: Leasehold

Dundee is the fourth largest city in Scotland. It lies on the north bank of the Firth of Tay which leads into the north sea. With excellent road links via the A90 and M90, Edinburgh can be reached in around 80 minutes drive south while Aberdeen can be reached in around 90 minutes drive north. There is a hive of activity in Dundee city centre with ample bars, restaurants and a fantastic selection of shopping facilities. Ahmed's Newsagents is prominently located on Victoria Road, a busy thoroughfare that leads directly into the city centre area. The business is surrounded by a high amount of residential accommodation.

The Business
Ahmed's Newsagents has been run by the current proprietor for the past 14 years who has decided to sell the business to seek business opportunities elsewhere. The business is trading very successfully with turnover continually growing, benefiting from regular local clientele and also a high amount of passing trade as the business is located on a busy thoroughfare leading into the city centre. The business is currently run by the owner with the assistance of one full time member of staff. Opening hours are Monday to Saturday 6.00am - 7.00pm and Sunday 7.30am - 6.00pm. The business benefits from having an off sales licence and Paypoint.

Building internal
The property is a single retail unit that is mid terraced occupying the ground floor and basement levels. The property has a large glass frontage and the main entrance is from pavement level via a recessed doorway leading directly into the main sales area.

The Shop
The shop is attractively presented throughout with full refurbishment having been undertaken in the last year including modern adjustable wall shelving, new fridges and new CCTV equipment. The sales area has a lino floor and above there is a suspended ceiling with inset fluorescent strip lighting. The servery counter is located at the rear of the shop and has all the usual services located behind including up to date EPOS system and a tobacco gantry. Other equipment includes a large open display fridge, a double door, alcohol fridge and a hot food display oven. The shop sells a wide variety of goods which you would expect from a small convenience store including newspapers/magazines, general groceries, confectionery, soft drinks, tobacco, fresh rolls and alcohol.

Service Areas
Service areas within the shop include a store room at the rear, a spacious store in the basement and a staff WC.

We are informed that all mains services are connected.

The sale of Ahmed's Newsagents will be offered on a Leasehold Title. The annual rental chargeable will lie in the region of £8,400 per annum depending on term of lease, and the Landlord is very flexible on the length of Lease that will be offered. Prospective purchasers of this business are advised to take independent legal advice on the Lease, a copy of which will be made available to solicitors acting on behalf of prospective purchasers.

The new premises licence under the Scotland Licensing Act 2005 was successfully granted in 2008.

Full trading information will be made available to seriously interested parties after a formal viewing has taken place.

The sale of Ahmed's Newsagents offers an excellent opportunity for new proprietors to purchase a newly refurbished shop that benefits from an excellent trading location, is easily manageable and has an increasing turnover.
Offers over £34,995 are sought for the Leasehold interest, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Map & Street View

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