BARROWFORD- Newsagents Busy Main Road Location W/T £6,000, N/S £2,300 Re

Blacks are delighted to present a busy and long established freehold newsagents located in the Barrowford area of East Lancashire.

Park News has been operating on Gisburn Road for over 60 years and the current owner has managed the business since 1981 and is recognised for providing a valued service to customers in the local area. The business is being offered for sale due to the current owners retirement plans which presents a fantastic opportunity for a new owner to take the business onto the next phase and build on what has been established to maximise all opportunities.

Externally the building stands prominently on the busy Gisburn Road on a small parade in a densely populated area and Park News occupies a single shop front.

Internally the ground floor retail area is well laid out with magazines, greetings cards and stationery on displays and various shelving. The counter is to the rear of the shop floor with access to small storage and also the first floor which is a large storage area, bringing with it the potential for other use and WC facilities. It is understood that similar sized retail properties in the immediate area have a rental income of approximately £12,000 per annum making this an excellent value freehold proposition.

Although the business has been trading for many years there is still plenty of potential opportunities that can be realise and certainly expanding existing lines and making further use of the first floor would be considerations. There is no lotto and there are no alcohol sales giving further scope for growth. Also, there is property development on the opposite side of the road which is anticipated to have a positive impact on trade the this business, attracting additional footfall.

The business would ideally suit hands on owner operators who could drive the business forward with enthusiasm and build on the solid trading heritage that the current owner has enjoyed for so for the last 30 years.

It is rare that such a strong business with a long standing reputation comes to market and therefore early viewings are advised as an early completion is anticipated.