Newsagents & Convenience Store - Tipton Long Established Business in a Good Residential Area Taking up to£4.500 per week. Plus Commission Income from National Lottery Includes Self-Contained Flat with 2 Bedrooms Price £185.000 (Virtual Freehold) Or £110.000 for the ground floor shop only (Virtual Freehold) Or £45.000 Leasehold OFFERS ARE INVITED Description and Trade: A well-established Newsagents & Convenience Store within a parade of shops in a good residential area. The shop sells Newspapers & Magazines. General Groceries. Beers. Wines and Spirits and Greetings Cards. and earns considerable commission income from the sale of National Lottery tickets. PayZone elecronic payments and a Dry Cleaning agency. Premises: Retail Shop (around 520 sq. ft.) with tiled floor. Fixtures and fittings include: modern wall and double-sided gondola display shelving. greeting cards stands. freezers. chilled drinks cabinets and serving counter. Rear Stock Room; Kitchen & w.c.Rear door to access area. car parking spaces and single Garage. The Premises are protected with a burglar alarm system. CCTV system and roller shutter to front windows. Accommodation: Above the shop is a Flat with 2 bedrooms. The Flat is let and providing Rental Income of £400 per month (4.800 per annum). Comments: An opportunity to acquire a very attractive business with lots of potential to extend opening hours into the evenings to maximise sales of alcohol products. Our Client Informs Us That: Takings and Profitability: Retail Takings average £4.500 per week. with Gross Profits estimated to be around 22%. Plus Additional Commission Income of around £6.000 per annum from the sale of National Lottery tickets. and also commission income from PayZone and Dry Cleaning agency. The weekly news bill is around £1.000. with 2 morning. 5 evening and 5 Sunday news delivery rounds in operation. Trading Hours: Mon. Tue Thur. Fri: 6.30am 7.00pm Wed. Sat: 6.30am 7.30pm Sunday: 7.00am 12.30pm Staff: The Business is operated by family members. Tenure: The Property in virtually freehold. being held on a long 99-year ground lease from 1974. Ground rent payable is just £45 per annum. with nominal service charges of around £532 per annum. Price: £185.000 plus stock at valuation for the Ground Lease. Property. Business. Fixtures and Fittings. OR £110.000 for the ground floor shop only (Ground Lease) Or £45.000 plus stock at valuation for a new lease. Rent payable £11.000 per annum for the whle property. or £6.000 per annum for the shop only. OFFERS ARE INVITED