Newsagents for sale in Reading

View the "NEWSAGENTS / CONFECTIONERY / TOBACCO / GREETINGS CARDS / MINERALS / ICES / CAMELOT LOTTERY, ETC. - TWO FLATS - WESTERN OUTSKIRTS OF READING, BERKS" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 


I can honestly say I was overwhelmed by the amount of interest and enquires this generated. Very easy to advertise your business with great results!

Jo White (April 2016)
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Leasehold Price: £25,000 Weekly Turnover: £3,000
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Business Description
NEWSAGENTS / CONFECTIONERY / TOBACCO / GREETINGS CARDS / MINERALS / ICES / CAMELOT LOTTERY, ETC. NB. THE ADDITION OF AN OFF LICENCE FACILITY WILL NOT BE PERMITTED - TWO FLATS - WESTERN OUTSKIRTS OF READING, BERKSHIRE

The Semi-Detached Premises, being one of a pair of shops, are held on lease from an Housing Association which we are advised was granted in February 2009 for a term of 10 years at a current rent of £11,000 per annum.

NB. There are two Flats which the owners rent out for £850 per calendar month & £650 per calendar month (total £17,400 per annum) thereby, in effect, creating a profit rent for the Shop of £6,400 per annum.

The property, probably built in the 1930’s, comprises:-

Double Fronted Shop (approx. 540sq.ft.). Outside:- Garage. Standing area for two cars. Garden area.

Private Entrance to:-

a. Self-Contained Flat above (currently sub-let on an Assured Shorthold Tenancy at £850 per calendar month - £10,200 per annum).

b. Ground Floor Flat (currently sub-let on an Assured Shorthold Tenancy at £600 per calendar month - £7,200 per annum).

Main Services Installed.

We are advised that Takings average around £3,000 weekly including wholesale news bill of about £950 weekly (eight morning paper rounds - computerised system). Sales include commissions received from Camelot National Lottery, National Express Bus Tickets & PayZone / Phone Top-Ups. NB. There is no opportunity for an Off Licence to be added to this business as the shop next door is licensed for this purpose and Landlord will not agree to this shop selling alcohol.

The business is run by working partner together with boys for the morning paper rounds whose wages are covered by the delivery charges.

Price required for goodwill, lease, tenants fittings, fixtures, utensils and equipment, etc. £25,000 STOCK EXTRA AT VALUATION
Tenure: Leasehold

Location Details:

Situated in a residential area towards the western outskirts of the prosperous Berkshire Thameside Town of Reading.

Listed by: A H LANSLEY
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C.6704
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