Price:
Leasehold - £29,950
Location:
Staffordshire , Staffordshire, Stafford
Business Type:
Commercial Property, Retail businesses
Business
A news agency business has been established at the property since the 1980s and our client acquired the business in 2008. The newsagent offers a selection of convenience products, soft drink, snacks and newspapers/ magazines. There are approximately eight paper rounds running daily and serving the local area. In addition, the local Staffordshire University is supplied by the newsagents.
For the Year End 31st July 2010, the turnover was £231,472 with an operating profit of £4,895. Further details of the accounts can be provided subject to signing a confidentially agreement form.
Description
The premises are the ground floor of a two storey property. There is a large shop front (width 4.40m) with a carpeted floor, florescent lighting and counter. There is an office beyond which benefits from a kitchenette and store area.
To the rear is a lean to paper store.
Rating Assessment
Rateable Value £7,600
Rating Authority Stafford Borough Council
Energy Performance Rating
Awaiting documentation.
Price
The business is available as a going concern for an asking price of £29,950 plus Stock at Valuation.
VAT & Stamp Duty
Prices/ rents and other charges are quoted exclusive of but may be subject to VAT at the appropriate rate. The Purchaser will be responsible for Stamp Duty Land Tax, if applicable. Prospective Purchasers should seek legal advice on the impact of VAT and Stamp Duty Land Tax on this transaction.
Legal Costs
Each party to bear their own legal costs in this matter, notwithstanding the Landlord’s legal costs which will be paid by the Purchaser/ Assignee.
Viewing
Parties interested in viewing the premises are required to make a prior appointment through the Agents Newcastle Office. Contact Sarah Plant on 01782 714 004 or sarah@robertsonsurveyors.co.uk.
These premises are located in Alliss Close, just off the main Weston Road (A518) in Stafford. There are two schools along with Staffordshire University and Stafford Hospital all in walking distance.
The premises are held by way of an Internal Repairing lease for a term of 10 years with effect from 5th August 2008. The current rent is £9,300 per annum – payable monthly in advance (£775pcm). There is a provision within the lease for a break clause in August 2013 subject to 3 month’s prior written notice.
There is a service charge of approximately £140 per annum to cover ground maintenance.
Monday to Saturday = 6.30am to 6pm
Sunday = 7.30am to 1pm
North Yorkshire
£ 750,000
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