Convenience Stores for sale in Edinburgh City

View the "Newsagency/Convenience Store, Edinburgh (ref. 1114)" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Freehold Price: £159500 Leasehold Price: £22000.00
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Business Description
Unlicensed Newsagents / Convenience Store on excellent trading location on Cadzow Place/London Road. Run under same ownership for circa. 35 years. Scope to develop existing trade. Ground floor property with basement. May also be suitable for alternative use.

Our client has owned and operated this newsagents / convenience store now for circa. 35 years and has placed the business on the market to allow him to retire.

Turnover is derived from mainly the sale of newspapers, soft drinks, confectionery and crisps with a small line of groceries and convenience products. Our client made the decision not to offer alcohol sales – it is thought a licence could be reinstated with the required approval from the local council.

There is also a Lotto terminal and PayPoint facility along with further income derived from a parcel collection service offered from within the shop.

It is our client’s preference to retain the property and to sell the business. He may also consider rental offers for those looking at the unit for alternative use.

A new flexible length of lease is available with a starting rent of £13,000 per annum. Length of lease is negotiable, although a minimum term of 10 years is preferred.
Trading Hours:
6.00am to 7.30pm Monday to Saturday / 6.00am to 5.00pm Sunday.

Tenure: Freehold, Leasehold

Location Details:
K&B Stores occupies a prominent retail unit on the south side of Cadzow Place, close to its junction with Abbeyhill in an area predominant with private traders. Cadzow Place is effectively an extension of London Road heading east from the city forming part of the main A1 trunk road heading towards East Lothian and beyond.

The property is close to the junction with Montrose Terrace to the west and is not far from Meadowbank Retail Park. The Abbeyhill area in which the business is situated is just one mile east of Edinburgh city centre and is connected to Leith via the nearby Easter Road and Leith Walk. There are plans for circa. 250 houses under development nearby by Bellway homes.

Edinburgh continues to be one of the most visited cities in the UK along with there being a high demand for housing from people relocating to Scotland’s capital.

Leasehold Term:
A new flexible length of lease is available with a starting rent of £13,000 per annum. Length of lease is negotiable, although a minimum term of 10 years is preferred.

Downloadable Documents

Listed by: Cornerstone Business Agents

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1114
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