Newsagents for sale in Duns

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Long Established Newsagents and Sub-Post Office in the Scottish Borders

Duns, Scottish Borders, Scotland

  • Leasehold Price: £125,000
Seller Reference: 16018928
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Business Description
 
 
 
 
 
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Seller Reference: 16018928
Request Details
Business Description
Leasehold
Long established sub Post office and General Store
Well-equipped retail area, secure P.O. counter and office
Profitable business
Attractive county town location
Easily managed business
Annual Rent of £18,000 payable
Offers over £125,000

Long established newsagents and sub-post office with prominent roadside presence in a prime trading location on the main market square of town. Benefiting from an exceptionally high volume of passing trade, this well-established business generates a high annual turnover and the opportunity for new owners to expand the business. An early viewing is highly recommended to truly appreciate the quality of facilities that is on offer.
Situation
The subjects occupy a prime trading location with main road frontage within the Scottish Borders town of Duns which lies in the heart of Berwickshire. With prominent roadside presence, the property enjoys good visibility from the volume of passing traffic.

Duns is an attractive and bustling market town well known for its individual shops and boutiques. Surrounded by beautiful countryside, the town is well serviced with a range of facilities including primary and secondary schools, and health care facilities. It also provides a wide variety of amenities including hotels, tea rooms, bank, library, community centre, sports facilities, and a variety of shops.

Enjoying a wonderful rural setting, the Store is also well placed for access to the A1 providing excellent transport links to the north and south. The town is approx. 50miles south-east of Edinburgh and 17miles west of Berwick-upon-Tweed with both offering a wide range of services and amenities. Berwick-upon-Tyne is also located on the East Coast mainline railway line with onward connections north and to London and the South.

Business
The business trades as a sub post office and newsagents. It offers for sale a range of general and convenience items together with stationary, traditional news, confectionery, soft drinks and tobacco lines. Also benefits from the National Lottery, free to use cash machine, tobacco certificate and Pay Station connection.

Owner operated with the assistance of one full time and three part time members of staff, the business trades:
Mon – Sat: 05:00-17:30
Sun: 06:00-13:00

The premises benefits from its position on market square, the main trading thoroughfare of town and as such reaps the reward of the strong trade in the area. Details of the P.O. salary, which we understand is available for transfer to a suitable incoming party, and audited accounts will be made available to those parties showing genuine interest.

Property
The business operates from a ground floor retail premises (85 sq m / 568 sq ft) with window frontage onto Market Square, a prime trading location on the main through road of town.

Internally the premises comprise a sizable retail sales area at the front, approx. 52.8 sq m (568 sq ft) well fitted throughout with a comprehensive range of modern high quality fixed and free-standing display units and shelves, newsstands and drinks fridge. A prominent fully equipped counter area with electronic till point and the main sub Post Office counter and free to use cash machine are also located in this area. To the rear of the property there are additional post office facilities and stationary display stands positioned within a retail area extending to approx. 31 sq m (336 sq ft).

The property has GCH, mains water and drainage.

External:

Traditional stone building with ‘B’ Listed status. Access is gained at the front of the property from Market Square where on street parking is available.

Rating Assessment
The commercial premises are entered in the current Valuation Roll at a rateable value of £8,100 and therefore benefits from 100% relief under the Small Business Bonus Scheme.

Trading Figures
This is a very steady and profitable business, run to suit the lifestyle of the current owners. Full trading information will be provided following a formal viewing.

Price
Offers Over £125,000 are are invited for the leasehold to include the current business and anticipated transfer of the P.O. salary. All prices, rents and premiums, where quoted, are exclusive of VAT. Prospective purchasers are advised to satisfy themselves independently.

RENT
£18,000 per annum.

LEASE TERM
The subjects are held on full repairing and insuring terms. Also, on flexible terms for a negotiable period.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in the transaction. The incoming tenant will be responsible for tax and recording fees in the normal fashion.

ENTRY
Entry is available upon conclusion of all legalities

Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale.
Tenure:
Leasehold
Location Details:
The subjects occupy a prime trading location with main road frontage within the Scottish Borders town of Duns which lies in the heart of Berwickshire. With prominent roadside presence, the property enjoys good visibility from the volume of passing traffic. Duns is an attractive and bustling market town well known for its individual shops and boutiques. Surrounded by beautiful countryside, the town is well serviced with a range of facilities including primary and secondary schools, and health c
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