Newsagents for sale in Essex

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Newsagent, Convenience Store and Main Post Office in Essex

Essex, England

  • Freehold Price: £650,000
  • Weekly Turnover: £7,000
Seller Reference: NB-C8537
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Business Description
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Seller Reference: NB-C8537
Request Details
Business Description
Nationwide are delighted to present to the market SUPERBLY FITTED NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY slight CONVENIENCE GROCERIES with MAIN POST OFFICE. Situated in a parade, excellent trading position, residential area ESSEX.

IMPRESSIVE & SPACIOUS SALES SHOP in the region of 1,250 sq. ft. sales area. Refitted to a high standard at considerable expense approximately 5 years ago. Non-slip floor, suspended ceiling with concealed lighting. 2 air conditioning/heating units. Retail counter with 2 tills, EPOS scanning system, 2 open position Post Office counters plus 1 secure position with anti-bandit screen, 14 greeting card display stands with drawers, centre display gondolas, 1-2.75m open cool display unit (used for soft drinks), ice cream deep freezer (owned) etc.

Rear stockroom
Staff kitchen with sink
Staff w.c.

Turnover : WE ARE INFORMED the turnover currently averages £7,000 p.w. in our opinion offering tremendous potential for further development, especially with the introduction of additional groceries & with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Premises & Personal Licence. Wholesale newsbill £1,600 p.w. We understand the post office income is in the region of £52,000 p.a. We are further advised that the sales year ending 31st January, 2017 showed £250,537 with a gross profit of £97,671 (including post office income of £55,200).

SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Freehold : £650,000 (C8537)

Is accommodation included?:
The accommodation in the form of TWO SELF CONTAINED FLATS over DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

Flat A.

2 Bedrooms (1 large double, 1 additional double)
Bathroom with bath, w.c. & wash hand basin
Spacious lounge/dining Room approximate 25' long
Fitted kitchen/breakfast room

Flat B.

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. & wash hand basin
Large Lounge

We understand this flat is currently let on a shorthold tenancy and provides a rental income of £900 per month, however we are further advised that vacant possession can be given on completion, if required.
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