Retail premises for sale in Station Square, Harrogate HG1

Retail premises for sale
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Property description

Hilton Smythe are delighted to welcome to the market this well-established and busy newsagent business, which is ideally located within the centre of Harrogate, North Yorkshire.

The old established business has been in our clients’ careful ownership since 2001 and is only now, reluctantly, being offered to the market due to our clients’ other business interests. The newsagent operates 7 days per week and generates a turnover in the region of £319,000 per annum, with a gross profit of approximately 20% as per 2015 accounts.

Our clients offer a variety of goods including newspapers, magazines, greeting cards, confectionery, crisps, soft drinks, tobacco products, scratch cards, a ups parcel service and a few convenience items. We are advised that our clients have been approved to offer the National Lottery, the install date for the terminal is after November 2015.

The Lottery generates an income of £1,000 per week.

The business has built up an excellent reputation within the area for the high quality of service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth referrals.

We feel the turnover could be increase by extending the opening hours, perhaps by remaining open later into the evening. A new owner could also expand on the sale of convenience items or embark on a modest marketing campaign.

We feel this is an excellent opportunity for a new owner to take this already thriving and busy business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Station News occupies substantial ground floor premises, ideally located in a prime trading location within the centre of Harrogate, North Yorkshire. The property is surrounded by a wealth of complimentary shops and businesses, therefore the newsagent benefits from a very high volume of footfall and passing trade. The business further benefits from good public parking facilities within the area.

Harrogate is a spa town and popular tourist destination in North Yorkshire. Attractions within the town include its spa waters and the Royal Horticultural Society’s Harlow Carr Gardens. The town makes an excellent base for tourists visiting the beautiful Yorkshire Dales National Park and the Nidderdale Area of Outstanding Natural Beauty. Since 2013, polls have consistently voted the town as ‘the happiest place to live’ in Britain.

The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the property. Harrogate Railway Station is just a one minute walk away. The area is also well-served by the a-roads, with the business being located just off the A61, which links to the national a-road and motorway networks. The city of York is approximately 22½ miles away and Skipton is 22 miles away.

Double fronted, ground floor lock-up premises, briefly comprising:

Main sales and display area with:

Serve over counter with electronic cash register, electronic weighing scales and rear tobacco gantry.
Suspended ceiling.
Air conditioning unit.
Coca Cola drink chiller unit.
Lucozade drink chiller unit.
Double door drink chiller unit.
Single door drink chiller unit.
Newspaper and magazine display stands.
Greeting card display spinner.
Confectionery displays.
Crisp display stand.
Ice cream freezer.

Rear stockroom/office area, partly shelved.

We are advised Leasehold:

Original lease length: 20 years
Remaining lease length: 3 and a half years
Review every: 5 years
Rent: £16,000 per annum

The business is open:

Monday – Saturday: 6.00am – 6.00pm
Sunday: 7.00am – 4.00pm

The business is owner run with 1 x part time staff member.

Financial Profile
The business generates a turnover in the region of £271,000 per annum, with a gross profit of approximately 20% as per 2016 accounts.

The Lottery generates an income of £1,000 per week.

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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