Retail premises for sale in St James Street, Lancashire OL13

Fixed price £140,000 (£140,000/sq. ft)
1 sq. ft*
Interested in this property? Call +44 161 506 9323 * or Request Details

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Property features

  • Leasehold sale £40,000
  • Freehold sale £140,000
  • Rent in the region of £1100 pcm (leasehold sale)
  • EPC available
  • Prime Location
  • No chain. Owner ready to vacate
  • Living Accomodation

Property description

Simphi are delighted to welcome onto the market this well established newsagent business in a prime trading location in Bacup.
The business has been trading for over 20 years and has been under our clients’ ownership since 2006. It is only now being offered to the market due to our clients’ desire for a well-deserved rest.
The business occupies substantial premises in an ideal trading location on St James Street. The business is situated in the middle of the town centre and is also surrounded by densely populated residential areas, therefore benefitting from a very high volume of footfall and passing trade.

The towns’ main bus stand is across the road and therefore Bacup News thrives from commuters during all hours of the day.
It is particularly busy at the weekend as many commuters access the bus station to travel to neighbouring towns.

The business also benefits from ample on-street parking facilities to the front and back of the premises.

Premises

Currently operating from a large and substantial property. The business owners also own the freehold to the property and therefore any transfer of the lease will be smooth and quick.

This single fronted business has a large sign on the front door and front windows to identify itself from other businesses in the area.
There is further opportunity to convert the space and rooms upstairs into a rental accommodation. Our clients currently do not rent the flat upstairs and use it for personal use.

The business briefly comprises of the following:

Ground Floor – shop floor, large storage to the rear, and a small kitchenette area. There is also a WC at the rear.

First Floor (flat) – there is a large kitchen, 3 bedrooms, living area, and a bathroom.
There is also a separate access to the flat upstairs from the rear of the premises, however, this is currently not in use.

Tenure

The business currently operates rent free since our clients own the freehold. Rent and lease will be negotiated with the current business owners.

Trading Hours

Monday to Friday – 05:30 – 18:30
Saturday - 05:30 – 17:30
Sunday - 05:30 – 12:30pm
There is the opportunity to further increase the trading hours. Our clients’ daily commute to and from work is the reason the opening hours are what they are.

Staff
Bacup News is currently owner managed, both husband and wife run the business on a daily basis and are sometimes aided by family and friends as and when required.

Financial Profile

Turnover: £390,000 pa
Gross Profit: £60,000
Owners salary: £800pw
Utility costs: £460pm

Our clients also offer a wide range of other products, including; PayPoint, Lottery, Tobacco, giro service, Parcel return/collection, Newssheets and Confectionery.

There is also potential for the new owner to increase the turnover by adding Alcohol and Groceries to its range of products sold.

Nearby transport

  • Walsden (3.9 miles)
  • Todmorden (4.2 miles)
  • Littleborough (6.0 miles)
  • Manchester International Airport (24.3 miles)
  • Leeds Bradford International Airport (24.8 miles)
  • Blackpool International Airport (34.2 miles)
  • Knott End-On-Sea Ferry Landing (36.1 miles)
  • Fleetwood for Knott End Ferry Landing (36.4 miles)
  • Heysham Ferry Terminal (37.0 miles)

Nearby schools

View all schools in Rossendale
  • Bacup Thorn Primary School (0.3 miles)
  • St Mary's Roman Catholic Primary School, Bacup (0.4 miles)
  • Bacup St Saviour's Community Primary School (0.7 miles)
  • Rochdale Sixth Form College (6.1 miles)
  • Thomas Whitham Sixth Form (7.3 miles)
  • Oldham Sixth Form College (11.8 miles)
  • Fearns Community Sports College (1.7 miles)
  • Bacup and Rawtenstall Grammar School (2.0 miles)
  • Whitworth Community High School (3.2 miles)
Note: Distance is shown as a straight line measurement

Local info for Rossendale

About the neighbours in OL13

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Simphi Limited, BL1 on +44 161 506 9323 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Simphi Limited, and do not constitute property particulars. Please contact Simphi Limited 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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