Retail premises for sale in Ramsey Road, St. Ives, Huntingdon PE27

Retail premises for sale
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Property description

Please quote reference 14774

Hilton Smythe welcomes to the market Whateleys Newsagents and Post Office, which has been owned by our client, who is looking to retire, for over 30 years.

Whateleys is a traditional newsagents and post office located in a high footfall residential area in St. Ives.

The business comes with a first floor 2 bedroom flat, which is currently let on an Assured Shorthold Tenancy at £8100 per annum.

The business has a Facebook page with 4.7* reviews but does not have a website, which leaves some scope for development.

The is the option of increasing the rent slightly on the flat to improve turnover.

Hilton Smythe highly advise early viewing to avoid disappointment.

Whateleys Newsagents and Post Office is located in a well populated residential area of St. Ives, Cambridgeshire.

There is parking on the road directly outside and further parking on a side road approximately 30 yards away with a parking area.

The shop is entered off the main road and has shelving for:-
Further central 5 tier grocery shelving
Drinks display fridge

The counter serves both the newsagent and the post office and has the till and lottery machine.
Behind the counter is the stock room, safe, kitchen and staff toilet facilities.

The premises has a CCTV system

We are advised the business is being sold as a leasehold business opportunity with a 5 year lease from Septmeber 2020 and an annual rent of £17,500, which includes the flat.

Monday- Friday: 6.30am – 6pm
Saturday: 6.30am – 4pm
Sunday: 6.30am – 12 noon

The business is run and managed by our client, with the help of 1 x part time and 3 x full time members of staff.

Financial Profile
Whateleys generated an advised turnover of circa £333,823 as of the 2020 accounts.
Plus a Post Office income of circa £33,000 and annual rent form the flat of £8,100

Please quote reference 14774

Arrange Viewing

For more information about this property, please contact
Hilton Smythe Business Sales, 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 Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales 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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