Retail premises for sale in Bilston, West Midlands WV14

£60,000
Retail premises for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Well established & lucrative Counter Newsagents
  • Prime town centre position amongst multiples
  • 2019 Lottery and Paypoint £20,384
  • 6 days only, well fitted inc epos, CCTV, air conditioning, spacious lock up unit

Property description

Reference - 47847

Description
This is a rare and exciting opportunity to purchase a long established and well-known newsagents/greetings card outlet, which is situated in the bustling and popular town of Bilston in Wolverhampton.

Supernewz occupies a prime town centre trading position within a busy shopping precinct situated amongst numerous well know, major high street multiple retailer with ample customer parking in the vicinity.

The area is subsequently a hive of activity with high levels of footfall throughout the day, generating both regular local and passing trade.

Having successfully operated in the town for many years, this heavily relied upon business has forged strong relationships with the local community and therefore boasts an extensive and loyal customer base.
Supernewz operates from a highly visible and imposing double fronted premises, providing deceptively spacious and versatile lock up business accommodation.

The business is fitted to a high standard with a range of good quality, modern fixtures and fittings including a two-point epos system, CCTV and air conditioning.

Supernewz retails a range of newspaper and magazine titles, confectionary, tobacco and soft drinks as well as offering the National Lottery and Payzone.Supernewz is a thriving and extremely lucrative business which therefore represents a terrific investment for an ambitious owner who can enjoy the financial rewards a business of this calibre generates quite literally on a daily basis.

To fully appreciate this first-class business opportunity, viewing is highly recommended to avoid disappointment.

Sales
Currently shop sales average £17,000-£18,000 approximately.

Lotto
lottery sales £4,000-£5,000.
News Sheet – £1750, Paypoint – £3,000-£4,000

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday – Saturday
07:30 – 17:00

Staff
Managed by the owners with 2 part time staff.

Building External
The highly visible and imposing double fronted shop unit provides deceptively spacious and versatile lock up business accommodation.

Building Internal
The good size sales area is bright and airy, creating a welcoming environment. The business is fitted to a high standard with a range of quality, modern fixtures and fittings including a two-point epos system, CCTV and air conditioning. To the rear of the building there is a large stockroom and staff toilet.

Residential Accomodation
There is no residential accommodation for owners/management available.

Tenure
We are advised that the property is held on a 5 year lease which commenced in 2018. The annual rent is £22,500 exclusive (correct as advised on 26/05/20). Rent reviews are at 5 yearly intervals.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
This is an excellent opportunity to purchase a well established and lucrative business with a bright and exciting future. To avoid disappointment, a viewing is strongly recommended.

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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (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 Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer 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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