Reference - 48274
This is a rare opportunity to acquire a long established and well known newsagents, which is situated within the picturesque and desirable Derbyshire spa town of Buxton, in the Peak District National Park.
Buxton is a vibrant historical town with a wealth of charm and attractions, including the Pavilion Gardens, the Opera House and the country park with excellent shopping facilities, coffee shops, restaurants and a university campus.
High Street News, as the name suggests occupies a prime trading position on a busy main road parade amongst an abundance of retail and commercial premises, including several well known multiple outlets.
The town’s twice weekly outdoor market and car parks are within a short distance, ensuring the area is a hive of activity with continual footfall throughout the day. The business therefore attracts regular, local and passing trade from the large number of shoppers, workers and local residents who frequent the town on a daily basis.
Having successfully operated in the town for many years, this heavily relied upon business has forged strong relationships with the community and therefore boasts an extensive and loyal customer base.
High Street News operates from a highly visible and imposing double fronted three storey property providing a versatile ground floor retail space with the benefit of 3 bedroom self contained living accommodation.
High Street News retails a range of newspaper and magazine titles, tobacco products, confectionery, soft drinks, stationery, an extensive range of greetings cards, a photocopying service as well as offering the National Lottery and Payzone.
High Street News is a thriving and lucrative business yet is operated with a high level of staff involvement and therefore represents a terrific investment for an ambitious family unit, who can keep staffing levels and overheads to a minimum, enjoying the financial rewards a business of this nature generates quite literally on a daily basis
Currently shop sales average £9,500 approximately.
Weekly lottery sales approximate to £2,000
Payzone - £2,000
News Sheet £3,750 (retail)
Current records and accounts can be inspected when viewing.
Monday – Saturday 05:00 – 18:00
Sunday 06:00 – 13:00
Operated under management with 2 full time and 3 part time staff.
The highly visible and imposing double fronted three storey shop premises, offers an excellent blend of spacious ground floor retail space and a versatile self contained living accommodation.
The spacious sales area is bright and airy creating a welcoming environment. The business is fitted to a high standard with a range of modern, quality fixtures and fitments, including a two point epos system with a scanner facility, CCTV, numerous card racks and ample refrigeration space. To the rear of the property there is an office area, a safe room, stockroom and staff toilet.
This part of the property has not been inspected. We are advised the self contained living accommodation is accessed via a separate rear entrance and comprises a first floor living room with a feature fireplace and a bay window, a modern fitted kitchen and a utility area. The second floor provides a double bedroom, two single bedrooms and a family bathroom. Located within the attic there are two further rooms. Externally there is a double garage and a pleasant decked roof top patio. We understand the private living quarters are currently sub let at £460 per calendar month.
We are advised that the landlord will grant a new negotiable lease, term and rent to be agreed. The current annual rent is £18,000 exclusive (correct as advised on 02/02/21). We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
This is an excellent opportunity to purchase a well established and lucrative business with a bright future. To avoid disappointment, viewing is strongly recommended.