Retail premises for sale in Ironmarket, Newcastle-Under-Lyme ST5

£49,995
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Retail premises for sale
Tenure: Not available Council tax band: Not available

Property description

Business
Please quote reference B05919

Hilton Smythe are delighted to present to the market, the News Shop, a very well-established traditional Newsagents with over 75 years trading history within the heart of this bustling Town.

The business has been in the hands of our client since 2009, who is now selling the business due to his other business interests.

The much-loved business attracts teachers, lecturers and students from the local University & College, local shop workers, nearby office workers shoppers & diners as well as core group of loyal customers who still receive a daily delivered newspaper.

Currently the shop offers the following goods & services –


  • Confectionery, crisps, cold drinks and juices

  • Ice cream, bagged sweets, cereal bars, chewing gum

  • Newspapers, magazines (including the delivery of 60 newspaper to local accounts)

  • Lottery, lottery cards, Payzone, mobile phone tops ups

  • Cigarettes, tabacco, lighter refills, stationery


There is also the potential to add the following goods & services –


  • Alcohol – beers, wines & sprits would be very popular

  • Parcel delivery & collection

  • More grocery, household good items

  • Children’s toys

  • Extending the current opening hours


Due to the size of the shop, it would be beneficial if any new owner investigates the possibility of adding a ‘Local Post Office’ counter to the business. We would also recommend general updating and reconfiguration of the current shop space to allow for more lines/services to be added.

Very rarely to newsagents of this standard come onto the open market and we therefore strongly recommend early viewing to avoid disappointment.

Location
The News Shop occupies a highly enviable trading position along the Ironmarket, situated within the heart of Newcastle-under-Lyme, Staffordshire.

Ironmarket is 1 of the major shopping/leisure streets leading into the Town’s busy roundabout which connects the A52, A53 (King st) and A527.

The News Shop is surrounded by many destination stores which include New Look, Scott’s Menswear, Vodafone, Home Bargains, Claire’s Accessories, Tony & Guy as well as major Pubs & Restaurants including Yates, George & Dragon, The Royal Orchid & Wetherspoons. We are advised the ‘Rare Lounge Bar & Steakhouse’ is a significant pull to this part of Town also.

Astley Walk Shopping Centre is located 2 mins left of the business and there are 2 main Council offices located either side – Newcastle-under-Lyme Borough Council and Staffordshire Council as well as the Magistrates Court, Justice centre.

Newcastle-under-Lyme is a popular Market Town which derives its name of a ‘New Castle’ dating back to the 12th century.

The mainline train station and bus station are within walking distance.

Premises
Ground Floor –


  • Raised service counter – includes cash register, card machine, payzone point, lottery terminal, storage shelving, cigarette gantry, display shelving to the rear wall.

  • Large open plan customer area – includes 3 x double fronted Coke Cola branded drinks fridges, 2 x further double fronted chillers, Walls ice cream freezer, lottery stand, 2x crisp stands, fixed confectionery shelving units, stationery shelving

  • Rear stockroom

  • Staff kitchen area/toilet



Tenure
We are advised the business is to be sold as a Leasehold with a 15 year lease in place with 7 years still remaining paying an annual rent of £18,600.

The business benefits from full small business relief on the business rates in the current year.

Hours
Monday – Saturday - 6.30am to 5.30pm
Sunday – 6.30am to 12.30pm

Staff
The business is run and manged by our client with the part time help of his daughter.

Financial Profile
As of the 2019 accounts, the business achieved a Turnover of £374,755 with an Operating profit of £49,250.

Please quote reference B05919

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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