Terraced house for sale in Leek ST13, 2 Bedroom

Leek, Leek, UK

Quick Summary

Property Type:
Terraced house
Status:
For sale
Price
£ 55,000
Beds:
2
Baths:
1
Recepts:
1
County
Staffordshire
Town
Leek
Outcode
ST13
Location
Leek, Staffordshire ST13
Marketed By:
Kings Business Transfer
Posted
2018-12-25
ST13 Rating:
1 2 3 4 5





More Info?
Please contact Kings Business Transfer on 01772 913303 or Request Details

Property Description

Reference - 45669

Description
This is a rare opportunity to acquire a long established and well known Newsagents which is situated within the picturesque Staffordshire town of Leek.

Leek is a vibrant historical town with a wealth of charm and attractions with excellent shopping facilities, coffee shops and restaurants.

The business occupies a prime trading position on a busy main street in the centre of the town with a high level of footfall throughout the day and night. Surrounding the centre is a well populated residential area.

Having successfully operated in the locality for many years, this heavily relied upon business has forged strong relationships with the community and therefore boasts an extensive and loyal customer base.

Retailing a range of newspaper and magazine titles, tobacco products, confectionery, soft drinks, greeting cards as well as also offering the National Lottery.

This is a thriving and lucrative business, and represents an excellent investment for an ambitious family unit who can introduce a wider range of stock lines with the opportunity to introduce extended trading hours and range reviews. These enhancements could significantly increase the weekly sales whilst enabling additional staffing levels and overheads to a minimum therefore enhancing overall profitability.

This is a rare opportunity to purchase a successful business which is located in sought after area. Only now being offered for sale due to retirement, viewing is strongly recommended at the earliest opportunity to avoid disappointment.

Sales
Currently shop sales average £6,980 approximately per week.

Lotto
Weekly lottery sales approximate to £3,000

Other
News Sheet £2,500

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday, Tuesday and Saturday 08:00 – 17:00
Wednesday and Friday 08:00 – 17:30
Thursday 08:00 – 16:30

Staff
Managed by the owners and 1 part time staff.

Building External
The substantial mid terraced property offers an excellent blend of ground floor lock up and first floor office space.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Building Internal
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 fittings. To the rear of the property there is a W/C and storage area and access to the first floor office space and additional storage.

Residential
Two bedroom flat available which is currenly undergoing refurbishment.

Tenure
We are advised that the property is held on a 10 year lease which commenced in 2009. The annual rent is £17,000 exclusive (correct as advised on 03/07/17). Rent reviews are at 5 yearly intervals.

Business Rates approx 7500 a year

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 acquire a thriving business which is located in such a great position. The business is only now being offered for sale due to retirement and a viewing is highly recommended.

Property Location

Marketed by Kings Business Transfer



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