Terraced house for sale in Scunthorpe DN16, 4 Bedroom

Reference - 46170

Description
This is an excellent opportunity to purchase a long established and well known newsagents/off licence situated in the popular Lincolnshire town of Scunthorpe.

Bellingham Stores occupies a prominent trading position on a busy parade of shops at the heart of a densely populated residential area, with no direct competition ensuring the business attracts high levels of regular local and passing trade throughout the day.

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.

Bellingham Stores operates from a highly visible, double fronted shop premises providing a versatile ground floor lock up retail space, which is neatly fitted with a good selection of fixtures and fittings.

Bellingham Stores retails a range of newspaper and magazine titles, tobacco products, confectionery, soft drinks, convenience and alcohol lines, as well as also offering Paypoint and an internal atm.

Bellingham Stores is a successful and lucrative business, yet currently only accepts cash payments and still offers genuine scope for future growth and improvement.

The business represents an excellent investment for an ambitious family unit who can introduce card payments, a wider range of stock lines such as dairy products, fresh foods etc, with the opportunity to extend the trading hours to capitalise on the off licence of the business. These enhancements will naturally increase the weekly sales, whilst ultimately enhancing overall profitability.

This is an excellent opportunity to purchase a successful business with a bright future and a viewing is strongly recommended to avoid disappointment.

Sales
Currently shop sales average £5,000 approximately.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday – Saturday 6:30 – 20:00
Sunday 09:00 – 18:00

Staff
Bellingham Stores is managed by the owners.

Building External
The business operates from a highly visible double fronted unit, which provides an excellent blend of spacious ground floor lock up retail space and versatile self contained living accommodation.

Building Internal
The spacious sales area is bright and airy creating a welcoming environment. The business is fitted to a high standard with a good range of fixtures and fittings. To the rear of the property there are two stockrooms and two storerooms.

Residential Accommodation
There are two self contained flats accessed via separate side entrances, which both comprise: A living room, kitchen, two double bedrooms and a bathroom.

Tenure
We are advised that the property is held on a 10 year lease which commenced in 2016. The annual rent is £7,200 exclusive (correct as advised on 27/02/18). 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 profitable business with fantastic potential for future growth, which represents an ideal purchase for an ambitious first time buyer. To avoid disappointment a viewing is recommended.