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Watling Street Road, Fulwood, Preston, Lancashire,, Preston, PR2 8AD

1,100 Sq Ft / Retail / General Retail

For Sale - £320,000.00

Available - Last updated: 17 December 2019

LOCATION:

The business is located in a parade on Watling Street Road in the Fulwood area in Preston also close by are Brookfield Park, Lancashire Infantry Museum & Deepdale Football Stadium home to Preston North End. The business is located close to local school & highly densely populated residential area.

BUSINESS:

he business was established over 40 years ago and only now is being offered to the market due to the owner retiring. The newsagents/convenience store/Off License is open 7 days a week and generates an excellent turnover and gross profit. The business has a very loyal customer base and benefits from a vast amount of repeat trade. We feel the turnover could be increased by extending the opening hours as well as hands on hardworking members of the team. This is an excellent opportunity for a new owner to take this thriving and profitable business to the next level, therefore early viewing is highly recommended to avoid disappointment.

DESCRIPTION:

The turnover is generated from the sale of newspapers and magazines as well as general grocery items, tobacco products, alcohol, fresh fruit and vegetables and confectionary. The business also benefits from Payzone and Lottery terminals and the sale of lotto scratch cards. A full refurbishment was undertaken in early 2012 and was completed to a high standard with good quality fixtures and fittings in place including: Counter and EPOS till, Shelving, 3 x Display Fridges, 2 x Freezers, Magazine Racking, Suspended Ceiling with LED lights, CCTV System and Coffee Machine. Business has large retail area with three large storage area and office

USES:

A1/A2

TENURE:

Freehold £320,000

BUSINESS RATES:

Nil. However, all interested parties are encouraged to make their own enquiries with local authority

SIZE:

Approximately 1100 sq ft

OPENING HOURS:

Monday - Saturday 07:00 a.m - 21:00 p.m and Sunday 08:00 a.m - 20:00 p.m

STAFF:

Owner managed with 3 part time staff

UPPER PARTS:

Three-bedroom residential space above (separate entrance)

TURNOVER:

We are advised that the yearly turnover is approximately £520,000 per annum

ACCOUNTS:

Available in request

LEGAL COST:

Each party bear their own legal cost

LOCAL AUTHORITY:

Preston

REFERENCE CHARGE:

London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord.

HOLDING DEPOSIT:

A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client accounts

FIXTURE & FITTINGS:

Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE:

London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS:

Through London Properties by appointment only

Location

The business is located in a parade on Watling Street Road in the Fulwood area in Preston also close by are Brookfield Park, Lancashire Infantry Museum & Deepdale Football Stadium home to Preston North End. The business is located close to local school & highly densely populated residential area.
The turnover is generated from the sale of newspapers and magazines as well as general grocery items, tobacco products, alcohol, fresh fruit and vegetables and confectionary. The business also benefits from Payzone and Lottery terminals and the sale of lotto scratch cards. A full refurbishment was undertaken in early 2012 and was completed to a high standard with good quality fixtures and fittings in place including: Counter and EPOS till, Shelving, 3 x Display Fridges, 2 x Freezers, Magazine Racking, Suspended Ceiling with LED lights, CCTV System and Coffee Machine. Business has large retail area with three large storage area and office

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Established newsagents/convenience store/Off License on Watling Street Road For Sale Freehold £320,000.00 NA

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London Properties

020 3151 7463



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