Freehold Newsagent And Convenience Store Located In Densely Populated Residential Area With Three Bed Maisonette Above - Lowestoft, Suffolk For Sale

Business description

FREEHOLD NEWSAGENT AND CONVENIENCE STORE LOCATED IN DENSELY POPULATED RESIDENTIAL AREA WITH THREE BED MAISONETTE ABOVE - LOWESTOFT, SUFFOLK Located within a busy parade of shops within a densely populated residential area, this newsagent and convenience good store with off licence, must be viewed to be fully appreciated. The shop benefits from a three bedroom maisonette above and holds a well established and excellent reputation within the local area. The premises benefits from a regular heavy daily footfall and the added advantage of ample car parking to the front. There are 10 delivery round with the paperboys being on a bonus system which minimises mistakes. TENURE: Freehold Turnover: We are advised that the business currently boasts a turnover of around £5,700 per week with a news bill of £1,400. Premises Comprise: Double front customer entrance leads directly into main retail area of the shop. The shop area itself, which is approximately 760 sq ft, has been well refurbished and maintained by the current vendors. To the immediate right aspect are racking provisions for convenience products and the greeting cards and accessories. To the immediate left hand aspect of the building are the newspaper and magazine racking. Additionally, there are two upright drink fridges further to the left aspect. The shop area is serviced by full air conditioning. The shop area provides space for a one and a half metre chiller and another three upright chillers. The counter area is to the rear of the sales area. Further to the rear of the premises is a good size stock room with WC facilities, kitchenette area, and stock area with racking and shelving provisions. Rear exit leads to small yard area at the rear with provisions for two car parking spaces. The shop has a full off-licence that has opening hours of between 6pm and 11pm. Accommodation: Above the shop is a three bedroom maisonette and although not seen at the time of inspection contains kitchen, lounge, and bathroom area. There are three double bedrooms and the accommodation is currently rented on a short hold tenancy for £390 per calendar month.

Property information

Property:

Freehold

Lease terms:

Tenure: The business is currently available on a Freehold basis.