Newsagent In Chester For Sale

Business description

Prime City Centre Location
WT £5,000 GP 19%
Flexible Living Accommodation
Present occupier 23 plus years - Retirement Sale
Huge Potential
Leasehold

This is a newsagents with general convenience store items which is situated just outside the main shopping centre of Chester. The shop was well presented at the time of our visit and is situated together with a number of other retail shops which includes a sandwich bar, American golf shop, motorcycle shop, Blockbusters and many others. This is a mixed area of commercial businesses , offices and residential properties and apartments which also includes luxury riverside property. The business benefits from free roadside parking.

The owners advise that planning application has been submitted for a 150 bed hotel nearby together with offices and a Waitrose store. They consider that this would bring additional business to the shop which already enjoys takings of £5,000 per week and a gross profit of 19%. The rent for the premises is £9,250 per annum which includes the first and second floor accommodation with toilet and shower room. This is a former flat which is now used for storage but may be suitable as living accommodation with two bedrooms subject to obtaining any necessary consents. The shop also has Payzone, phone top ups and the Health Lottery.

Blacks consider this to be good opportunity to purchase a well established business in a busy area with the possible option of accommodation above and which has now become available due to the planned retirement of the owners. Early viewing is recommended.

Property information

Property:

Leasehold