Commercial property for sale in Peterborough

DescriptionA rare opportunity to acquire a privately owned and operated newsagents with potential to increase trade by extending the opening hours. This ideal first time buyer opportunity offers an established and loyal customer base, with further residential development taking place in the immediate area. The store also offers ample, free customer parking at the front of the store. Additional services include lottery and scratch cards and more recently, PayPoint, Yodel and Amazon parcel collection services, bill payments and mobile top-ups. LocationLocated within a purpose built parade of shops, Nina's Newsagent is situated on Lawson Avenue itself, which is on the main route through the estate. Based within the heart of this community and surrounded by residential housing with the local primary school nearby. The store is within commutable access via the A1139, providing access into Peterborough City centre and also dual carriage way access heading north up the A1. Internal DetailsThe business has a mainly open plan sales area of approximately 50sqm (538sqft) and is fitted and equipped for the sale of convenience goods, alcohol, tobacco and cigarettes, confectionery, cold drinks, stationary, newspapers and magazines. The free standing till is located at the rear of the store surrounded by well stocked fitted shelving. Fixtures & FittingsWe are advised by our clients that the fixtures and fittings are wholly owned and will be included within the sale. External DetailsThere is ample, free customer parking located at the front of the store. The OpportunityThe store has traded for 12 years under the current ownership, they acquired the business in 2010 and have enjoyed the success since. Business is mainly derived from the sale of newspapers and magazines, alongside traditional convenience goods such as confectionary, snacks and soft drinks. However, with an off-licence permit recently granted, there is further potential to increase the areas of sales into alcohol and tobacco. There is further potential to increase trade via the means of longer opening hours, particularly on weekdays StaffThe business is run with the assistance of full and part time members of staff. The Transfer of Undertakings Protection of Employment (TUPE) regulations shall apply to all employees, requiring purchasers to offer continuity of employment to all staff. Trading InformationAccounts for the period ended 31/03/2023 show sales of £181,242 and a gross profit of £47,238. Further and more detailed trading information will be made available to interested parties following a viewing of the business. Trading HoursMonday - Saturday: 5:00am - 5:00pm Sunday: 5:00am - 12:30pm Business RatesThe VOA web portal states that the current Rateable Value from 1st April 2023 is £7,400. Energy Performance Certificates EPC 1

Commercial property for sale in Peterborough, England

Convenience store for sale

Description

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