Property description

NEWSAGENTS/OFF LICENCE. WIRRAL. Residential area. Established business. High turnover. Very well presented. 3 Bedroom flat. Leasehold. Price: £85,000. Ref: FR2279.

Location:
The business is situated in a prominent position on New Chester Road (A41) one of the main arterial routes on the Wirral. The property is located in a densely populated residential area and benefits from roadside parking.

Business Profile:
Newsagents/Off Licence selling newspapers, magazines, lottery, Paypoint, general items, wines, spirits and beers.

Business History:
This well located newsagency was established in 1914 and the vendor has been trading for 12 years. The vendors are now seeking to retire.

Financial Profile:
The vendors will be able to provide accounts for the business and will be pleased to discuss all the financial aspects of the business with prospective buyers.

Tenure:
Leasehold. By way of a new fully repairing & insuring lease at an annual rental of £15,600. Frobishers have not examined any lease documentation and a buyer must arrange for their solicitor to verify that this information is correct.

Business Rates:
The following information has been obtained from the VOA website: Rateable value £2,850. Rates payable £1,311. Small business rates relief may be claimable upon application.

Accommodation:
Shop: 33' 6'' x 13' 1 (10.20m x 3.98m).Kitchen: 14' 6'' x 16' 8 (4.42m x 5.08m).Storage: 8' 1'' x 7' 4 (2.46m x 2.23m).

Flat:
The flat was well presented at the time of our visit and comprises:Three bedrooms, bathroom with living room/kitchen located to the ground floor. Access to the flat is by internal staircase from the rear of the property.

Price:
£85,000 for the goodwill, fixtures and fittings plus SAV.

Legal Costs:
A prospective purchaser will be responsible for the preparation and completion of the lease.

Viewings:
For further information please contact:Saleem MohammedEmail: saleem@frobishersuk.comTel: 0151 601 9394

Property Features :

• Residential area
• Established business
• High turnover
• Very well presented
• 3 Bedroom flat