05/0615, Newsagents For Sale

5 Clyde Square, West of Scotland, Scotland , Greenock, PA15 1NB

About the property

The business has been a successful newsagent for the last 30 years. The current owners have operated the business for the last 23 years and have decided to place it on the market due to ill health.

Although the business is profitable and trading well, there is scope to increase sales and profits with the addition of food/coffee to go, to take advantage of the council offices opposite (see photo below) and above the unit.

The business stocks a selection of convenience/ grocery items including cigarettes, newspapers, magazines, confectionery, soft drinks, greeting cards and a selection of fancy goods/toys.

Turnover

£4,000 per week

Net Profit

Undisclosed

Internal Details

The unit is well designed and has a large open plan sales area with a sales counter on the left hand side, shelving and refrigeration throughout. There is a store, kitchen and WC to the rear of the property.

The property extends to a Net Internal Area of approximately 894sq.ft, all on the ground floor.

Location

The business is located on Clyde Square, a pedestrianized square adjacent to the Oak Mall Shopping Centre. There is ample parking for customers and deliveries behind the unit.
Nearby occupiers include Oak Mall Shopping Centre, Inverclyde Council Offices, Community Centre, Community Care Forum, Council Disability Ltd.

Business Hours

Mon - Sat: 8.30am – 5.30pm
Sun: Closed

Legal Fees

Each party will be responsible for their own legal costs incurred in the transaction.

Financial Information

Turnover: £4,000 per week
Profit: Undisclosed

Tenure

We have been advised the rental payable is £9,500+vat per annum and there is long lease available.

Business Rates

The property is entered in the current Valuation Roll as having a Rateable Value of £9,400.
Subject to qualification, it is assumed that a new tenant would be eligible for 100% Small Business Rates Relief.

Viewing & Further Information

*STAFF UNAWARE*
Strictly by contacting the sole agents:-

Jindy Aujla
Clyde Business Sales
McCormick House
50 Darnley Street
Glasgow
G41 2SE

0141 387 2188
0788 760 4449
Email: jindy@clydecommercial.com

Map & Directions

Additional Information

Ref #: 05/0615
Location: 5 Clyde Square, West of Scotland, Scotland , Greenock, PA15 1NB
Category: Convenience Stores
Property type: Leasehold
Total viewing: 1395
Parking:
Property document

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Contact details

Name Jindy Aujla
Address 50 Darnley Street Pollokshields Glasgow - G41 2SE
State/Province Scotland
Country United Kingdom
Phone:
0141 387 2188
Mobile:
0788 760 4449