10/1015, Newsagents For Sale

10 Wallace Street, West of Scotland, Scotland , Glasgow, G73 2SA

About the property

The business has been a successful newsagent for over 30 years. The current owners have operated the business for the last 9 years and have decided to place it on the market due to retirement.

Although the business is profitable and trading well, there is scope to increase sales and profits with local advertising and some modernisation of fixtures and fittings inside the unit.

The business stocks a selection of convenience/ grocery items including cigarettes, newspapers, magazines, confectionery, soft drinks, greeting cards, fancy goods/toys and has the National Lottery, Paypoint and ATM services.

Turnover

£4,000

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 790sq.ft, all on the ground floor.

Location

The business is located on Wallace Street, adjacent to the Mill Street (A730), a main road in Rutherglen. There is ample on street parking for customers and deliveries.
There is a mix of industrial units and residential houses in the area.
Nearby occupiers include Hamilton Family Baker, Warnock Butcher, Rutherglen Community Carers and Cathkin Inn Bar.

Business Hours

Mon - Sat: 6am – 7.30pm
Sun: 7am – 2pm

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 £5,700 per annum and there is 3 years left unexpired on the lease.

Business Rates

The property is entered in the current Valuation Roll as having a Rateable Value of £6,000.
Subject to qualification, it is assumed that a new tenant would be eligible for 100% Small Business Rates Relief.

Viewing & Further Information

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 #: 10/1015
Location: 10 Wallace Street, West of Scotland, Scotland , Glasgow, G73 2SA
Category: Convenience Stores
Property type: Leasehold
Total viewing: 1412
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