121/1215, City Centre Convenience Store For Sale

121 Wellington Street, West of Scotland, Scotland , Glasgow, G2 2XT

About the property

Newsbox has been established for 15 years. Although the business is trading well, due to other business interests the owners have placed this business on the market.

Although the business is profitable, there is scope to increase sales and profits with promoting the business through local, online advertising and introducing food to go.

The business stocks a selection of convenience/grocery items including cigarettes, newspapers, magazines, confectionery and soft drinks. The business offers Paypoint and Lotto services also.

The business has great scope to increase sales and profits with the introduction of tea/coffee and food to go.

Turnover

£5,000 per week

Net Profit

Undisclosed

Internal Details

The unit is well designed with an open plan sales area with a sales counter to the back of the unit, with 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 580sq.ft, all on the ground floor.

Location

The shop is located on the North East side of Wellington Street, near to the junction of West Regent Street. The unit is within the commercial centre of Glasgow and is close to all city centre amenities. The unit is surrounded primarily by office accommodation.
The business benefits from on street parking and public transport is easily accessible.
Nearby occupiers include bars, restaurants and office blocks.

Business Hours

Mon – Fri: 7am-7pm

Legal Fees

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

Financial Information

Turnover: £5,000 per week
Profit: Undisclosed

Tenure

We have been advised the rental payable is £15,000 per annum and there is 10 years remaining unexpired on the lease.

Business Rates

The property is entered in the current Valuation Roll as having a Rateable Value of £11,700.
Subject to qualification, it is assumed that a new tenant would be eligible for 50% 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 #: 121/1215
Location: 121 Wellington Street, West of Scotland, Scotland , Glasgow, G2 2XT
Category: Convenience Stores
Property type: Leasehold
Total viewing: 1143
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