A very well established Newsagents in the centre of the thriving West Cornish town of Camborne which has a resident population of circa 21,000. The property is available with a new 7 year lease at a commencing rental of £6,000 per annum.
Cross Street News is situated just moments from the heart of the thriving market town of Camborne which has a resident population of circa 20,000. The business has been operated by our clients for more than 10 years and is concerned with the sales of newspapers, magazines, tobacco, confectionery, soft drinks etc.
Our clients choose to operate the business 7 days a week with opening hours of 6am to 5.30pm Monday to Friday, 6am to 1pm on Saturdays and 6am to 12 noon on Sundays. They enjoy one of the largest news bills within the county (approximately 25 paper rounds) and currently employ approximately 18 paper boys and girls and service not only Camborne but many of the outlying villages.
Accounts for the year ending 30th June 2016 show a turnover of £349,621 which resulted in an adjusted net profit in the region of £20,000 after deducting the commencing rental of £6,000.
The business is now available for sale owing to a change of our clients personal circumstances and it is felt that there is scope for growing the business through extending the aforementioned opening hours and through the introduction of lottery sales and possibly through obtaining an Off Licence.
6.25m x 4.21m. Fitted with a range of display racking and shelving. Double bottle fridge, ice cream freezer, further bottle fridge, sweet counter, cigarette cabinet, electronic cash register and coffee machine. Doorway through to:-
4.88m x 2.52m. With a range of shelving and store room (the store room will be converted to a WC upon the completion of the transaction)
The premises are available by way of a new 7 year proportional repairing and insuring lease at a commencing rental of £6,000 per annum which is payable quarterly in advance and is subject to 3 yearly rent reviews.
For further information or an appointment to view please contact:-
Paul Collins on or via email
General Enquiries Planning
The Energy Performance Rating for this property is within Band D.
An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.
We refer you to the valuation office website or call
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: South West Water: Transco:
To be taken at valuation
All the above prices/rentals are quoted exclusive of VAT, where applicable.
Plans: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.
Agents note: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.
Miller Commercial is the trading name of Miller Commercial llp registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial llp is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial llp. VAT Registration No.
viewing: Strictly by prior appointment through Miller Commercial.