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Retail premises for sale

£52,500

Unit 1, Middlesbrough TS1

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Property description

Business
Hilton Smythe is delighted to welcome to the market this well-established and popular newsagent business, ideally located within Middlesbrough town centre.

The business was originally established in the 1980’s and has been in our client’s careful ownership since 2013. Only now is the business being offered to the market due to our client’s other business interests. The newsagent operates 7 days per week and generates a turnover in the region of £292,000, with a gross profit of approximately 25% as per 2016 accounts.

Our client offers a variety of goods including newspapers and magazines, confectionery, soft drinks, snacks, greeting cards, tobacco products, lottery, Paypoint facilities and alcohol, to name a few. The property boasts a spacious sales and display area, which is very well maintained and presented. To the rear of the property is an office area and store room.

The business has built up an excellent reputation within the town for the high quality of the goods and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours and offering evening trade. A new owner could also expand on the convenience and off licence range of products. There is also scope to introduce a newspaper delivery service to the many offices within the area.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Location
Toms News occupies substantial ground floor premises, ideally located within the town centre of Middlesbrough, North Yorkshire. The business is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade. The newsagent is directly opposite the council offices and there are office blocks and student accommodation nearby.

Middlesbrough is a large industrial town on the south bank of the River Tees in North Yorkshire. According to the 2011 census, the town had a residential population of 138,400. Middlesbrough is situated right next to the North York Moors, the Cleveland Way and one of the North East’s most famous landmarks, Roseberry Topping, which offers spectacular 360 degree views.

The area of the business is well served by the public transport service, with a bus stop directly outside the property. Middlesbrough railway station is just a 5 minute walk away. The area is also well served by the a-roads, with the A66 being just a short drive away, which links to the national a-road and motorway networks. Stockton-On-Tees is approximately 6½ miles away and Darlington is 16 miles away.
Premises
Substantial ground floor premises, ideally located within Middlesbrough town centre, briefly comprising:

Main sales and display area with:

Newspaper and magazine display area.

Greeting card display.

Central display units.

Drink chiller units.

Ice cream freezer.

Long confectionery display.

Serve over counter with electronic cash register, scratch card display, Lottery terminal and Paypoint facilities.

Cigarette gantry and alcohol display to rear of counter.

To the rear is a small office and store room.

Stairs to sub level with kitchen, WC and delivery access.

External:

Very well presented and signed.

The property has CCTV and is fully alarmed.
Tenure
We are advised Leasehold:

Original lease length: 10 years

Remaining lease length: 7 years

Rent: £1,250 per month.
Hours
The business is open:

Monday – Friday: 6.30am – 6.00pm

Saturday – Sunday: 7.00am – 6.00pm
staff
The business is owner run and managed with 4 x part time staff members.
Financial profile
The business generates a turnover in the region of £292,000 per annum, with a gross profit of approximately 25% as per 2016 accounts.

What Zoopla users think of Middlesbrough

Overall rating:

  • currently 3.5 stars
Good - 65% (137 ratings)

Ratings breakdown:

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Nearby transport

  • Middlesbrough (0.2 miles)
  • James Cook University Hospital (2.0 miles)
  • South Bank (2.3 miles)
  • Durham Tees Valley Airport (9.2 miles)
  • Newcastle Airport (36.9 miles)
  • Leeds Bradford International Airport (52.1 miles)
  • Transporter Bridge South Side (0.5 miles)
  • Transporter Bridge North Side (0.7 miles)
  • Newcastle International Ferry Terminal (30.1 miles)

Nearby schools

View all schools in Middlesbrough
  • Abingdon Primary School (0.4 miles)
  • Newport Primary School (0.7 miles)
  • Breckon Hill Primary School (0.7 miles)
  • Middlesbrough College (0.3 miles)
  • Cleveland College of Art and Design (1.7 miles)
  • River Tees High Academy (1.9 miles)
  • Macmillan Academy (1.4 miles)
  • Keys 7 Ks (1.5 miles)
  • Hollis Academy (1.9 miles)
Note: Distances are straight line measurements

Local info for Middlesbrough

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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