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Retail premises for sale

£49,995

6 Eastgate, Pickering YO18

Interested in this property? Call +44 1204 351867 * or

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Property description

Business
Hilton Smythe are proud to introduce to the market Eastgate News, the busy well stocked local newsagents has been established since the 1980’s.

This beautiful double fronted property has been successfully run and managed by our clients since 2007. They are now reluctantly selling the business due to a well-deserved retirement.

The store generates an advised healthy turnover of £250,000 per annum, from selling a wide variety of products like magazines, greetings cards, cigarettes, confectionary and other conveniences.

They do also offer paypoint/payzone, scratchcards and news sheets There has recently been a lottery terminal fitted.

Throughout March to October the business offers a delivery service on weekends, for newspapers etc. To a well-established caravan site. They also currently run a delivery service to local residents around Pickering.

This premises have been fitted to a high standard, and certainly looks its part within this fantastic affluent town. We advise a husband and wife team to take over at this business, to help build and flourish this business even further.

Location
Eastgate News is ideally located in the bustling town centre of North Yorkshire.

This business is within the town centre Eastgate in Pickering, surrounded by complimentary businesses, like the restaurants next-door and within walking distance is rows of stone built houses. This store is in perfect setting within this well-known tourist town and with free street parking, this store thrives from the busy footfall of the area.

There is a bus route at the front of the property, which goes through to Leeds City Centre or in the opposite direction Whitby.
Premises
This well signed ground floor terraced property, is always well kept.

The main shop area is reasonably sized and fitted with a serving counter cigarette gantry. The shop is fully equipped with perimeter shelving, card displays, magazine racks, centre shelving display, drinks fridges and freezer. There is also a coffee machine in the store, however that is on lease.

In the back of the store there is a toilet and also a store cupboard.

At the front of the shop is spaces for parking along the street.
Tenure
We are advised that the business is a leasehold

Original length of lease 20 years

Remaining years of lease 15 years

Rent £2,040 per quarter
hours
Business opening times

Monday-Saturday: 5am-6pm

Sunday: 5am-2pm
staff
The wife and husband team run and manage the business.
Financial profile
We are advised the turnover for the business is around £250,000

What Zoopla users think of Pickering

Overall rating:

  • currently 3.5 stars
Good - 75% (13 ratings)

Ratings breakdown:

  • currently stars
Community & safety
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Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
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Community & safety
  • currently stars
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Entertainment & nightlife
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Parks & recreation
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  • 1
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Restaurants & shopping
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  • 1
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Schools & public services
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Transport & travel
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Nearby transport

  • Malton (7.7 miles)
  • Egton (13.5 miles)
  • Grosmont (13.5 miles)
  • Durham Tees Valley Airport (32.2 miles)
  • Leeds Bradford International Airport (44.5 miles)
  • Humberside Airport (49.3 miles)
  • Transporter Bridge South Side (29.9 miles)
  • Transporter Bridge North Side (29.9 miles)
  • Hull Ferry Terminal (40.0 miles)

Nearby schools

View all schools in Ryedale
  • Pickering Community Infant School (0.2 miles)
  • Pickering Community Junior School (0.6 miles)
  • St Joseph's Roman Catholic Primary School, Pickering (0.7 miles)
  • Ampleforth College (12.9 miles)
  • Scarborough Sixth Form College (14.0 miles)
  • Scarborough University Technical College (14.7 miles)
  • Lady Lumley's School (0.7 miles)
  • Malton School (7.4 miles)
  • Welburn Hall School (7.4 miles)
Note: Distances are straight line measurements

Local info for Ryedale

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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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