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Retail premises for sale

£20,000

51 Old Church Street, Manchester M40

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Property description

Business
Hilton Smythe are welcoming to the market Euro News, a well-established newsagents shop located on Old Church Street, Manchester.

A fantastic opportunity for anyone looking to run their own business in the ever-growing city of Manchester. Our client took over the business 12 years ago but is now looking to pursue another business venture.

The turnover is generated from the sale of newspapers & magazines, tobacco products, chilled drinks, household items, pet food, general convenience items, confectionery, as well as pick and mix sweets to name a few. Our client currently opens 7 days a week.

The business is priced to sell and early viewing is advised to avoid disappointment.

Location
The business is located in Newton Heath, Greater Manchester.

The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. There are also several railway stations nearby, the closest being Newton Heath and Moston railway station just 7 minutes’ walk away.

The area is also well served by the a-roads, with the A6010 and the A62 being within easy driving distance of the business, which links to the M60 motorway network.
Premises
Single story premises.

Shop floor-

Counter with under counter shelving

Cigarette gantry

Confectionery stands

Till

Paypoint and Payzone

Ample shelving and display stands

Large greeting card stands

Slat wall paneling display and hooks

Magazine and newspaper rack

Central display stand

2 large drinks fridges

Store room-

Wall shelving and storage

Exit to rear yard and separate WC

The premise also has a CCTV system in place.
Tenure
We are advised the business is being sold as a leasehold opportunity.

Just over 4 years remaining on current lease, as of 2017.

Rent circa £9,600 per annum.
Hours
Current opening hours:

Monday – Saturday: 6.00am – 7.00pm

Sunday: 6.00am – 4.00pm
staff
Owner ran with 1 full time staff member.
Financial profile
The business reported a turnover for 2016 of approximately £260,000.

News sheet income £50,000 per annum

Payzone and Paypoint £78,000 per annum
extra notes
Current owner happy to offer a handover to ensure the continued success of the business.

What Zoopla users think of Newton Heath

Overall rating:

  • currently 3 stars
Good - 64% (28 ratings)

Ratings breakdown:

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

Rate Newton Heath:

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Community & safety
  • currently stars
  • 1
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
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  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
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  • 4
  • 5

Nearby transport

  • Moston (1.5 miles)
  • Ashburys (2.1 miles)
  • Gorton (2.3 miles)
  • Manchester International Airport (10.9 miles)
  • Liverpool John Lennon Airport (29.9 miles)
  • Leeds Bradford International Airport (33.0 miles)
  • Liverpool Belfast Ferry Terminal Bootle (34.2 miles)
  • Liverpool Pier Head Ferry Terminal (34.3 miles)
  • Liverpool Isle of Man & Dublin Terminal (34.3 miles)

Nearby schools

View all schools in Manchester
  • All Saints CofE Primary School (0.2 miles)
  • Christ The King RC Primary School Manchester (0.3 miles)
  • Briscoe Lane Academy (0.3 miles)
  • Connell Sixth Form College (1.6 miles)
  • Bridge College (2.0 miles)
  • The Manchester College (2.0 miles)
  • Spring Brook School (0.7 miles)
  • St Matthew's RC High School (1.2 miles)
  • Failsworth School (1.4 miles)
Note: Distances are straight line measurements

Local info for Manchester

About the neighbours in M40

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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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