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Retail premises for sale

£39,999

34 - 36 Beatrice Road, Leicester LE3

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Property description

Business
Hilton Smythe is delighted to welcome to the market this well-established and busy newsagent and convenience store in Leicester. The business was established in 1985 and has been in our clients careful ownership since 2009. Only now is the business being offered to the market due to our clients desire for a well-deserved retirement. The business operates 6 days a week and generates as per the 2016 accounts reports turnover in the region of £234,000 per annum, with a gross profit of approximately 15%.

Our client offers a wide variety of items including newspapers/magazines, general convenience items, tobacco products, confectionery and greeting cards, to name a few, as well as being an off licence selling a wide variety of alcoholic beverages. The business also offers newspaper delivery within the area with 42 morning delivery rounds, as well as benefitting from a Lottery terminal and scratch card sales. The business has built up an enviable reputation within the area, which has resulted in a very loyal client base with a high volume of repeat trade.

The property benefits from a large sales and display area, which is well fitted to suit the trade, as well as a four bedroom flat to the first floor, although one of the bedrooms was originally a lounge area, which could be reinstated should a new owner desire. The flat could be used as owners accommodation or let out to generate further income.

We feel the turnover could be increased by extending the opening hours of the business. A new owner could also embark on a small marketing campaign to promote the business and the goods and services offered. This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Location
Charlies News occupies substantial two-storey premises, ideally located in a prime trading location in the city of Leicester in the East Midlands. The business is located on a very busy road within the city and benefits from a vast amount of footfall and passing trade. The property is surrounded by densely populated residential areas from which the business derives much of its trade. The business further benefits from on-street parking facilities to the front of the premises.

Leicester lies on the River Soar at the edge of the National Forest. In the 2011 census, the population of Leicester unitary authority was 330,000, making it the largest unitary authority in the East Midlands region. Leicester is the tenth largest city in the United Kingdom.

The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is approximately 3 miles away. The area is also well served by the a-roads, with the A563 being within easy driving distance of the property, which links to the vast a-road and motorway networks. Leicester City Centre is approximately 3 miles away and Loughborough is 13½ miles away.

Premises
Charlies News occupies substantial two-storey premises, ideally located in a prime trading location in the city of Leicester in the East Midlands. The business is located on a very busy road within the city and benefits from a vast amount of footfall and passing trade. The property is surrounded by densely populated residential areas from which the business derives much of its trade. The business further benefits from on-street parking facilities to the front of the premises.

Leicester lies on the River Soar at the edge of the National Forest. In the 2011 census, the population of Leicester unitary authority was 330,000, making it the largest unitary authority in the East Midlands region. Leicester is the tenth largest city in the United Kingdom.

The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is approximately 3 miles away. The area is also well served by the a-roads, with the A563 being within easy driving distance of the property, which links to the vast a-road and motorway networks. Leicester City Centre is approximately 3 miles away and Loughborough is 13½ miles away.

Tenure
We are advised Leasehold:

Original lease length: 21 years.
Remaining lease length: 16 years.
Review every: 5 years.
Rent: £1,333 per month

Hours
The business is open:

Monday – Saturday: 5.00am – 8.00pm
Sunday: 6.00am – 2.30pm

Staff
The business is owner run and managed with 2 x full time and 1 x part time staff members.

Financial Profile
The business operates 6 days a week and generates as per the 2016 accounts reports turnover in the region of £234,000 per annum, with a gross profit of approximately 15%.

What Zoopla users think of Leicester

Overall rating:

  • currently 4 stars
Very good - 76% (605 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Leicester (1.4 miles)
  • South Wigston (4.1 miles)
  • Syston (4.8 miles)
  • East Midlands Airport (15.1 miles)
  • Coventry Airport (23.3 miles)
  • Birmingham International Airport (28.2 miles)
  • West Lynn Ferry Landing (65.2 miles)
  • King's Lynn Ferry Landing (65.2 miles)
  • Hull Ferry Terminal (84.5 miles)

Nearby schools

View all schools in Leicester
  • Fosse Primary School (0.2 miles)
  • Inglehurst Junior School (0.3 miles)
  • Inglehurst Infant School (0.3 miles)
  • Groby Community College (3.7 miles)
  • Wigston College (4.3 miles)
  • Beauchamp College (5.0 miles)
  • English Martyrs Catholic School (0.7 miles)
  • West Gate School (0.8 miles)
  • Beaumont Leys School (1.0 mile)
Note: Distances are straight line measurements

Local info for Leicester

About the neighbours in LE3

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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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