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Property Listing Details

Retail premises for sale

Walkden Street, Mansfield NG18

  • Business for sale

£9,995

Property details

Listing view statistics

Last 30 days: 25 page views

Since listed: 160 page views

Description

Ref 6136 – Leasehold Counter Newsagents
Blacks Brokers are proud to bring to the market this leasehold newsagents located in a busy and much sought-after area of Mansfield, Nottinghamshire.
Introduction

Areeb News has been trading on Walkden Street as part of the Rosemary Centre since 2006 with our client in ownership since 2017. During that time, it has firmly established itself within the local community and within this business sector, gaining a good base of local customers in addition to plenty of passing trade.
Location

Situated within the town centre, this business is well positioned close to many other local businesses and shops. The area is popular with shoppers, other local workers and residents. Parking is available in the immediate area and public transport links are good.
Reason for sale

The business is only being offered for sale due to our client’s other business interests.
Lease

The current lease is 7 years and began in 2015 at a cost of £106 per week.
Building layout and design

Areeb News is housed within a small, open fronted kiosk unit within a purpose-built shopping area. Signage is displayed to the front of the unit (this shows as “Slacks News”) and there is a retail area filled with magazines and newspapers to the front of the kiosk. Each area is finished to a high standard with good quality fixtures and fittings in place. A full inventory is available on request.
Staff

The business is currently operating with only our client in employment and no additional members of staff.
Financial details

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annual turnover of £160,000 with gross profits of £32,000 and net profits of £22,000.
Summary

This leasehold proposition offers a new owner a good opportunity to acquire this busy shop with scope for expansion into other goods sales. The unit is well-positioned within a well-known shopping area. Early viewings are very strongly advised. Business: £9,995.

Please quote ref: 6136

Map & Nearby

Local Amenities

  • Mansfield 0.2 miles
  • Mansfield Woodhouse 1.1 miles
  • St Philip Neri With St Bede Catholic Voluntary Academy 0.3 miles
  • REAL Alternative Provision School (SEN) 0.4 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Mansfield 0.2 miles
  • Mansfield Woodhouse 1.1 miles
  • St Philip Neri With St Bede Catholic Voluntary Academy 0.3 miles
  • REAL Alternative Provision School (SEN) 0.4 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Blacks Business Brokers. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information.