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Retail premises for sale

£17,995

Mansfield NG18, UK

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Property 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. Property: £17,995.

Please quote ref: 6136

Property info

What Zoopla users think of Mansfield

Overall rating:

  • currently 4 stars
Very good - 76% (108 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
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  • currently 4 stars
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  • currently 4 stars
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  • currently 0 stars
  • 4
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  • currently 0 stars
  • 4
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  • currently 0 stars
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Nearby transport

  • Mansfield (0.2 miles)
  • Mansfield Woodhouse (1.1 miles)
  • Sutton Parkway (2.8 miles)
  • East Midlands Airport (22.3 miles)
  • Robin Hood Airport (24.2 miles)
  • Humberside Airport (46.0 miles)
  • Hull Ferry Terminal (56.4 miles)
  • West Lynn Ferry Landing (71.5 miles)
  • King's Lynn Ferry Landing (71.7 miles)

Nearby schools

View all schools in Mansfield
  • St Philip Neri With St Bede Catholic Voluntary Academy (0.3 miles)
  • Sutton Road Primary School (0.5 miles)
  • King Edward Primary School (0.6 miles)
  • Unity Academy (12.8 miles)
  • Nottingham University Academy of Science and Technology (14.2 miles)
  • Channeling Positivity (14.4 miles)
  • All Saints Catholic Voluntary Academy (0.7 miles)
  • Queen Elizabeth Academy (0.7 miles)
  • The Brunts Academy (0.8 miles)
Note: Distances are straight line measurements

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Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers 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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