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Property Listing Details

Property details

  • 4 bedrooms
  • 2 bathrooms
  • 2 reception rooms

Features

  • Leasehold
  • Well established newsagents/off licence/convenience store
  • Busy parade, densely populated residential area, low overheads
  • Weekly turnover £5,000, news sheet £250, paypoint £4,000, fantastic growth potential
  • Neatly fitted, 2 x 2 bed self contained flats, ideal 1st time buyer, viewing recommended

Listing view statistics

Last 30 days: 425 page views

Since listed: 7073 page views

Description

Reference - 46170

Description
This is an excellent opportunity to purchase a long established and well known newsagents/off licence situated in the popular Lincolnshire town of Scunthorpe.

Bellingham Stores occupies a prominent trading position on a busy parade of shops at the heart of a densely populated residential area, with no direct competition ensuring the business attracts high levels of regular local and passing trade throughout the day.

Having successfully operated in the locality for many years, this heavily relied upon business has forged strong relationships with the community and therefore boasts an extensive and loyal customer base.

Bellingham Stores operates from a highly visible, double fronted shop premises providing a versatile ground floor lock up retail space, which is neatly fitted with a good selection of fixtures and fittings.

Bellingham Stores retails a range of newspaper and magazine titles, tobacco products, confectionery, soft drinks, convenience and alcohol lines, as well as also offering Paypoint and an internal atm.

Bellingham Stores is a successful and lucrative business, yet currently only accepts cash payments and still offers genuine scope for future growth and improvement.

The business represents an excellent investment for an ambitious family unit who can introduce card payments, a wider range of stock lines such as dairy products, fresh foods etc, with the opportunity to extend the trading hours to capitalise on the off licence of the business. These enhancements will naturally increase the weekly sales, whilst ultimately enhancing overall profitability.

This is an excellent opportunity to purchase a successful business with a bright future and a viewing is strongly recommended to avoid disappointment.

Sales
Currently shop sales average £5,000 approximately.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday – Saturday 6:30 – 20:00
Sunday 09:00 – 18:00

Staff
Bellingham Stores is managed by the owners.

Building External
The business operates from a highly visible double fronted unit, which provides an excellent blend of spacious ground floor lock up retail space and versatile self contained living accommodation.

Building Internal
The spacious sales area is bright and airy creating a welcoming environment. The business is fitted to a high standard with a good range of fixtures and fittings. To the rear of the property there are two stockrooms and two storerooms.

Residential Accommodation
There are two self contained flats accessed via separate side entrances, which both comprise: A living room, kitchen, two double bedrooms and a bathroom.

Tenure
We are advised that the property is held on a 10 year lease which commenced in 2016. The annual rent is £7,200 exclusive (correct as advised on 27/02/18). Rent reviews are at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
This is an excellent opportunity to purchase a profitable business with fantastic potential for future growth, which represents an ideal purchase for an ambitious first time buyer. To avoid disappointment a viewing is recommended.

You could get

Ultrafast broadband Ultrafast broadband

Up to 200 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Scunthorpe 1.5 miles
  • Althorpe 4.4 miles
  • St Luke's Primary School (SEN) 0.4 miles
  • St Bernadette's Catholic Primary Voluntary Academy 0.4 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Scunthorpe 1.5 miles
  • Althorpe 4.4 miles
  • St Luke's Primary School (SEN) 0.4 miles
  • St Bernadette's Catholic Primary Voluntary Academy 0.4 miles

Market stats

Sale activity

Average estimated value for a house in DN16:

  • £102,801
  • Price decrease

  • -£5,558
  • (-5.129%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £100,526
  • Properties sold

    47

Rental opportunities

Looking for an investment? The average rent for a 4 bedroom house in DN16 is currently:

£676 pcm

Recent sales nearby

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Estimated running costs

Based on available 3rd party data

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The Agent

Price history

Sold prices provided by Land Registry
12th Jul 2019 £49,999 Price reduced by £5,001
9th Aug 2018 £55,000 Price reduced by £4,950
25th Jul 2018 £59,950 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Kings Business Transfer. 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 Kings Business Transfer for full details and further information.