Shop for sale

Description

This is an exciting opportunity to acquire an established Newsagents in the highly regarded village of St Agnes on the North Cornish Coast. The business has been in the same family ownership for the past 35 years and has been run under management for the past 2 years. The property has the benefit of a 2 Bedroom apartment with separate access and as with the rest of the building requires modernisation.

The business is run by a team of highly experienced and trusted employees, with the shop currently trading 7 days a week from 7.30am - 4.30pm, selling a range of newspapers, magazines, stationary, greeting cards, tobacco, cigarettes and vapes. They also operate a paper round throughout the village and surrounding area.

The P&L for the year ending 31st January 2023 shows a turnover of £340,641 with full accounts only being made available subject to a viewing appointment.  

Retail Area

The shop which extends to approximately 600 sqft is equipped with a range of freestanding and wall mounted display fittings, bottle fridge, counter point with cash registers and a cigarette cabinet. To the rear of the shop are two store rooms.  

Owners Accommodation

The apartment has been unoccupied for a number of years and would now benefit from refurbishment/redecoration and comprises in brief, Sitting Room, Kitchen/Breakfast room, Bathroom, and 2 double bedrooms. The apartment can be accessed from the shop and has an external staircase from a courtyard at the rear.     

Stock 

To be taken at valuation, upon completion.

Consumer Protection from Unfair Trading Regulations 2008.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. Measurements are a guide only. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

ANTI-MONEY LAUNDERING REGULATIONS - Purchasers

It is a legal requirement that we receive verified identification from all buyers before a sale can be instructed. We ask for your cooperation on this matter to ensure there is no unnecessary delay in agreeing a sale. We will inform you of the process once your offer has been accepted.

PROOF OF FINANCE - Purchasers

Before agreeing a sale, we will require proof of your financial ability to purchase. Again, we ask for your cooperation on this matter to avoid any unnecessary delays in agreeing a sale and we will inform you of what we require prior to agreeing a sale.