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Newsagents With 3 Bedroom Home Growing Town, E.sussex For Sale

Polegate, East Sussex, UK
Asking Price:
£325,000 Furniture / Fixtures included
Sales Revenue:
£240,000
Cash Flow:
Available on request

Long est in good trading position in High St of busy expanding town near Eastbourne. Current T/O in excess £240,000+pa (c.£4,700pw) from trading 6am-5.30pm Mon-Fri, 6am-4pm on Sat & 7am-12midday Sun, with lots of scope to increase hrs or introduce convenience, etc. Owners recently introduced lottery. Includes self-contained 3 bedroom maisonette over 2 floors above, plus own garage and a further garage rented for storage. Sells cards, confect, cigs, etc + 12 news rounds (8 paperboys). Run by owners with 1 pt-timer 2 days weekly. Retirement sale. Guide Price £325,000-£350,000 + stock.

Property Information

Property:

Freehold

Living Accommodation:

Outside stairs from the rear of the property provide completely self-contained access to the private living accommodation which is over 2 floors above the shop.

The stairs lead to an outside patio area with small conservatory/porch and access to the self-contained flat which includes a fitted kitchen/dining room which has an attractive laminate flooring and fitted wooden kitchen units with hob & oven, and double doors to the lounge which has two windows looking over the front and is also fitted with the same attractive laminate flooring.

From the lounge a door leads to a small hall area and stairs lead up to the second floor which has 3 bedrooms and a bathroom with bath with shower over, WC and wash hand basin. As stated earlier, there is a garage included in the Freehold and a further garage which is rented.

The property is centrally heated and double glazed throughout and could very easily be rented separately for additional income, if not required by the new owners.

Location:

The premises are situated in the centre of the High Street of an attractive town in East Sussex. It is close to both nearby on street parking & public car parks, and the train station, with bus stops also nearby with regular services to other nearby Sussex towns. It is a mainly residential area with a good mixture of retail, hospitality and light industrial businesses.

We also understand that there are plans for more residential development nearby which would increase the size of the town and it also has a busy commuter railway station with regular trains to the Sussex coast and London, and the whole area is rapidly growing with further on-going residential development.

Premises Details:

The property is situated on a corner site in the High Street with the owners self-contained 3 bedroom home on two floors above.

There are prominent advertising displays on the front and side of the premises and the shop is well fitted with displays of cards, confectionery, papers, magazines, cigarettes and a small selection of bread products including pies and sausages rolls.

There is a well fitted rear store and staff WC, and a rear yard at the back for bin storage. There are also two garages, one is rented out for storage and the second owned and used for marking papers for the delivery rounds.

Energy Performance Rating:
D

Business Operation

Reasons for selling:

Retirement

Trading hours:

Trading hours are 6.00am-5.30pm Monday to Friday, and from 6.00am-4.00pm on Saturdays & 7.00am-12.00noon on Sundays.

Employees:
The business is run by the current owners with one part-time staff member working two days a week and 8 paper boy/girls who cover the 12 news delivery rounds.
Years established:
The shop is long established, well known and regarded, and the present owners have run the business for last 7 years and are now planning to retire.

Other Information

Home based:
This business can be run from home.

Contact Adams & Co

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