41a High Street
Cowes
Isle Of Wight
PO31 7RS
The Arcade, Cowes
£89,000
Shop
- ESTABLISHED BUSINESS
- BUSY THOROUGHFARE
- GOING CONCERN
- CENTRAL COWES
- EXTENSIVE PAPER ROUND
- SERVING THE LOCAL COMMUNITY
- NEW LEASE AVAILABLE SUBJECT TO NEGOTIATION
- AVAILABLE DUE TO RETIREMENT
As it says on the sign, Everything you would expect and more ! This long established newsagents is truly a part of the local community serving a very large customer base including commuters who pass the frontage on their way to the high speed passenger service to Southampton. Retailing a large variety of products including cigarettes, snacks, milk, sweets, giftware/tourist products, lottery tickets, newspapers and off licence products are amongst the range of goods available. The present owners have grown the turnover during their ownership and are only selling due to retirement. Also included in the sale is a substantial local customer base for newspaper deliveries in Cowes and Gurnard. A business opportunity not to be missed with room to grow further.
Main Shop
21'7" x 11'9"Well lit with large glazed frontage to the arcade and entrance door. Fitted throughout with lots of shelving and display units including counter service area and modern refrigeration display units. Opening to the rear leading to:-
Office/Stock Room
15'9" x 12'8"With Kitchen and office area off. Fitted stainless steel sink unit with mixer tap over. Ample work surfaces for sorting newspapers and space for parcel pick up and drop off.
Separate low level WC.
Tenure
Leasehold. Current rental £8000 PA. The current lease rolling forward is due for a new assignment and we understand the current freeholder is happy to offer this.
Stock at valuation and allowance for newspaper invoices/due settlement required.
Energy Performance Certificate
Energy Rating D (88)
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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