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News Agent, Hertford, SG14

£210,000

£351.17 per sq ft

Business rates & charges may apply

Gilbert and Rose Commercial, Essex Commercial
SIZE AVAILABLE

598 sq ft

56 sq m

SECTOR

Convenience store for sale

Floor/Site plan 1
1

Description

A fantastic opportunity to acquire a well-established newsagents and off-licence, located in an affluent and sought-after area of Hertford. This business has been serving the local community for years, benefiting from a loyal and repeat customer base, with many regulars who have been shopping here for decades.
The business has a HND Paper round service which guarantees weekly income. There are 6 rounds with approximately 125 customers.

KEY FEATURES

Leasehold business with a 2-bedroom self-contained flat above – an incredible added asset!
Low rent of just £9,500 per annum – making this a highly cost-effective business opportunity
The flat is currently let on an AST at £900 per month (£10,800 per annum) – covering all of the rent leaving a profit!
Long-established business, with our client owing and operating the business for over 20 years
Profitable, with a strong turnover and consistent trade
Located in an affluent area, providing a steady flow of customers with good spending power

MASSIVE SCOPE TO INCREASE TURNOVER BY

Extending trading hours to maximise alcohol and convenience sales
Introducing a National Lottery terminal to attract more footfall
Adding parcel services such as UPS, Evri, or DPD drop-off to drive new customers
Exploring a Post Office counter – previously considered but never pursued
Expanding the greetings cards range and introducing additional high-margin products

This business is to remain a convenience/newsagent store and is a turnkey business opportunity, ideal for an owner-operator or a family-run enterprise, with an existing solid foundation and endless possibilities for expansion. RX567801

Location

The business is ideally located in a thriving retail parade, surrounded by a densely populated residential area. It sits among a diverse mix of complementary businesses, including a pharmacy, hair salon, and café, ensuring a steady flow of foot traffic. Additionally, the premises benefit from convenient free parking bays directly in front of the shop, making it easily accessible for customers.

Tenure

Approximately 15 years unexpired on the lease at a current rent of £9,500 per annum exclusive. The 2 bed flat above is currently let on an AST at a rental of £900 per calendar month (£10,800 per annum) so effectively the business does not pay any net rent after collecting the rent from the flat.

Trading Hours

6am - 5 pm Monday - Saturday, 7:30 am - 12 pm Sunday. We understand the premises is Licenced for the sale of alcohol from 7 am - 7 pm.

Staff

The business is run by the vendor on a full time basis, with the assistance from family members, and one morning member of staff that works 7 am - 11 am.

Turnover

We are advised Turnover averages £7,000 per week. Full financial information can be disclosed to seriously interested applicants, following a viewing of the business.

Business Rates

The premises is subject to a rateable value of £9,300 resulting in zero business rates payable, should small business rate relief apply to a purchaser.

Legal Costs

Each party to be responsible for their own, with the landlords legal cost be split 50/50.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.

News Agent, Hertford, SG14

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hertford North Station0.2 miles
  • Hertford East Station0.9 miles
  • Ware Station2.8 miles

About Gilbert and Rose Commercial, Essex Commercial

1333-1335 London Road, Leigh-On-Sea, SS9 2AD

Gilbert & Rose Business Transfer and Commercial Property Sales and Lettings

Gilbert & Rose is a respected and well-established name in the real estate industry, renowned for our expertise in Residential Sales and Lettings. Building on our success in this area, we have expanded our services to encompass business transfer and commercial property sales and lettings. As part of this strategic expansion, we have recently partnered with Bradleys Countrywide Limited, a highly regarded company with over sixty years of experience in commercial business transfer within Essex, Hertfordshire, and Suffolk.

By combining our strengths and leveraging the extensive knowledge and database of our merger partner, we possess unparalleled access to comparable evidence. This enables us to provide accurate valuations and deliver successful business sales for our clients. Our marketing approach is comprehensive and innovative, utilizing a range of powerful tools such as video marketing, professional photography (including drone shots), and virtual tours. We conduct extensive marketing and advertising campaigns, leveraging the reach of the largest business and residential property websites, alongside our own constantly updated platform. We understand the importance of maintaining confidentiality in certain cases, and we offer tailored advertising solutions to meet the specific requirements of our clients.

At Gilbert & Rose, transparency is at the heart of everything we do. Our fees are competitive and transparent, with no hidden charges, and payment is only required upon the successful completion of a transaction. We take pride in providing expert advice and guidance to our clients, whether they are ready to sell or simply seeking information. Our dedicated team is committed to exploring the best options available to suit your individual needs, ensuring that you can make well-informed decisions throughout the process.

Whether you are looking to buy, sell, or lease a property, we invite you to contact us for any further information you may require. At Gilbert & Rose, our commitment to delivering exceptional service is unwavering. We are here to assist you every step of the way on your real estate journey. Get in touch with us today and let us help you achieve your goals with confidence and success.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference RX567801. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Gilbert and Rose Commercial, Essex Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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