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Exceptional Setting Opposite Large NHS Establishment
Further Residential Properties Planned for the Area
Projected Turnover (2019/20) £156,000
Projected Turnover GP (2019/20) £39,000
Accounts Available Only After Viewing
Large Double-Fronted with Parking Outside
Ideal Opportunity to Live and Work in this Area
No Immediate Competition
Well Established - Current Owner 30 Years
Viewing By Appointment Only
EPC - C
Blacks Brokers are pleased to bring to the market this long-established, busy and profitable freehold newsagents business and investment property in Whittingham, Preston.
Vaughans of Whittingham is a popular and busy newsagents business housed within an exceptional investment property in the ever popular area of Whittingham in Preston. The business has been open here since the 1920’s and our client has been at the helm for 30 years. Both the property and the business are very much part of the local community in this sought after area. Offered for sale due to retirement, this is a most exciting opportunity for a new owner to acquire a sensational property, business and village lifestyle.
Cumeragh Lane is the main road through this village and the property is located opposite a large NHS Hospital specialising in mental health care (Approximately 2000 Staff), giving the business strong repeat custom from staff, visitors and also patients. There is no direct competition in the immediate area and a new housing development (new build by Taylor Wimpey with circa 650 houses) is being built currently close by with potential future plans for an infant school additionally. There are also four high schools and three junior schools in the area which all provide much passing trade.
The property itself is a large, double fronted, detached property within a charming residential area. It was built in 1904 and still exudes some of that early 1900’s charm. There is unrestricted roadside parking at the front and a private area for owner parking. To the rear of the property is a large, well-manicured garden and a garage. The business is housed within the ground floor of the property with well stocked shelving and display stands, with a till and serving counter to the rear of the shop floor. The business is bringing consistent weekly takings of £3,000 and there is scope to expand into alcohol sales and new product lines, or even change the nature of the business completely, if preferred.
Financial Details - The Projected Turnover (2019/20) is consistent with previous years at £156,000 and a Projected Turnover GP (2019/20) £39,000. This is currently run as a lifestyle business, and there is an opportunity to expand the opening hours to increase revenue
To the rear of is the kitchen which leads to the living room and utility room. On the first floor, there are two double bedrooms and one single bedroom with a family bathroom. All areas are well presented with tasteful decor and a homely feel and atmosphere.
This opportunity is one of a kind and we advise viewings, by appointment as soon as possible.
MON - FRI: 06:30 - 17:00
SAT: 06:30 - 12:30
SUN: 06:30 - 10:30
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