Bridge News, 2 Crown Square, Matlock, Derbyshire, DE4 3AT

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • L/H independent newsagents • Located in Matlock, popular with tourists • Advised weekly turnover c.£11,000 • Only open until 5pm (scope to open later) • Coffee shop inside (scope to increase trade) • Potential to add off licence. Energy Rating D • Christie & Co Ref: 5710860

Location: • Nearest Station: Matlock Station • Distance to Station: 0.1 miles

Agent Information: • Address: Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Full Description: DescriptionThe newsagents occupies the ground floor of this three-storey end of terraced property. The lease includes the ground floor, a first-floor office space to the rear and a basement. There are two bay windows that have views over the river Derwent. There is no parking included with the business.LocationBridge News is located in the historic town of Matlock in the Peak District next to the river Derwent. Matlock benefits from a train station with links to Derby and Sheffield and is on the A6 that links Derby to Manchester. The newsagents benefits from an excellent trading position within the town, located next to the river Derwent and the historic Matlock Bridge that carries the A6 over the Derwent. This bridge is a main thoroughfare in the town with high footfall that links the town centre with Dale Road where there are a number of popular bars and restaurants. It is opposite the former Crown buildings next to the main roundabout in the town centre. Matlock is popular with tourists all year round and is the largest town in the Derby Dales.Internal DetailsThe retail trading area extends to approximately 630 sq. ft including the coffee shop. NewsagentsThe trading area is divided by a central island gondola unit displaying a variety of confectionary items and sweets. There is also two free standing soft drinks fridges, and display shelving surrounding the edge of the trading area used to display magazines and newspapers with an ice cream freezer in one corner. A free-standing gift card display unit is next to the central gondola. A one position sales counter sits to the side of the trading area with a cigarette gantry behind. Coffee shopTo the rear of the news agents trading area there is a small seating area with approximately 10 covers and a small cake display unit. Next to the newsagent’s sales counter there is a coffee and food preparation area with a commercial Barista style coffee machine. This area has good views of the Derwent river. A door to the rear of the coffee shop leads to the ancillary areas including the basement.Barber shopThere is a separate door to the side of the newsagent’s sales counter that leads to a small barbershop that is sublet to a third party that is currently closed.Ancillary AreaThere is a door to the rear of the coffee shop area that leads to a small storeroom with a doorway leading down to the basement. The basement is not currently used by the owners but with some works could be in future. A staircase leads to a small first floor office and a staff WC.The OpportunityBridge News is an excellent opportunity for an owner operator to acquire a busy newsagents with an established local customer base, also benefiting from a seasonal uplift during the holidays and summer months. There is scope to extend the opening hours as the business is only open until 5pm due to the current owner’s circumstances. The Newsagents would also benefit from the addition of an alcohol licence and the introduction of a wider convenience food range and food to go.StaffThere is one full time member off staff and four part time members of staff. We can provide a full staff schedule upon request.Trading InformationWe are in receipt of profit and loss accounts to October 2021 that show a turnover of £588,155 producing a gross profit of £90,446.Trading HoursMonday to Saturday - 5am-5pmSunday (Summer) - 5am-4pm Sunday (Winter) - 5am-12pmTenureLock up only. Leasehold 1 year rolling with the option to renew the agreement and create a new lease with the landlord. Current rent £12,049.34 per annum. The Barber shop lease is is a rolling 1 year lease, with three months’ notice by either partyBusiness RatesThe Rateable Value from 01 April 2023 is £10,250Energy Performance CertificatesEPC 1