Key Features:
- Freehold with 3-bed flat
- £7k-£8k weekly sales
- Prime town centre spot
- Flat rental £700-£750 pcm
- Lottery & off licence
- Parking for 2 cars
Telegraph News Shop sits in a solid position right by The Foundry Shopping Centre, Scunthorpe's main retail hub. The centre draws strong, consistent footfall throughout the week with a mix of national and independent retailers. It's proper town centre trading, not tucked away on a back street.
Scunthorpe itself is a sizeable industrial town with a population of over 80,000 and a wide surrounding catchment. There are ongoing town centre improvement schemes and regeneration projects aimed at strengthening the core retail area, which supports long-term trading stability.
The shop operates as a traditional newsagent and off-licence and is currently achieving weekly sales in the region of £7,000 - £8,000. Income streams include National Lottery, scratch cards and two established paper rounds. It's steady, dependable trade with clear scope to modernise the offer and increase average basket spend.
Above the shop is a self-contained three-bedroom duplex flat with its own entrance and a gated yard providing parking for two vehicles. The flat could realistically achieve £700 - £750 per calendar month if let, creating a second income stream alongside the shop.
The owners have run the business since 2017 and are now retiring. This is a genuine freehold opportunity with accommodation, sensible turnover and obvious room to improve.
Key points:
Freehold convenience store with residential accommodationWeekly sales circa £7,000 - £8,000Positioned adjacent to The Foundry Shopping CentreOff licence, National Lottery, scratch cards and newsroundTwo established paper roundsThree-bedroom duplex flat with separate accessGated yard with parking for two carsPotential rental income £700 - £750 pcmScope to expand convenience range and increase marginsEstablished town centre trading position
Offers around £239,950 + SAV | Ref: T-------G
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