Retail premises for sale in Henderson Road, South Shields NE34

Summary

Business for Sale!

The subject ground floor retail premises is occupied and traded by 'Simpsons News'. The business currently a business that serves the community with over 7 active paper rounds and in store the sales of lottery, cigerettes and day to day shopping. This business is at the heart of the community. Accounts available upon serious interest.

Location

The subject property is well located along Henderson Road. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 3.1 miles from South Shields town centre and approximately 9.2 miles from Newcastle city centre.

Accommodation

Shop 7.6m x 5m, store 4.4 x 3, kitchen 1.7m x 2.5m, WC. NIA: 56.2m2 (605 sq ft).

Business Details

The business currently trading as 'Simpsons News' is enjoying healthy profits with a turnover exceeding 130k. The business benefits from lottery, ciggarette and day to day snack sales, the business specialises in customer service around the area and has 3 x morning newspaper rounds, 1 x afternoon round and 3 x weekend rounds.
Business opening times - Monday - Saturday 06:30 - 18:00, Sunday 06:30 - 12:00.
Accounts can be made available upon serious interest.

Lease Details

We are verbally advised that our client is paying a rent of 216 pcm (2,592 per annum).
Our client has advised they are currently holding over on their lease terms and any new business owner will agree new terms with South Tyneside Local Authority.

Rateable Value

The adopted rateable value is 3,300 as of 1st April 2017.

Sourced from voa.

EPC

Available upon request (rating C).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.