Retail premises for sale in The Garth, Blaydon NE21

£99,950 (£63.78/sq. ft)
Retail premises for sale 146 sq. m*
Interested in this property? Call +44 1904 918748 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Well established business
  • Close to local amenities
  • Popular town location
  • Convenience, off licence & newsagent business
  • Rental income from offices upstairs £1,200 per month
  • Weekly sales £14,000
  • Good commissions on services

Property description

A well established convenience store, newsagent & off licence leasehold business for sale in Blaydon near Newcastle-upon-Tyne.

Business

This well established business has a loyal customer base derived from its firmly rooted values in good friendly customer service. The shop has a regular news round which delivers newspapers to the community. Located in a densely populated area of the town, the shop is well positioned in the community and central to a hub of numerous other local businesses and amenities.
Upstairs area consists of a large and three room suites and three more offices, two toilets and a kitchen. Rental income is approximately £1,200 per calendar month.

The shop floor comprises of a good sized trading area and re-fitted to a high standard 2 x 2m open chillers, a 2m chest freezer and display gondolas. Ancillary areas include an office space, 3 stockrooms, W.C. And rear delivery access. The business further benefits from car parking outside the shop. The business has been established since 1937 and run by the current owners’ family since.

New terms will be available on application for the leasehold.

Accommodation
No accommodation option available.

Shop Dimensions
Trading Area: 97.7 m² (1,052 ft²)
Stockroom Area: 47.9 m² (515 ft²)

Freehold Price
£180,000

Weekly Sales
£14,000

Rental income from offices upstairs
£1,200 per month

Business Rates
Current rateable value £7,100
(Business rates relief available please see below *)
* Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay

Fixtures & Fittings Approximate Value
£20,000

Accounts Available
5 years

Annual Net Profit
Available on Request

Further Details
Premises Licence
The premises has a licence to sell alcohol

Employees
Owner & 6 members of staff

Annual Commissions on Services
Lottery £8,300
Parcel Collection £1,200
Paypoint £1,200
Cash Machine £924

Stock Value Estimated
£30,000 – £35,000

Trading Hours
Monday – Saturday 6:30 am – 7:30 pm
Sunday 7:00 am – 7:00 pm

Key Features
• Well established business
• Close to local amenities
• Popular town location
• Established for over 80 yrs

Location
The business is located in the centre of Blaydon-on-Tyne situated next to other local businesses and local amenities.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
A1 BUSINESSES FOR SALE, YO10 on +44 1904 918748 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by A1 BUSINESSES FOR SALE, and do not constitute property particulars. Please contact A1 BUSINESSES FOR SALE for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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