Retail premises for sale in Cedar Road, Newcastle Upon Tyne NE4

Fixed price £425,000 (£164.52/sq. ft)
Retail premises for sale 240 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

  • Freehold property £425,000
  • Car parking outside the shop
  • Dense residential and student area
  • Established for over 40 years
  • Retirement sale

Property description

Great opportunity to buy this convenience store & off licence with attached spacious 4 bedroom property and additional 1 bedroom property to the side and garden & garage to the rear.

Business

The property is located in the Fenham area of Newcastle upon Tyne to the west of the city centre. Long established business close to the city centre and populated within a dense residential and student area with schools and local amenities nearby. Situated on a busy main road with car parking outside the shop.

Trading area comprises 2m chest freezer, 4 x 1 m drinks chiller, 2 m chiller and separate kitchen & WC. The business has been run by the current owner since 1981. The sale is due to retirement by the current owners

Accommodation

The main accommodation comprises of a very spacious 4 bedroom 2 storey house. A doorway from the shop leads to the living room and onto a large kitchen area to the rear of the property. The stairs lead up to the landing and onto a further lounge and dining area and the 4 bedrooms. The 1 bedroom accommodation to the right side of the building compromises of a bedroom, lounge, bathroom with W.C. And kitchen. To the rear of the kitchen there is a door leading to the garden area which houses a garage.

Please contact us for further information on the accommodation.

Shop Dimensions

Trading Area 97.4m² (f²)
Stockroom Area 8m² (f²) with rear access

Main Accommodation Dimensions

First Floor
Living Room 20.9m² (225 f²)
Kitchen 27.4m² (295 f²)
Bedroom 8.3m² (89.3 f²)

Second Floor
Living Room 20.4m² (219.6 f²)
Kitchen 11.5m² (123.8 f²)
Bedroom 18.2 m² (195.9f²)
Bedroom 13.9 m² (149.6 f²)

Bedroom 8.3m² (89.3 f²)
WC 1.27 m² (13.7 f²)
Bathroom 5.1m² (54.9 f²)

Secondary Accommodation Dimensions

1 Bedroom Property Details Available on Request

Financial Information
Freehold Price (Business & Property)
£425,000

Weekly Sales
£9,000

Business Rates
Current rateable value £7,800
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£15,000

Accounts Available
3 years

Annual Net Profit
Available on request

Gross Profit Margin
20%

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) Click here for more information

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

Employees
Owner run business

Commissions on Services
£600/month

Stock Value Estimated
£25,000

Trading Hours
Monday to Friday: 7:00am-7:30pm
Saturday 8:00am- 8:00pm
Sunday 8:00am - 4:00pm

Key Features
• Freehold business
• 4 bedroom accommodation
• Additional 1 bedroom accommodation
• Car parking outside the shop
• Dense residential and student area
• Established for nearly 40 yrs

Location
The property is located in Fenham of Newcastle upon Tyne to the west of the city centre. The area has a large number of students and close to the Town Moor. The property is located within a residential area.

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

Arrange Viewing

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

Contact A1 BUSINESSES FOR SALE about this property

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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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