Retail premises for sale in Front Street, Chester-Le-Street DH3

Fixed price £39,950 (£27.48/sq. ft)
Retail premises for sale 1,454 sq. ft*
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

  • Leasehold £39,950
  • Established Newsagent
  • Potential for Alternative Use
  • High Street Location
  • Open Plan Trading Area
  • Renewable Lease
  • Premises Licence could be introduced

Property description

An opportunity to acquire this sizeable newsagent and card shop retail unit ideally positioned prominently on the high street of Chester-le-Street in County Durham.

Business

A very well established newsagent and card shop with a loyal customer base on a central high street location in Chester-le-Street . The business has a large sized shop floor trading area of 1,200 sq/ft and lends itself to good potential to expand product range through the introduction of convenience and off licence goods. Lottery commissions are approximately £20,000 per year with a loyal customer base. The business is up for sale due to a change in the owners circumstances.

Open plan trading area with new fixtures and fittings. Recently a new £7,000 five metre open dairy chiller cabinet, new epos till system, new shelving, CCTV system and security door have been fitted.

There is the opportunity for a new owner to further develop the business and capitalise on its location and lack of direct competition.

Shop Dimensions

Shop Trading Area: 111.4 m² (1,200 ft²)
Stockroom Area: 23.2² ( 254ft²)

Financial Information
Leasehold Price
£39,950

Weekly Sales
£8,000

Annual Business Rent
£21,750

Business Rates
Current rateable value £17,000
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£15,000

Accounts
Available on Request

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
No Premises Licence

Current Lease Term
Lease expiration 27/11/2027 (Renewable)

Employees
Currently 4 full time/part time employees

Commissions on Services
£2,000 per month

Stock Value Estimated
£20,000

Trading Hours
Monday – Saturday 7:30 pm – 5:30 pm
Sunday Closed

Key Features
• High Street Location

• Open Plan Trading Area

• Well Established Business

• Renewable Lease

• No Premises Licence

* 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)

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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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