Retail premises for sale in Mountbatten, Hebburn NE31

Fixed price £24,950 (£16.98/sq. ft)
Retail premises for sale 137 sq. m*
Interested in this property? Call +44 1904 918748 * or Request Details

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Property features

  • Leasehold opportunity
  • Leasehold £24,950
  • Low council rent
  • Excellent location
  • Opportunity to develop business
  • Located within a residential area
  • Fully fitted business

Property description

A council lease convenience & off licence business located in Hebburn, Tyne and Wear situated within a residential area with no direct competition.

Business

This long established business is within a residential area in Hebburn nr Jarrow close to public transport links and recreational institutions . The shop benefits from being central to a residential area within a hub of other small businesses, with ample car parking outside and no direct competition.

The business has a generous sized shop floor with open plan trading area. Well equipped with modern shelving system. Fixtures & fittings include a 3 x 1.2m double door drinks chiller and 2m open chiller, 2.5 m chest freezer and 2 ice cream freezers. The business has services which include National Lottery, Paypoint and CCTV. Ancillary areas include stockroom and W.C. With a back door for rear delivery access.

Our client is selling to look for a new business opportunity. With some development, expenditure and promotion we are advised that the current business has got potential to increase the sales further.

The council lease is due to expire in 2021 and is renewable on terms of 5 or 10 years.

Shop Dimensions

Trading Area: 92.5 m² (996 ft²)
Stockroom Area: 44 m² (474 ft²)

Financial Information
Leasehold Price
£24,950

Weekly Sales
£5,500

Annual Business Rent
£6,000

Business Rates
Current rateable value £5,500
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£5,000

Accounts Available
2 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

Lease Terms
Council lease expiring in 2021 and is renewable on terms of 5 or 10 years

Employees
1 non contracted member of staff

Commissions on Services
Available on Request

Stock Value Estimated
£10,000

Trading Hours
Monday – Friday 8:15 am – 8:30 pm
Saturday 10:00 am – 8:30 pm
Sunday 10:30 am – 1:00 pm & 5:00 pm – 8:30pm

Key Features
• Low rent

• Located in a residential area

• Fully fitted business

• Car parking outside the shop

• Opportunity to develop business

Location
The business is located within a residential area in Hebburn near Jarrow. It is close to public transport and recreational institutions with car parking outside. The shop benefits from being central to a residential area without direct competition.

* 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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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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