Retail premises for sale in Lincoln Avenue, Sunderland SR3

Fixed price £99,950 (£91.39/sq. ft)
Retail premises for sale 102 sq. m*
Interested in this property? Call +44 1904 918748 * or Request Details

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Property features

  • Leasehold £99,950
  • Sales £12,500 per week
  • Services commissions £150 a week
  • Well established
  • Fixtures & fittings inclusive
  • Excellent location
  • Londis branding

Property description

This well established business is situated in the popular Silksworth area of Sunderland. It is on a busy road, close to schools, churches, local parks and a cricket club.

Business
This is a Londis branded convenience store. It has been trading since 1984, during which time it has built a large, loyal customer base. The property has parking for up to 4 cars at the front, fully alarmed and has CCTV.

The business generates additional income from Lottery & Pay Point. It currently employs 3 part time members of staff. Fixtures includes 3 open chillers, 4 standing freezers and the property is fully refitted to a high standard. To the rear of the property there is a large stockroom, a kitchen and a toilet.

The business has steady weekly sales and could be further developed by introducing longer opening hours under the new management. The owner's reason for sale is retirement.

Shop Dimensions
Trading Area 65m² (700f²)
Stockroom Area 36.6m² (394f²)

Gross Annual Income
£650,000

Annual Rent
£15,600

Rateable Value*
£5,300

* (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

Commission on Services
Approximately £150 a week

Staff
4 part time contracted member of staff

Stock Value
£25,000 approx

Lease Information
New lease 10-20 year available

Trading Hours
Mon - Sat 6:30am - 8:30pm
Sunday 8:00am - 8:30pm

Key Features
Sales £12,500 per week
Services commissions £150 a week
Well established
Fixtures & fittings inclusive
Excellent location
Londis branding

* 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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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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