Retail premises for sale in Wetheral Gardens, Gateshead NE9

Fixed price £34,950 (£28.66/sq. ft)
Retail premises for sale 113 sq. m*
Interested in this property? Call +44 1904 918748 * or Request Details

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Property features

  • Convenience Store & Off Licence with Low Rent
  • Leasehold £39,950
  • Average weekly sales £4,500 weekly
  • Low rent 4,500 annually
  • Licensed until 11pm
  • Open plan trading area

Property description

Located in the heart of a residential area in Gateshead this convenience & off licence store is close to the main road, schools and a golf course. Just off the main bus route there is parking available outside the shop.

The business benefits from its ideal location within the residential zone and has a regular customer base. F&Fs are included in the asking price and consist of 2x4m chillers, and 2 chest freezers. Services include Hermes parcel delivery service, Amazon top up and e-liquids in addition to Lottery & PayPoint.

This is a good sized unit with an open plan trading area and stockrooms, one of which is currently used by a tenant providing make up artist services. The new leaseholder could use this space as a second stockroom or rent it out for additional income. There is a modern kitchen area and WC with sink. Ancillary areas also include delivery access to the rear.

Well established business that could be developed by increasing the range of goods and extending the opening hours to the current premises licensing hours between 7am and 11:00pm. Currently run by the owner. Sale due to lack of time to run the business.

Shop Measurements
Trading Area 86.5m² (931ft²)
Stockroom Area 26.8m² (288.5ft²)

Gross Annual Income
£220,000

Annual Rent
£4,500

Rateable Value*
£3,650

* (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

Commissions on Services
Available on request

Lease Information
15 year lease expires in 2032

Premises Licence
Licensing hours from 8:00am - 11:00pm

Staff Employed
Owner run business, no staff

Stock Value
£15,000 approx.

Trading Hours
Monday to Saturday 10:00am - 8:00pm
Sunday 10:00am-2:00pm and 5:00pm-7:00pm

Key Features
Average weekly sales £4,500 weekly
Low rent 4,500 annually
Licensed until 11pm
Open plan trading area

* 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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