Retail premises for sale in Confidential Sale, Sunderland SR6

Fixed price £180,000 (£126.11/sq. ft)
Retail premises for sale 133 sq. m*
Interested in this property? Call +44 1904 918748 * or Request Details

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Property features

  • Freehold £525,000
  • Leasehold £180,000
  • Weekly Sale Circa. £20,500
  • Post Office Income Annual £15,600
  • Lottery Commissions £7,500 per annum
  • Full refit 2015
  • No ties with Nisa Local
  • Optional 3 Bedroom Property

Property description

​​​​​​​Post Office, Convenience & Off Licence High Sales £20,500

The property is in a prime location within a residential area of Sunderland on South Tyneside. Located towards the city and in close proximity to the A19 motorway the business is nearby local amenities. Parking is available outside the shop.

This Nisa Local branded business has been trading for over 30 years and has built a strong customer base together with good passing trade. The trading area is exceptionally well merchandised having had a full re-fit in 2015. Well laid out with a wide selection of alcohol, grocery & confectionery lines this is a one stop shop for many customers. The counter area has Post Office, Lottery and a good range of cigarettes & tobacco. The shop boasts strong sales circa. £19,500 per week with additional commissions of over £1,000 monthly from the Post Office and a further £7,500 Lottery commissions per annum.

The business is currently operated by the owner with an additional 3 contracted members of staff. The current leaseholder has no ties with Nisa, therefore any new purchaser would have the option to sign up to a new scheme.

Shop Dimensions
Trading Area 95.6m² (1,028f²)
Stockroom Area 37m² (398f²)

Key Features
Average weekly T/O £19,500
Post Office Income £1,000 per month
Lottery £7,500 per annum
Full refit 2015
No ties with Nisa
Genuine reason for sale

Gross Annual Income: £1,014,000

Annual Rent: £17,000

Rateable Value* £5,600
* (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

Premises Licence
The business is licensed to sell alcohol from 6:00am to 11:00pm

Post Office Commissions
Circa. £12,000 per annum

Commissions on Services
Lottery circa. £7,500 per annum

Staff Employed
Currently 3 contracted staff

Stock Value
Approx. £35,000-£40,000

Trading Hours
Monday - Sunday 6:00am - 9:00pm

Lease Terms
Current lease expires in 2038

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Viewings
Any viewings for the business and/or property are to be made strictly by appointment only through A1 BUSINESSES FOR SALE. No approach should be made directly to the owner or any of their employees.

* 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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