Retail premises for sale in Tynemouth Road, Wallsend NE28

Fixed price £99,950 (£44.43/sq. ft)
Retail premises for sale 209 sq. m*
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

  • Convenience Store & Off Licence
  • Leasehold £99,950
  • New lease available
  • Annual rent £18,200
  • Weekly sales £13,000
  • High Spec Refit & Large Trading Area
  • Accommodation Option

Property description

Excellent leasehold opportunity in a residential zone on Tynemouth Road in Wallsend. The shop is well situated as part of a row of businesses located on the main road link from Tynemouth.

Business
An immediately unopposed, high turnover convenience store with Nisa Local high specification refit branding. The shop benefits from Lottery, Parcel delivery and Payzone. The shop floor is over 1,500 sq/ft and has three large chiller units and two standing fridges. We are advised that all trade fixtures and fittings are owned outright and are included as part of the sale.

A new lease of between 10-20 years would be available with a passing rent of £18,200 per annum. There is ample parking available at the front of the shop in the area and the store is conveniently located within close proximity to other businesses and residential dwellings.

Opportunity
The business is run by the owner & family and staff. The business currently employs 4 part-time members of staff. This is a reluctant business sale and is being offered for due to our client's health.

Shop Measurements
Shop Trading Area: 142 m² (1,528 ft²)
Stockroom Area: 18.6 m² (200.2 ft²)
Garage: 31.3 m² (337 ft²)

Gross Annual Income
£676,000

Annual Rent
£18,200

Rateable Value*
£14,500

* (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

Lease Terms
New 10-15 year lease is available

Premises Licence
Licensed from 7am - 11pm

Staff
4 part time members of staff

Commissions on Lottery
£600 per month

Stock Value
Approximately £30,000

Trading Hours
Monday to Saturday 7am-10pm
Sunday 8am-10pm

Key Features:
Weekly Sales £13,000
Nisa Local refit in 2018
Lottery commissions £600/month
Main road location
Large open plan trading area
New 10-20 year lease available

Notice
All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 BUSINESSES FOR SALE). See our disclaimer page for more details.

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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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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