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Profitable Convenience Store & Off Licence with Spacious 5 Bed Accommodation
New lease available
Annual rent £18,200 + £12,000
Weekly sales £13,000
High Spec Refit & Large Trading Area
Spacious, well presented 5 bedroom House
Profitable Convenience Store & Off Licence with Spacious 5 Bed Accommodation. 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.
Accommodation 5 Bedrooms Large living Room 2 bathrooms 2 kitchens Rent is £12,000 per annum.
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 Business £18,200 Annual Rent Accommodation £12,000
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.
For more information about this property, please contact A1 BUSINESSES FOR SALE, YO10 on +44 1904 918748 * (local rate)
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