Retail premises for sale in The Links, Belmont DH1

£79,950 (£120.95/sq. ft)
Retail premises for sale 661 sq. ft*
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

  • Leasehold Price: £79,950
  • Gross Annual Income: £700,000
  • Annual Rent: £8,000 (+VAT)
  • Trading Hours: Monday to Sunday 6:00am - 9:00pm
  • Premises Licence Monday to Saturday 8:00am - 10:00pm andSunday 10:00am - 10:00pm
  • Lease Details: Lease expiration January 2022
  • Accounts: Three years accounts available
  • Newspaper Bill: £2,500 per week, including news vouchers
  • Estimated Stock Value: £20,000

Property description

Location
This business is situated within a local shopping centre at Chevely Park within the residential area of Belmont, just east of Durham city centre and the A1. This is an excellent business location with good local amenities and transport links available. The business is situated just off Broomside Lane and is a few hundred metres from High Street and within half a mile of three different schools, resulting in a high volume of footfall and passing trade.

Business
This leasehold business has seen a growth in weekly sales after Covid-19, we have been advised that this has increased by a £1,000 a week and has the potential to continue growing under the right management. The current owner is leasing the business due to his time being tied up with other businesses, therefore, this opportunity is ideal for passionate and dedicated individuals wanting to develop this business further.

The shop trading area is 327ft² with ancillary areas which include the stock room and staff toilets. The business comes with all fixtures and fittings, including 3.7m chiller, 2m chillers (x2), coffee machine, slush machine, chest freezer, ice cream freezer, epos tills with booker and an adt CCTV system.

At present, the business is staff and owner run with current wage bill at approximately £750. This convenience store provides an excellent opportunity to provide more services and to increase commission through the introduction of an atm, PayPoint and PayZone as it currently only provides lottery services. There is also a retro discount for the news supplier equating to approximately £800 per month.

Opportunity
This business has been priced accordingly for a quick sale and is an excellent business venture opportunity, particularly given the increase in sales and the scope to provide more services. We recommend early viewings on the business.

Key Features
Post-covid sales £13,500
Pre-covid sales £12,500
Annual rental £8,000 (+VAT)
Shopping centre location
Good potential for services commissions

Staff Employed
3 part-time staff (not contracted)

Shop Measurements
Shop Floor Trading Area - 30.4m² (327ft²)
Stock Room - 31m² (334ft²)

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

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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