Retail premises for sale in Lukes Terrace, Sunderland SR4

Fixed price £34,950 (£46.65/sq. ft)
Retail premises for sale 70 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

  • Leasehold Price £34,950
  • Profitable Newsagent, ctn
  • Premises Licence 8am - 11pm
  • Parking to the front of store
  • Energy Rating C

Property description

The business is located in a suburb of Sunderland, Tyne and Wear. It is situated on a busy main road that has a variety of shops and businesses, which results in a high volume of passing trade. This main road runs through a residential area so also sees reliable and returning customers. It is also within a short distance from a student village and both a primary and secondary school. The shop is easily accessible and has parking available at the front.

This is a well established convenience store within a popular location and on a row of other businesses. The shop is currently being run by the owner and only one additional member of staff. The business offers additional services which include lottery and PayPoint with extremely good earnings on the commissions.

Fixtures and fittings are included within the sale which comprises of 1m standing chiller unit and a 3.5 metre open drink chiller, a epos PayZone Till System, integrated LED lighting and a suspended ceiling which gives a spacious feel to the trading area.

Please note this is not a convenience store and there is no currently no sale of alcohol.

Opportunity
The reason for sale is due to the owner having other business commitments and this is an ideal opportunity for an individual or couple looking for a new starter business opportunity.

The business currently closes at 3pm due to covid restrictions, should a new owner decide to extend these opening hours the sales could be increased beyond current scope.

There is currently no lease in place and thus offering an opportunity for a new lease with flexible terms.

Annual Rent
£12,000

Trading Hours
Opening hours Monday to Saturday 5:00am-3:00pm, Sunday 5:00am-1:00pm

Premises Licence
Licensed Mon to Sat 8:00am - 11:00pm
Sunday 10:00am - 10:00pm

Staff Employed
Owner and 1 staff on 30 hours/week

Estimated Stock Value
£15,000

Shop Measurements
Shop Trading Area: 40.6m² (437ft²)
Stockroom Area: 29m² (312ft²)

Lease Terms
No lease in place. Option for 10 to 20 year lease

Audited Accounts
3 years available following an appointment

Key Features

Average weekly sales £6,000-£7,000
Premises Licence 8am - 11pm
Parking to the front of store
Energy Rating C
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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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