Retail premises for sale in Sunderland, Tyne And Wear SR5

£49,500
Retail premises for sale
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Property features

  • Licensed convenience store/ Post Office Local close to Sunderland fc stadium
  • Prime main road position within a densely populated commercial/ residential area
  • Wt £7,500 (25% gross profit), P O income £10,200 per annum (run entirely by staff)
  • Limited hours, terrific growth potential, well fitted, viewing recommended

Property description

Reference - 48118

Description
This is an excellent opportunity to purchase a licensed convenience store and Post Office Local, which is situated in the bustling city of Sunderland, Tyne and Wear.

Newcastle Road Convenience Store occupies a prime trading position on the northern outskirts of the city, close to the Stadium of Light and fronting the main (A1018) trunk road opposite a number of franchised car dealers with a large number of residential dwellings in the immediate vicinity. The area is subsequently a hive of activity throughout the day, generating high levels of regular local and passing trade.

Having been under present family ownership for the past 2 years, this heavily relied upon business has forged strong relationships with the surrounding community and therefore enjoys an extensive and loyal customer base.
Newcastle Road Convenience Store operates from a single fronted shop premises, providing deceptively spacious and versatile ground floor lock up business accommodation.

The spacious sales area is light and airy creating a welcoming environment with an open Post Office counter position. The retail space is well fitted with a range of good quality fixtures and fitments, including ample refrigeration and CCTV.
Newcastle Road Convenience Store retails a range of newspaper and magazine titles, tobacco products, soft drinks, bread, confectionery, wines, beers, spirits, dairy products and groceries, as well as also offering the usual Post Office services, National Lottery and Paypoint.

Newcastle Road Convenience Store is a successful and profitable business, yet is operated entirely by staff and therefore offers terrific potential for future growth and development. The business represents a first class investment for an ambitious hands on family unit, who can extend the opening times as well as also introducing a wider selection of stock lines. This will undoubtedly increase the weekly sales whilst also significantly reducing the wage, thus enhancing the overall profitabi

Sales
Currently shop sales average £7,500 (25% gross profit) approximately.

Post Office Salary
Annual po income approximates to £10,200

PayPoint – £4,000
Lottery- £4,000

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday – Saturday 08:00 – 20:00
Sunday 09:00 – 18:00

Staff
Operated under management with full/ part time staff.

Building External
The single fronted shop premises provide deceptively spacious and versatile ground floor lock up business accommodation.

Building Internal
The spacious sales area is light and airy creating a welcoming environment with an open Post Office counter position. The retail space is well fitted with a range of good quality fixtures and fitments including ample refrigeration and CCTV. To the rear of the property there is a stockroom enabling easy unloading, kitchenette and a staff WC.

Residential Accommodation
There is no residential accommodation for owners/management available.

Tenure
We are advised a new 10 year Fri lease (subject to contract) will be granted at an initial rent of £14,400 per annum exclusive – all other lease terms are subject to negotiation. We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

*Please note that there is no option to purchase the Freehold- our Vendor has checked this with their Landlord and Freehold sale is not an option. (Correctly advised as of 14/06/2021)

Summary
This is an exciting opportunity to acquire a successful business with a bright future. To avoid disappointment, viewing is recommended. Post office on site, inclusion of it would be subject to potential buyer successfully applying to transfer it to them.

Arrange Viewing

For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (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 Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer 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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