Retail premises for sale in High Street West, Sunderland SR1

Fixed price £540,000 (£488.96/sq. ft)
Retail premises for sale 103 sq. m*
Interested in this property? Call +44 1904 918748 * or Request Details

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Property features

  • Freehold Convenience Store & Off Licence with 4 Bedroom Property
  • Weekly sales circa. £14,000 plus commissions
  • Town location in the City of Sunderland
  • No direct competition
  • Extensively modernised building.
  • The owner and his wife run the business

Property description

Freehold Convenience Store & Off Licence with 4 Bedroom Property, town location within Sunderland

Key Features
Rare freehold opportunity
Well presented 4 bedroom property
Weekly sales circa. £14,000
Lottery/PayZone Commission
No direct competition
Extensively modernised building

This is a very well established Convenience Store & Off Licence which benefits from local and passing trade. The shop has a steady and reliable income from shop sales with additional income from lottery and Paypoint commissions. The owner has operated the business since 2013 and has heavily invested in developing the internal structure of the property and modernising the accommodation throughout. The commercial premises and the accommodation are very well presented.

The business is run by the owner and his wife. There is a genuine reason for the sale.

Location
The property is located within a residential area close to local amenities just off the main road. There is a bus service operating with a stop just outside the shop and the business benefits from further passing trade. Parking is available in front of the premises. There is no direct competition.

Accommodation
The property has front and rear external access to the accommodation. The ground floor incorporates the business premises comprising of trading area, stockrooms, tobacco cupboard and W.C. The first floor accommodation compromises of an open plan lounge and kitchen leading to a large bathroom and 2 bedrooms. Stairs lead to the second floor accommodation incorporating 2 further rooms and a separate W.C. And bathroom with shower.

Opportunity
There is opportunity for a new owner to extend the opening hours to capitalise on additional trade income and the later licensing hours granted to the business.

Trading Hours
Monday to Friday 7:00am to 9.00pm
Saturday & Sunday 7:30am to 9.00pm

Premises Licence
Licensed to sell alcohol 7 days a week 6:00am to 11:00pm

Commissions on Services
Lottery & PayZone approx £400 - £450 monthly

Staff Employed
The owner and his wife run the business

Stock Value
Approximately £35,000

Internal Measurements
Shop Trading Area: 72.2m² (9776²)
Stockroom Area: 30.4m² (327ft²)

Audited Accounts
3 years of accounts available following viewings

Gross Annual Income: £728,000

Rateable Value*: £6,400
* (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

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.

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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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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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