Retail premises for sale in Wansbeck Road, Newcastle Upon Tyne NE3

Fixed price £200,000 (£36.28/sq. ft)
Retail premises for sale 512 sq. m*
Interested in this property? Call +44 1904 918748 * or Request Details

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Property features

  • Nisa Local Convenience Store & Off Licence in Gosforth Weekly Sales of £18,000
  • Freehold option
  • Open plan trading area 3,000ft²
  • Staff run business
  • Greggs has offered a rental of retail space
  • Post Office approved
  • Lottery Commissions £6,000/yr

Property description

Nisa Local Convenience Store & Off Licence in Gosforth Weekly Sales of £18,000

Key Features
Weekly Sales £18,000
Nisa Local branded
Lottery Commissions £6,000/yr
Open plan trading area 3,000ft²
Staff run business

Situated on a main road 1 mile to the west of Gosforth, a suburb of the city of Newcastle upon Tyne, Tyne and Wear, North East England and 1 mile east of the A1 motorway. Central to a large residential area the store is close to 2 schools and a 5 minute walk from the Wansbeck Road local metro station

The Business
A Nisa Local branded convenience store & off licence store

Fixtures & Fittings
Open multi deck display fridges – sizes 6.25m, 7m, 9m and 15m
Upright display freezers – large double hinged glass door – sizes 1.6m, 3.8m and 5.5m
Retail Epos tills – 3 standalone units

Retail Services
External atm cash machine, wh Smiths News, Camelot National Lottery and Paypoint services.

Utilities
Electric, water, broadband and telephone line services.

Additional Information
Local pasty and sandwich maker Greggs has offered a rental of £15,000/yr for 1,200ft² of retail space. The site has been Post Office approved with an unsigned contractual agreement in place, commission is expected to be between £9,000-£15,000.

Option to Buy
There is an option to purchase the freehold for £250,000 stated within the lease, this option will expire in November 2022.

Gross Annual Income
£936,000

Annual Rent
£21,000

Trading Hours
Monday To Sunday 7:00am - 9:00pm

Premises Licence
Monday To Sunday 8:00am - 11:00pm

Staff Employed
6 staff operate the business. Tupe rules apply to 3 staff on 25hrs @£9.50,16hrs and 16hrs @NMW

Commissions on Services
Lottery Commissions £6,000/yr (approx.)

Stock at Value
£35,000 (approx.) stock at wholesale value.

Lease Terms
10 year lease commencement date May 2020
5 year rent review

Measurements
Ground floor retail area 278.75m² (2,999ft²)
Ground floor storage area 233.34m² (2,510ft²) inc. Storage, cupboards, offices and staff toilets.

Rateable Value
£55,500 (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
The landlord is currently paying the business rates for the premises.

Measurements
Ground retail area 278.75m² (2,999ft²)
Ground warehouse 233.34m² (2,510ft²) inc. Storage, office and W.C.

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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* 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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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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