Trading information provided by our client shows store sales are £ 15,000 per week.
Full trading information will be made available to seriously interested parties upon request.
Location
This well fitted store occupies a prominent position along a main road not far from Gateshead. A busy road running through the area, ensuring a high amount of footfall and passing traffic. This site also benefits from being situated within a densely populated residential area.
Description
The store is well fitted internally and externally.
This store would be ideal as either, part of a multiple operator's portfolio or for a single "hands on" operator looking to develop the business further whilst taking advantage of the current turnover with the opportunity of a residential flat above the site.
The Opportunity
The store is extremely well fitted out, whilst also being heavily relied upon by the local community. Our client has reluctantly decided to sell this well performing shop due to family commitment.
The current owner has the site mainly run with staff allowing a new hands on operator to enhance the profits and take advantage of the rewards. This gives a new operator the rare chance to acquire an excellent store with weekly sales in excess of £ 15,000 per week.
Tenure Details
Leasehold : The shop is offered to the market by way of a new lease at an asking price of £ 259,950 with an annual rent payable of £ 30,000 per annum including the flat which can bring in an second income.
Business Rates
The current owner has advised that he benefits from small business relief on business rates. Purchasers however should make their own enquiries with the relevant local authority.
External Details
The current owner has advised that he benefits from small business relief on business rates. Purchasers however should make their own enquiries with the relevant local authority.
Regulatory
Premises Licensed
Viewing
No direct approach may be made to the property. For an appointment to view please contact the agent.
Internal Details
This store has an excellent layout and core lines are at the prominent position in the store. The store has a full convenience store offering of chilled wines and beers, soft drinks, and alcohol. There is an office, toilets, and a kitchen on the ground floor behind the shop along with a storage area. The site comes with a flat above the shop a two bedroom which has its own entrance and is currently vacant along with a living room with access through the storeroom. An extremely spacious area for a flat.
Fixtures & Fittings
We are advised that all fixtures & fittings are included in the sale, subject to an inventory, with the exception of any items that are on free loan for promotional purposes.
