REF 5741

Convenience & Off Licence with 5 Bedroom Property

Gateshead

Location

Located in a housing estate, the shop is in the heart of a popular residential area with a good local customer base. The current owner has been operating  for 3 years and has increased trade since purchasing.

Business

Excellent freehold opportunity to acquire a large detached 5 bedroom property with a well established convenience & off licence business trading within a residential suburb of Gateshead.

Fixtures and fittings include 3 x 2m chest freezer, 1 x chest freezer, 4 x 1 m drinks chillers. The shop floor is open plan with modern shelving units. Good sized stockroom area with WC and kitchen is located to the rear. There is a genuine reason for sale.

Accommodation

The property comprises of a large 5 bedroom accommodation on the first floor in good condition and ideal for a family residence. It is currently on a short term tenancy agreement and generating an income of £6,400 per annum.

Planning permission was granted to develop two separate units / accommodation upstairs.

Please contact us for further information on the accommodation.

Shop Dimensions

Trading Area 101.82 m² (1,096 f²)
Stockroom Area Total 50.5 m² (543.5 f²) with rear access

Accommodation Dimensions

Available on Request

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.

Price

£220,000

Tenure

Freehold

Gross Annual Income

£364,000

Rateable Value*

£8,700

* (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

Fixtures & Fittings Approximate Value
£10,000

Annual Net Profit
Available on request

Rateable Value
Current rateable value £8,700 * (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay)

Accounts Available
3 years

Employees
Owner run business

Commissions on Services
£250/week

Stock Value Estimated
£18,000

Trading Hours
Monday – Friday 9:00 am – 9:00 pm
Saturday 9:00 am – 9:00 pm
Sunday 9:00 am – 9:00 pm

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