REF 5756

Convenience & Off Licence with 2 Bed Accommodation

Blaydon-on-Tyne

Location

This well established business is situated in a residential area on Blaydon-on-Tyne nr Newcastle and Gateshead. It is close to local businesses and amenities such as takeaways, pubs, schools and a retirement home. Located near transport links with a bus stop nearby and in close proximity to the A1 motorway.

Business

This well presented convenience store & off licence business with a modern re-fit has an established local customer base and good passing trade. The shop is merchandised to a very good standard but could benefit further through introducing new services to the business. The shop is equipped with a 3m and 1.76m chiller cabinet, CCTV which are all included within the leasehold price.

The business is newly refitted and has a cash machine inside the shop. Commissions income from Lottery & PayPoint.

A 2 bedroom accommodation is inclusive with the leasehold purchase. The property to a very good standard and situated directly above the business. A new tenant could have the option to live on the premises or rent the property out.

The business is currently run by the owner without staff. Premises license hours are 8am to 11pm and sales could be further increased under new management through possibly extended opening hours to 11pm.

Shop Measurements

Trading Area 38.5 m² (141.4 ft²)
Stockroom Area 29.7 m² (319.7 ft²)

Price

£24,950

Tenure

Leasehold

Gross Annual Income

£220,000

Annual Rent

£13,000

Rateable Value*

£4,350

* (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

Lease Information
Current lease expires in 2037

Premises Licence Hours
8:00am to 11:00pm

Staff Employed
Owner run business

Stock Value
Approximately £15,000

Trading Hours
Monday to Saturday 9:00am - 9:00pm
Sunday 4:00am - 9:00pm

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