REF 5767

Convenience Store & Off Licence For Sale

Wallsend

Location

Excellent leasehold opportunity in a residential zone on Tynemouth Road in Wallsend. The shop is well situated as part of a row of businesses located on the main road link from Tynemouth.

Business

An immediately unopposed, high turnover convenience store with Nisa Local high specification refit branding. The shop benefits from Lottery, Parcel delivery and Payzone. The shop floor is over 1,500 sq/ft and has three large chiller units and two standing fridges. We are advised that all trade fixtures and fittings are owned outright and are included as part of the sale.

A new lease of between 10-20 years would be available with a passing rent of £18,200 per annum. There is ample parking available at the front of the shop in the area and the store is conveniently located within close proximity to other businesses and residential dwellings.

Opportunity

The business is run by the owner & family and staff. The business currently employs 4 part-time members of staff. This is a reluctant business sale and is being offered for due to our client’s health.

Shop Measurements

Shop Trading Area: 142 m² (1,528 ft²)
Stockroom Area: 18.6 m² (200.2 ft²)
Garage: 31.3 m² (337 ft²)

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

£100,000

Tenure

Leasehold

Gross Annual Income

£676,000

Annual Rent

£18,200

Rateable Value*

£14,500

* (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

Lease Terms
New 10-15 year lease is available

Premises Licence
Licensed from 7am - 11pm

Staff
4 part time members of staff

Commissions on Lottery
£600 per month

Stock Value
Approximately £30,000

Trading Hours
Monday to Saturday 7am-10pm
Sunday 8am-10pm

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