REF 5769

Convenience & Off Licence

Gateshead

Location

Excellent convenience and off licence leasehold opportunity in a dense residential area of a housing estate in Glynfellis, a suburb of Gateshead in Tyne & Wear.

Business

An immediately unopposed, good turnover convenience store within a row of businesses. The shop benefits from Lottery, Parcel delivery and Payzone. The shop floor is over 1,000ft². It 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 £13,000 per annum. There is ample parking available at the front of the shop and the store is conveniently located within close proximity to other businesses and residential dwellings.

Opportunity

The business is run by the owner and staff. The business currently employs 2 part-time members of staff. This is a reluctant business sale and is being offered for due to our client’s retirement.

Shop Measurements

Shop Trading Area: 100m² (1,076ft²)
Stockroom Area: 15.7m² (169ft²)

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

£70,000

Tenure

Leasehold

Gross Annual Income

£700,000

Annual Rent

£13,000

Rateable Value*

£7,600

* (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

Premises Licence
Licensing hours from 8:00am - 11:00pm

Staff Employed
Owner run business with 2 part time staff

Stock Value
Approximately £25,000

Lease Terms
New lease available for 10-20 year term

Trading Hours
Monday to Sunday 8:00am - 7:00pm

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