REF 5799

Local Convenience & Off licence

Wallsend

The Location

Situated in a residential area of Wallsend, Newcastle upon Tyne. A town in the metropolitan borough of North Tyneside in the county of Tyne and Wear, North East England.

Business

This is a well established convenience, off licence, newsagent & tobacconist within a dense housing estate. The shop is run by the owner and staff and currently offers additional services including lottery and Payzone.

The business offers a good selection of goods including cigarettes, tobacco, news & magazines, grocery, confectionery, drinks, snacks and greeting cards. Additionally they offer a comprehensive selection of alcoholic wines, spirits & beers. There is an opportunity to develop the business further by introducing other services to the premises or extending the opening hours past the early closing time of 6pm.

We are advised that the sale is due retirement.

The Premises

The business premises consists of the ground floor shop trading area with rear access to the internal W.C.

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

£75,000

Tenure

Leasehold

Gross Annual Income

£442,000

Annual Rent

£10,400

Rateable Value*

£3,250

* (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

Trading Hours
Monday to Saturday 6:00am to 6.00pm
Sunday 6:00am to 4.00pm

Premises Licence
Alcohol licence Monday to Sunday 6:00am to 11:00pm

Commissions on Services
Lottery commissions circa. £5,000 per year

Lease
No lease, new terms available

Staff Employes
Owner and 2 part time employees
(TUPE rules will apply to staff employed)

Stock Value
Approximately £15,000

Internal Measurements
Shop Trading Area: 71.2m² (766²)

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