REF 5805

Town Centre Newsagent & 2 Bed Property (Freehold)

Bishop Auckland

Location

Located in the town of Bishop Auckland, County Durham in the North East of England. Bishop Auckland is a market town and civil parish in County Durham in north east England. It is located about 12 miles northwest of Darlington, 12 miles southwest of Durham.

The Business

Located on the main street central within the town, this well established business is situated on alongside many other businesses and close to local amenities. The business is currently operating as a cigarettes, tobacco and newsagent, with the addition of alcohol sales. The shop runs on limited trading hours closing at the late afternoon time 4pm everyday except Sunday, when it is closed all day. This has been established as a newsagent for over 40 years of which our client has owned the business and property since 2015.

The freehold sale is due to early retirement. There are a full 3 years of audited accounts available upon request following viewing.

Accommodation

This is a very well finished and modernised property. There is access to the accommodation (to the rear of the shop off Tenters Street) leading to the first floor incorporating kitchen/living area and bath/shower room. Stairs lead to the second floor containing two double bedrooms with an additional stairway access to the loft area to the third double room. The accommodation is currently rented out at £400 per mont on an STTA rolling contract expiry October 2021.

Opportunity

A rare freehold opportunity with option available to open beyond the late afternoon closing time.

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

£200,000

Tenure

Freehold

Gross Annual Income

£600,000

Rateable Value*

£7,300

* (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 7:45am - 4pm
Sunday closed all day

Premises Licence
Monday To Sunday 8am - 11pm

Staff Employed
Owners on 42hrs. Two part time staff on 9hrs each

Commission on Services
Lottery commissions £13,000/year
Paypoint £2,500/year

Stock Value
Approx £15,000

Measurements
Ground Floor Retail Area: 24.9m² (267ft²)
Ground Floor Storage Area: 14.7m² (158ft²) inc. storage, cupboard and W.C.

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