Nisa Local Convenience Store, Post Office & Off Licence
Newcastle upon Tyne
Situated on a main road 1 mile to the west of Gosforth, a suburb of the city of Newcastle upon Tyne, Tyne and Wear, North East England and 1 mile east of the A1 motorway. Central to a large residential area the store is close to 2 schools and a 5 minute walk from the Wansbeck Road local metro station
A Nisa Local branded convenience store & off licence store
Fixtures & Fittings
Open multi deck display fridges – sizes 6.25m, 7m, 9m and 15m
Upright display freezers – large double hinged glass door – sizes 1.6m, 3.8m and 5.5m
Retail Epos tills – 3 standalone units
External ATM cash machine, WH Smiths News, Camelot National Lottery and Paypoint services.
Monday To Sunday 7:00am – 9:00pm
Monday To Sunday 8:00am – 11:00pm
6 staff operate the business. TUPE rules apply to 3 staff on 25hrs @£9.50, 16hrs and 16hrs @NMW
Electric, water, broadband and telephone line services.
Local pasty and sandwich maker Greggs has offered a rental of £15,000/yr for 1,200ft² of retail space. The site has been Post Office approved with an unsigned contractual agreement in place, commission is expected to be between £9,000-£15,000.
Option to Buy
There is an option to purchase the freehold for £250,000 stated within the lease, this option will expire 23 October 2022
10 year lease commencement date 23 October 2020
5 year rent review
Retail area 278.7m² (2,999ft²)
Warehouse 233.3m² (2,510ft²) inc. storage, office and W.C.
Total 512m² (5,511ft²)
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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.
Annual Business Rent
Commissions on Services
Lottery Commissions £6,000/yr (approx.)
Stock at Value
£35,000 (approx.) stock at wholesale value.
Gross Annual Income
* (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