Convenience & Off Licence Store with 4 Bedroom Property
Situated along a main road in a suburb of Gateshead, North East England this business resides 2.5 miles south from the centre of Newcastle upon Tyne. It is located amongst a dense residential catchment area within proximity to other local amenities including the local park.
This well established business incorporates a successfully laid out and stocked trading area fully equipped for the sale of grocery, chilled drinks, confectionery, domestic goods, cigarettes, vape and e-cigarettes, alcohol and newspapers. We have been advised that current weekly sales is £7,000 of which £1,500 is from vape and e-product sales.
Fixtures & fittings include 3.7m open chiller, 1.5m chest freezer, 1.5m ice cream freezer and 1m Coca Cola fridge. The business premises incorporates a suspended ceiling and tiled flooring.
The current owner has been running this business for over 32 years and is now retiring.
The four bedroom accommodation incorporates two upstairs flats with access opened internally in addition to two living rooms, two kitchens, a bathroom and a decked balcony to the rear. One of the bedrooms is a loft conversion with an on-suite bathroom. More information available on request.
A long established convenience and off licence store also includes the adjoining retail (ex Vape Shop) unit within the sale. This is currently used as a storage area but presents the opportunity to operate as a separate business.
Lottery & Paypoint
UPS Excess point
Family run business
Monday to Sunday 7:00am-7:00pm
Monday to Sunday 8:00am-11:00pm
Property Use Classification
Retail Zone 82.3m² (886ft²)
Internal storage 34.1m² (367ft²)
Total 116.4m² (1,253ft²)
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Commissions on Services
UPS Excess point £1,800 per year
Lottery Commissions £4,680 per year
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