REF 5837

Convenience & Off Licence Store with 4 Bedroom Property

Gateshead

Location

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 close proximity to many local amenities including the local park.

Business

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 the current vape sales make up to £1,500 of the weekly sales.

The current owner has been running this business for over 32 years and it is currently equipped with a 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.

This is a retirement sale.

Accommodation

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.

Opportunity

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.

On-Site Services

Lottery & Paypoint
UPS Excess point

Staff Employed

Family run business

Trading Hours

Monday to Sunday 7:00am-7:00pm

Premises Licence

Monday to Sunday 8:00am-11:00pm

Property Use Classification

A1 Retail

Tenure

Freehold

Retail Measurements

Ground Floor
Retail Zone 82.3m² (886ft²)
Internal storage 34.1m² (367ft²)

Total 116.4m² (1,253ft²)

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.

Commissions on Services
UPS Excess point £1,800 per year
Lottery Commissions £4,680 per year

Gross Annual Income
£364,000

Rateable Value
£7,100

* (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

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