Convenience Store & 3 Bed Property in Gateshead

Viewings

Any viewings for the business and/or property are to be made strictly by appointment through us and no approach should be made directly to the owner or any of their employees.

Location

The business premises is prominently situated on the corner of a busy road junction central to a large dense residential area within a suburb of Gateshead and in close proximity to the main local wholesalers, Booker Gateshead is 1 mile, United Wholesale Grocers is 1.3 miles and Bestway Team Valley 1.6 miles away. Local transport links include the A1 Motorway at 1 mile, the Metro Centre shopping mall at 2.5 miles and Newcastle upon Tyne city centre at 2.6 miles.

Business

Branded as a Best One store, this well established convenience and off licence business incorporates an impressively merchandised and well presented trading area. The premises has an immaculately presented exterior along with an interior fitted to a high standard, including alcohol and soft drinks chillers, upright freezers, Amtico vinyl flooring, LED lighting and CCTV system.

The shop is fully equipped for the sale of all general convenience goods, frozen and chilled products, cigarettes, confectionery and off licence products. The counter area has a 2 lane EPOS system and boasts a high specification overhead cigarette dispenser. Ancillary areas to rear of the store include an internal stock area, kitchenette and staff toilets facilities.

The business has been under the ownership of our client since 1988 and the sale opportunity is due to their retirement.

Fixtures and Fittings

Arneg Fridges 2 x 3.75m, Arneg Fridge 1 x 2.5m , JRX freezer 1 x 1.4m upright double door, AHT chest freezers 2 x 1.8m , Walls AHT ice cream freezers 2 x 1.5m and Two lane EPOS till systems

Accommodation

A separate front door provides access to an interior stairwell leading to the first floor accommodation. Situated directly above the ground floor premises the living space is to a very good standard and incorporates 3 bedrooms, living room, kitchen and bathroom.

On-Site Services

Lottery & PayPoint

Trading Hours

Monday to Saturday 8:00am-7:00pm
Sunday 8:00am-1:00pm

Bank Holidays 8:00am-1:00pm
Closed on Christmas Day, Boxing Day & New Year's Day

Premises Licence

Monday to Saturday 8:00am-11:00pm
Sunday 10:00am-10:30pm

Employees

Owner run with 1 full time and 2 part time. TUPE rules apply to all employees.

Business Rates

The property is exempt from business rates due to a rateable value of under £12,000

Property Type

A1/A2 Retail and Financial/Professional Services

Lease

20 year council lease commencement date 11 November 2012
Rent review every 4 years from commencement date

Tenure

Leasehold only

Business Premises Measurements

Ground Floor
Retail area 79.9m² (860ft²)
Internal storage 24.9m² (268ft²)
Kitchenette 1.56m² (17ft²)
Staff toilets 2.04m² (22ft²)

Total 108.4m² (1,166ft²)

Disclaimer Notice

The financial information shown within the advertisement has been provided to us by the vendor of the business. A1 Businesses for Sale can offer no guarantee as to the authenticity of any information provided to us. Please see our disclaimer page for more details.