REF 5859

Low Rent Convenience Store & Off Licence

Newcastle upon Tyne

Viewings

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

Location

The shop is located in Wallsend, Tyne & Wear and lies 3 1⁄2 miles east of Newcastle upon Tyne in the North East of England. Situated on the main street running through the town with car parking to the side of the shop for passing traffic and within close proximity to the Metro link and bus services.

Business

This well established convenience and off licence business incorporates a well refitted and merchandised trading area with ceramic tiled flooring, LED lighting and a state of the art integrated 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 in addition to a comprehensive range of E-cigarette products. Additional features include a F'wip Ice Cream maker and coffee to go machine included within the sale

Ancillary areas to rear of the store include an internal stock area and staff toilet.

Fixtures and Fittings

Fixtures & Fittings include 2 x 3.7m open drinks chillers, 2 x 2m chest freezers, Walls ice cream freezer and 1m closed door drinks chillers. The counter area has a one lane Retail Data Partnership EPOS system.

Accommodation

No accommodation available

On-Site Services

No Lottery (due to being closed on Saturday) or PayPoint Services

Trading Hours

Monday to Friday 7:00am – 8:00pm
Saturday closed
Sunday 8:30am – 8:00pm

Premises Licence

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

Employees

Husband & wife run business. No employees

Property Type

A1/A2 Retail and Financial/Professional services

Lease

15 year lease commencement 2015

Tenure

Leasehold only

Business Premises Measurements

Ground Floor
Retail area 54.57m² (587ft²)
Internal storage 10.52m² (113ft²)
Staff Toilets 3.2m² (35ft²)

Total 68.29m² (734ft²)

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.

Business Rent
£6,200

Weekly Sales
£6,250 (6 Months Average)

Accounts
N/A

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

Rateable Value
£4,100

* (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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