REF 5867

Newsagent and 5 Bedroom Living Premises (Rent reduced)

Newcastle upon Tyne

Location

This business is situated in Walkergate, a suburb of Newcastle upon Tyne in the North East of England. Locates in a large residential area with no direct competition and within close proximity to local amenities.

Business

A very well established newsagent and convenience store with and spacious 5 bedroom accommodation. Equipped for the sale of cigarettes, newspapers, magazines, confectionery, convenience goods, frozen & chilled products. F&F's include a 2.5m Pepsi Max drinks chiller, 0.75m Pepsi Max drinks chiller, 1.2m drinks chiller and 2m chest freezer.

This business has been established for over 30 years with current ownership since 1992.

Premises

Ground floor business premises incorporating stockroom and bathroom to the rear. Internal access to first floor accommodation incorporating 5 bedrooms and a large bathroom.

Internal access to ground floor council owned premises.

On-Site Services

Lottery & Paypoint Services
Amazon parcels

Staff Employed

No staff to be transferred with the business

Trading Hours

Monday to Sunday 10:30am-10:00pm

Property Type

A1 Retail

Lease Terms

New lease terms available

Tenure

Leasehold

Accommodation

The accommodation incorporates five bedrooms, living room, kitchen and bathroom and is accessible through an external door separate from the business. Further details available on request.

Additional Information

The vendor consider selling within 5 years and would consider including a clause within the lease providing tenants with first refusal.

The Council premises lease stipulates “retail premises” and specifies a restriction on the sale of alcohol. The premises is currently being used as living premises and incorporates the kitchen.

A new tenant could apply for a premises licence within the leasehold premises.

Disclaimer Notice

Any financial information shown for the business shown is based on verbal information provided by the vendor. A1 Businesses for Sale makes no warranty as to the accuracy of this information and advise that any interested parties make the relevant enquires to satisfy themselves of any particulars related to the sale.
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.

Rent (Business, council and living premises)
Total Annual Rent £18,000 (£1,500 per month)
Business and living premises £14,400 (£1,200 per month)
Council premises £3,600 (£300 per month)

Turnover
Weekly sales circa. £5,500

Rateable Value
£6,400

* (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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