Newsagent with 5 Bed Property

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 Saturday 7:00am-8:00pm
Sunday 7:00am-6:30pm

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.

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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.
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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.