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Convenience Store In Gateshead For Sale

Gateshead, Tyne and Wear
Asking Price:
£57,500
Turnover:
£250,000
Net Profit:
Not applicable

• Post Office income circa £20,000 per annum.
• Turnover circa £250,000 per annum.
• Recently refurbished and refitted premises.
• Densely populated residential area.
• Local Authority lease with low overheads.

Property Information

Property:

Leasehold

Lease Terms:

Held by way of a 10 year Council lease from 2016. The current rent is £5,700 per annum and there is a rent review at the 5th anniversary.

Location:

The Post Office is located within a small parade of shops in the heart of a densely populated area, located approximately 1 mile to the south of Low Fell. The parade has the benefit of free on street pull in parking and other tenants include a convenience store, a hair salon and a Chinese Takeaway.

Premises Details:

Comprises a single fronted mid terraced ground floor lock up unit forming part of a small parade. Accommodation;
Ground Floor
Retail Area circa 784 sq.ft. (73 sq.m). with sales counter which includes Post Office counter, CCTV system, ATM, Coca Cole Fridges (on free loan) non slip flooring, suspended ceiling, card displays, display shelving.
Stock / Office Area 200 sq.ft (18 sq.m.)
W.C.
Trading Hours
Monday - Saturday 6.00 a.m. - 5.30 p.m.
Sunday 6.00 a.m. - 12.00 p.m.
There are 3 morning and 2 Sunday newspaper rounds.

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday - Saturday 6.00 a.m. - 5.30 p.m.
Sunday 6.00 a.m. - 12.00 p.m.

There are 3 morning and 2 Sunday newspaper rounds

Employees:
Currently ran by our clients with the help of 3 part time members of staff (15 hours in total).

Other Information

Post office salary:
£20,000 per annum

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