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Convenience Store In Newcastle Upon Tyne For Sale

Newcastle-upon-Tyne, Tyne and Wear, UK
Freehold Price:
£375,000 Furniture / Fixtures included
Leasehold:
£85,000 Furniture / Fixtures included
Turnover:
£500K - £1M
Net Profit:
Available on request

• Sales currently £10,000 weekly plus commissions.
• Prime mixed retail and commercial position.
• Ground Floor circa 1,300 sq.ft. (120 sq.m.).
• Includes 4 bed flat above.
• Leasehold option available at £95,000.
• Freehold £375,000 for the goodwill, fixtures & fittings.

Property Information

Property:

Available as freehold and leasehold

Lease Terms:

Full terms to be agreed

Leasehold Rent:

£18,000 per annum

Living Accommodation:

First Floor (flat generating £500 pcm)
Lounge
Kitchen
Bathroom
4 x Bedrooms

Location:

Heaton is a very popular residential area located circa 2.5 miles from Newcastle City Centre and the shop forms part of a very busy secondary shopping area. Nearby occupiers include Greggs, TSB bank and Domino pizza together with a number of independents.

The property has a prominent return frontage at the junction of Chillingham Road with Rothbury Terrace and forms part of a busy terrace which includes a Fish & Chip shop and Barbers. There are extremely high levels of both passing and captive trade and there is free pull in parking to the front.

Premises Details:

This is a long established mini market business which has been in our client’s ownership for over 10 years but has been placed on the market as they wish to pursue another business venture outside the area.

This is a traditional convenience store and off licence which has excellent levels of core business from the nearby residential occupiers. Heaton comprises a pleasant mix of retail and residential accommodation and is home to a pleasant mix of students, young professionals and families. The shop has an external ATM which is maintained by the installer and generates circa £180 per month.

This business represents an attractive opportunity for an owner operator with the benefit of excellent levels of captive and passing trade. Viewing is recommended to appreciate the excellent retail location.

Premises:

Comprising an end terrace two storey property;

Ground Floor
Sales Area extends to circa 1,030 sq.ft. (95.5 sq.m.)
Stores circa 212 sq.ft. (19.7 sq.m.)
Kitchen approx. 47.4 sq.ft (4 sq.m.)
Staff Toilets

Size in square feet:
1,300

Business Operation

Reasons for selling:

Other commercial interests.

Trading hours:

Monday - Friday 6.00 am - 10.00 pm
Saturday & Sunday 8.00 am - 10.00 pm

Employees:
The business is currently operated by the owner plus 1 full time and 2 part time members of staff.

Other Information

Leasehold asking price:
£85,000 - Furniture / Fixtures included

Contact North East Commercial

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