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Convenience Store With Spacious 4 Bed Accommodation For Sale

Wallsend, Tyne and Wear, UK
Freehold Price:
£275,000 Furniture / Fixtures included
Leasehold Price:
£75,000 Furniture / Fixtures included
Turnover:
£9,200
Net Profit:
Undisclosed

Well-established convenience store and off licence with spacious 4-bedroom accommodation, located in a densely populated residential area of Wallsend, Newcastle upon Tyne. This recently refurbished business offers steady weekly sales and multiple income streams, making it an attractive opportunity for owner-operators or investors.

The shop is fully equipped to supply a wide range of convenience goods including groceries, chilled and frozen foods, newspapers, cigarettes, confectionery and alcohol. A high-spec refit completed in 2023 includes modern refrigeration units, LED lighting and CCTV, ensuring efficient and secure operations. Additional revenue is generated through National Lottery and PayPoint services, driving consistent customer footfall.

The property benefits from generous living accommodation spread across three floors, including a kitchen, lounge space and four bedrooms, making it ideal for a family-run business or live-in owner. The location provides a loyal local customer base with regular repeat trade.

There is clear scope to further grow the business by extending product ranges, enhancing promotions or improving operational efficiency. The business is currently run with staff, offering flexibility for a new owner to increase profitability through hands-on management.

Full handover support is available. This is a rare opportunity to acquire a profitable retail business with substantial living space. Enquire today for more information.

Property Information

Property:

Available as freehold and leasehold

Living Accommodation:

Large 4-bedroom accommodation arranged over ground, first and second floors including kitchen, bathroom and living areas.

Location:

This shop is located within Wallsend, a suburb of Newcastle upon Tyne in the North East of England and within a densely populated residential area.

Premises Details:

Ground floor retail premises with main shop floor and additional garage storage. Recently upgraded with modern fixtures and refrigeration systems.

Size in square feet:
951.52 sqft
Planning Consent:

Class A1/A2 retail use

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Opportunities to increase revenue through product expansion, marketing initiatives and operational improvements.

Competition / Market:

Situated in a strong residential area with consistent demand and repeat customers.

Trading hours:

Monday to Saturday 7:00am – 9:00pm
Sunday 8:00am – 9:00pm

Employees:
2 staff members (not transferring)

Other Information

Support & training:

Handover support available

Leasehold asking price:
£75,000 - Furniture / Fixtures included