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Counter News In Tynemouth Metro Station For Sale

Tynemouth, Tyne and Wear, UK
Asking Price:
£80,000 Furniture / Fixtures included
Turnover:
£200,000
Net Profit:
Available on request

• Sales £4,000 - £5,000 weekly plus commissions.
• Very high levels of captive trade.
• Located in a sought-after coastal town.
• Licensed for the sale of alcohol.
• Ideal opportunity for owner operators.
• Long lease in place.
• Leasehold £80,000 plus stock.

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a 30 year lease from 2000. The current rent is £750 per month (£9,000 per annum) and there is a small service charge payable.

Leasehold Rent:

£9,000 per annum

Location:

This business forms part of Tynemouth Station which is located at the western end of the town centre and adjacent to Kings Priory School.

Tynemouth appears repeatedly in lists of the “Best Places to Live” in the North East and the attractive coastal location and proximity to Newcastle upon Tyne make it easy to understand why. There are excellent road and rail links to and from the town and the local population is a broad demographic that includes young professionals, families and older or retired couples.

Premises Details:

Tynemouth Station opened in July 1882 and we suspect that there has been a news stand or shop on the concourse since that date. The station now forms part of the Metro network which opened in 1980 and the business has been placed on the market as our client wishes to retire.

The shop is a traditional CTN & Lotto outlet but also stocks a range of sandwiches and sells “grab and go” coffees. As you would expect, the majority of the trade comes from the Metro passengers but they comprise a broad range of customers and include commuters, students and day trippers when the weather is good.

The shop is licensed to sell alcohol but the current owners do not take full advantage of this consent as the shop tends to close at around 6pm. Weekends are very busy as there is a market on both a Saturday and Sunday and this draws additional visitors to the site.

This is a rare to the market business opportunity ideal for owner operators to grow. The hours can certainly be extended and some additional lines could be added.

Premises:

Comprising a ground floor lock up unit.
Ground Floor
Sales Area circa 275 sq.ft. (26 sq.m)
Stores circa 65 sq.ft. (6 sq.m)
Kitchen / Store
W.C.

Business Operation

Reasons for selling:

Retirement sale.

Trading hours:

Monday - Sunday 7.00 am - 6.00 pm
The shop opens later in the summer months.

Employees:
Owner operated.
Years established:
Long established business.

Contact North East Commercial

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