Excellent freehold opportunity to acquire a large detached 5 bedroom property with a well established convenience & off licence business trading within a residential suburb of Gateshead.
Located in a housing estate, the shop is in the heart of a popular residential area with a good local customer base. The current owner has been operating for 3 years and has increased trade since purchasing.
Fixtures and fittings include 3 x 2m chest freezer, 1 x chest freezer, 4 x 1 m drinks chillers. The shop floor is open plan with modern shelving units. Good sized stockroom area with WC and kitchen is located to the rear. There is a genuine reason for sale.
The property comprises of a large 5 bedroom accommodation on the first floor in good condition and ideal for a family residence. It is currently on a short term tenancy agreement and generating an income of £6,400 per annum.
Please contact us for further information on the accommodation.
Trading Area 101.82 m² (1,096 f²)
Stockroom Area Total 50.5 m² (543.5 f²) with rear access
Available on Request
Freehold Price (Business & Property)
Accommodation Rental Income
Current rateable value £8,700
(Business rates relief available please see below *)
Fixtures & Fittings Approximate Value
Annual Net Profit
Available on request
Gross Profit Margin
* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) Click here for more information
The premises has a licence to sell alcohol
Owner run business
Commissions on Services
Stock Value Estimated
• Freehold opportunity
• 6 bedroom accommodation
• Internal cash machine
• Car parking outside the shop
Monday – Friday 9:00 am – 9:00 pm Saturday 9:00 am – 9:00 pm Sunday 9:00 am – 9:00 pm
Is accommodation included?:
The property is located in a suburb of Gateshead within a residential area.