Convenience & Off Licence with 5 Bedroom Property in Gateshead

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.

Business

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.

Accommodation

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.

Shop Dimensions

Trading Area 101.82 m² (1,096 f²)
Stockroom Area Total 50.5 m² (543.5 f²) with rear access

Accommodation Dimensions

Available on Request

Financial Information
Freehold Price (Business & Property)
£229,000

Leasehold Price
Not available

Weekly Sales
£5,500

Accommodation Rental Income
£6,500

Business Rates
Current rateable value £8,700
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£10,000

Accounts Available
3 years

Annual Net Profit
Available on request

Gross Profit Margin
20%

* (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

Further Details
Premises Licence
The premises has a licence to sell alcohol

Employees
Owner run business

Commissions on Services
£250/week

Stock Value Estimated
£18,000

Key Features
• Freehold opportunity

• 6 bedroom accommodation

• Internal cash machine

• Car parking outside the shop