A rare opportunity to purchase a freehold convenience store, newsagent & off licence business with a four bedroom property situated within the coastal town of Whitley Bay. The sale has options of the business premises freehold, the business premises & property freehold or the business leasehold. The sale comes with the additional option to rent the living accommodation above the business should it not be purchased.
Located in the heart of Whitley Bay adjacent to the main high street, the shop is well positioned on the road to the metro station and central to a hub of numerous other businesses including restaurants, pubs, banks and other local amenities. The shop floor comprises of a medium sized open plan trading area and re-fitted to a good standard including 3.75m chiller, 1.3m chiller, 2m chest freezer and display gondolas. Ancillary areas include 2 stockrooms with W.C. and rear delivery access. The business further benefits from car parking outside the shop.
The business has been established since 1950 and run by the current owner since 2012.
New terms are available on a leasehold purchase.
The upstairs 4 bedroom property is available to purchase or rent. Please contact us for more information on the accommodation.
Lounge, kitchen, bathroom & 1 single room
2 double rooms and 1 single room
Trading Area: 42 m² (452 ft²)
Stockroom Area: 21.28 m² (229 ft²)
Freehold Price (Business & Property)
Leasehold Price (Business)
Business Annual Rent
Accommodation Annual Rent
Current rateable value £4,900
(Business rates relief available please see below *)
Fixtures & Fittings Approximate Value
Annual Net Profit
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 & 1 member of staff
Commissions on Services
Available on Request
Stock Value Estimated
• Freehold business
• 4 bedroom accommodation
• Close to local amenities
• Excellent town position
• Established for over 60 yrs