Newsagent and 5 Bedroom Living Premises (Rent reduced) in Newcastle upon Tyne

  • Leasehold Price: £50,000
  • Weekly Turnover: £5,500
Newcastle upon Tyne, Tyne and Wear, England
Seller Ref:5867
For Sale

Newsagent and 5 Bedroom Living Premises (Rent reduced) in Newcastle upon Tyne

Newcastle upon Tyne, Tyne and Wear, England
Seller Ref:5867
  • Leasehold Price: £50,000
  • Weekly Turnover: £5,500

Overview

Seller Ref: 5867

Description

Key Features
Weekly sales circa. £5,500
Annual Rent £18,000
Spacious 5 bed property
Additional Council Premises
Established over 30 years
No current premises licence (new tenant can apply to council)

Business
A very well established newsagent and convenience store with and spacious 5 bedroom accommodation. Equipped for the sale of cigarettes, newspapers, magazines, confectionery, convenience goods, frozen & chilled products. F&F’s include a 2.5m Pepsi Max drinks chiller, 0.75m Pepsi Max drinks chiller, 1.2m drinks chiller and 2m chest freezer.

This business has been established for over 30 years with current ownership since 1992.

Premises
Ground floor business premises incorporating stockroom and bathroom to the rear. Internal access to first floor accommodation incorporating 5 bedrooms and a large bathroom.
Internal access to ground floor council owned premises.

Rent Breakdown
Total Annual Rent £18,000 (£1,500 per month)
Business and living premises £14,400 (£1,200 per month)
Council premises £3,600 (£300 per month)

Rateable Value
£6,400

On-Site Services
Lottery & Paypoint Services
Amazon parcels

Premises Licence
Monday to Saturday 8:00am-10:30pm
Sunday 10:00am-10:30pm

Property Type
A1 Retail

Accommodation
The accommodation incorporates five bedrooms, living room, kitchen and bathroom and is accessible through an external door separate from the business. Further details available on request.

Disclaimer Notice
Any financial information shown for the business shown is based on verbal information provided by the vendor. A1 Businesses for Sale makes no warranty as to the accuracy of this information and advise that any interested parties make the relevant enquires to satisfy themselves of any particulars related to the sale.
All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 Businesses for Sale). See our disclaimer page for more details.

Viewings
Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.

Leasehold Terms:
New lease terms available
Trading Hours:
Monday to Saturday 7:00am-8:00pm Sunday 7:00am-6:30pm
Number of Employees:
No staff to be transferred with the business
Number of Bedrooms:
5
Location Details:
This business is situated in Walkergate, a suburb of Newcastle upon Tyne in the North East of England. Locates in a large residential area with no direct competition and within close proximity to local amenities.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
Yes
Is this In administrative/receivership:
No
Is stock included:
Stock at valuation
Website address:
https://a1businesses.co.uk/property/5867/

Listed By:

If this business isn't quite right for you, click 'Show Similar Results' for others you may be interested in. If this is for you, enter your details below to enquire today, we'll show you more suggestions once you've sent your enquiry to this seller.

Show Similar Results

Schedule a Tour

Your information

Find out more about this business opportunity

Your Personal Details * Required Field

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?
You must agree before submitting.

Similar Listings

Find out more about this business opportunity

Compare listings

Compare
Send Enquiry