Newsagents for sale in Tyne and Wear

View the "Freehold Post Office & Convenience Store in Tyne and Wear" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Freehold Post Office & Convenience Store in Tyne and Wear

Tyne and Wear, England

  • Freehold Price: £250,000  Price Reduced arrow_drop_down
  • Leasehold Price: £85,000  Price Reduced arrow_drop_down
  • Weekly Turnover: £7,000
Seller Reference: NB-C9212
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Business Description
 
 
 
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Seller Reference: NB-C9212
Request Details
Business Description
Nationwide are delighted to present to the market NEWS, CONFECTIONERY, TOBACCO, CONVENIENCE GROCERIES with MAIN POST OFFICE. Situated in a parade, main road trading position, NEWCASTLE-UPON-TYNE.

We understand the business has been in the same family since 1938 & the present owner now wishes to retire.

SPACIOUS SALES SHOP probably in the region of 900 sq. ft. sales area, lino floor, suspended ceiling with concealed lighting. Counter with post office combination counter, in addition there is a post office counter with anti-bandit screen (2 positions), shelving, greeting card display section, 3 single door glass fronted fridges etc.

Storeroom
Kitchen
2 w.c's

Turnover : £7,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,100 p.w. We are advised that the post office income showed £68,315 for last year. This included the commission paid in respect of an external ATM machine & the commission from the sale of on line national lottery tickets plus scratchcards.

OFFERS INVITED TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £250,000 plus STOCK AT VALUATION (£20,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £85,000 Freehold : £250,000 (C9212)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold, Freehold
Is accommodation included?:
The accommodation in the form of 2 SELF CONTAINED MAISONETTES over each with FULL GAS FIRED CENTRAL HEATING, have the potential to be let to provide a rental income, if not required for personal use. Each MAISONETTE comprises:

4 Bedrooms (1 double, 3 single)
Bathroom with bath, w.c. & wash hand basin
Large Lounge
KitchenYard at rear
Listed by:
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