LOCATION: The business is located on Welbeck Road which is a very busy road through Walker there are a range of other independently owned businesses on the street. Walker is a suburb of Newcastle upon Tyne and is densely populated; Welbeck Road in particular enjoys a high level of traffic and foot fall. Parking is available on the street.
DESCRIPTION: Well-established business having traded from this busy location for circa 16 years. It is therefore very well-known and well regarded by many regular and longstanding customers throughout the surrounding area. This is a convenience store/Off licence with sales of confectionary, snacks, fresh dairy products, frozen foods, toiletries, breakfast cereals a large selection of wines, beers and spirits as well as having a tobacco display. The business also offers The National Lottery as well as cash pointed the front of the premises. The unit is spacious having circa 130 sq. m. and consist large open plan retail area, store with separate W/C facilities. Massive scope to increase trade
PREMIUM: £42,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill
RENTAL: £20,000 per annum
TERMS: The property is available to let on a new 15 years lease on a full repairing and insuring basis for a term to be agreed subject to periodic rent reviews
BUSINESS RATES: The 2019 Rating List entry is Rate able Value £7,700
SIZE: Approximately 947 sq ft shop unit
OPENING HOURS: Monday - Sunday 8.00am - 10.00pm
STAFF: Family Run
UPPER PARTS: The business benefits from having a separate flat which is situated directly above the business. The accommodation is over the first and second floor and consist 3 bedrooms, kitchen, living room and bathroom. There is also a walled in rooftop garden for socializing during the summer months.
TURNOVER: We are advised that the yearly turnover is approximately £312,000 per annum
ACCOUNTS: Available on request
LEGAL COST: To be confirmed
LOCAL AUTHORITY: Newcastle City Council
ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 61: C Rating. A copy of this property’s energy performance certificate is available on request
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.
HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account
FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition
AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:- 1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries. 2. These details do not constitute any part of an offer or contract. 3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties. 4. All rent prices, fees and charges are quoted exclusive of VAT
VIEWINGS: Through London Properties by appointment only
Monday - Sunday 8.00am - 10.00pm
London Properties are pleased to offer to the market this well established convenience store & off license located in a prominent position and close to a well populated residential area. Walker is a suburb of Newcastle upon Tyne and is densely populated; Welbeck Road in particular enjoys a high level of traffic and foot fall. Parking is available on the street. Well-established business having traded from this busy location for circa 16 years. It is therefore very well-known and well regarded by
The property is available to let on a new 15 years lease on a full repairing and insuring basis for a term to be agreed subject to periodic rent reviews