Retail Space for sale in Newcastle upon Tyne

View the "Convenience Store & Off Licence in Jesmond, Newcastle upon Tyne" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Convenience Store & Off Licence in Jesmond, Newcastle upon Tyne

Newcastle upon Tyne, Tyne and Wear, England

  • Leasehold Price: £35,000
  • Weekly Turnover: £2,500
Seller Reference: 5733
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Business Description
 
 
 
 
 
 
 
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Seller Reference: 5733
Request Details
Business Description
We are pleased to offer to the market an opportunity to acquire a new lease for a convenience store and off licence business currently trading in a prime location within the heart of Jesmond, the most affluent suburb of Newcastle upon Tyne.

Business

The business is situated on a street corner within a principal residential area of Jesmond and interspersed amongst other local businesses such as shops and cafes. The location is easy walking distance to local amenities and is within close proximity to the metro station. A new owner could use this to their benefit to develop the current business or to introduce a new trade on the premises.

The business comes fully fitted but is currently underperforming due to restricted opening hours and limited staff. The shop floor ground level currently comprises of an open plan trading area with modern F&Fs including a 4m chiller unit, 3m chest freezer, a filter coffee machine and modern shelving system. Ancillary areas include stockroom space to the rear with W.C. upstairs and large cellar space beneath the shop floor. There is the facility for car parking outside the premises for non residents but restrictions apply.

This location offers the potential and opportunity for a new owner to come in and develop the current business or start a new business within a different classification. Please call us for further details.

Shop Dimensions
Trading Area: 45.2 m² (486 ft²)
Stockroom Area: 5.6 m² (60 ft²)

Business Annual Rent
£12,000

Business Rates
Current rateable value £5,200
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£12,000

Accounts Available
3 years

* (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

Premises Licence
The premises has a licence to sell alcohol

Employees
1 non contracted member of staff

Commissions on Services
Available on Request

Stock Value Estimated
£7,500

Key Features
• Commercial opportunity

• Excellent location

• Fully fitted business

• Car parking outside the premises

• Cellar space beneath shop floor
Trading hours:
Monday – Saturday 3:00 pm – 9:00 pm Sunday 6:00 pm – 10:00 pm
Number of employees:
1
Tenure:
Leasehold
Location Details:
The business located in Jesmond, one of the most affluent residential suburbs of Newcastle upon Tyne. The shop is situated within a principal residential area and dominated by shops and cafes within close proximity to the metro station.
Leasehold Term:
New lease available
Listed by:
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