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Property & Retail Opportunity


£114,950 Freehold (Ref 5679)

Business Description

Well presented convenience store with 400 sq/ft of shop floor space and facilities upstairs for a 2 bedroom property accomodation but in need of development. The location is on a busy street in a beautiful seaside town. The business ceased trading in October 2017 due to owner not having resources to run the business. Potential to re-open and continue running the business. Post Office counter services remain part of the business. We are advised to inform clients to note the fact there is a Co-operative on the opposite side of the road.

Please contact us for more information.

Financial Information

Freehold Price

Weekly Sales
£7,500 (before closure)

Annual Sales
£390,000 (before closure)

Council Rates
Current rateable value £5,400
(Business rates relief available please see below *)

Post Office Salary
Available on Request (before closure)

Fixtures & Fittings Estimated Value
Available on Request

Annual Net Profit
£30,000 from accounts before closure

Gross Profit Margin
Available on Request

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

Further Details

Premises Licence
The premises has a licence to sell alcohol

Commissions on Services
Available on Request

Stock Value Estimated
Available on Request

Trading Hours
Currently closed

Ground Floor
Retail Area 37 m² (400 ft²)
Stockroom details unavailable

Upper Floor
Available on Request

Key Features

•  2 bedroom accommodation upstairs

•  Freehold

•  Business is currently closed

•  Post Office counter services remain part of the business

•  Wine, beer, dairy chillers & all fixtures and fittings are included in the asking price

•  Electric Shutters


Situated in Newbiggin-by-the-Sea in Northumberland. The shop is in an idyllic seaside town on a high street in the North of England.

Location on Map

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Property & Retail Opportunity 5679