Freehold 3 Bed Property & Newsagent
Jarrow, Tyne & Wear
SOLD SUBJECT TO CONTRACT
A well established newsagent & store on a main road near a shopping centre within a central location in Jarrow. Reduced to £219,995 freehold and £19,995 leasehold for quick sale.
Yearly rent is £11,500. Weekly turnover is £18,000 (inc. Lottery/Pay Point) and £5,000 (exc. services). Commissions earned from Lottery, Pay Point and Hermes parcels over £300 per week. Town centre location. Nearby bus station 100 yards. Town centre 100 yards. Metro station 500 yards.
Additional sales opportunities: Post Office (offered) with £30.000 annual commission. Introducing an alcohol licence. Possible sublet part shop for deli sandwiches earning £75 per week and £3900 per annum. Hours extended to 21.00pm Monday to Sunday giving additional 25 hours per week.
Present owner for 16 years. Retirement forced sale.
Weekly Sales Average
Current rateable value £7,900
(Business rates relief available please see below *)
3 Years Available
Annual Net Profit
Available on Request
* (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
No current alcohol licence
2 part time non-contracted staff
Commissions on Services
Approx £15,000 per year
Monday – Friday 6:30-6:00 pm
Saturday 7:00-6:00 pm
Sunday 7:00 – 2:00 pm
Retail Area 657 m² (614 ft²)
Storeroom 11.6 m² (125 ft²) with rear access
Total Area 80 m² (862 ft²)
• Well established business over 30 years
• Opportunity to increase sales
• Lottery & Paypoint
• Accounts Available
Located in the centre of Jarrow in the North East of England.
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