CALL 01904 867175

Convenience Store & 5 Bedroom Property

Middlesbrough

£64,950 Leasehold (Ref 5705)

Business Description

Excellent opportunity to acquire a profitable convenience store located in Middlesborough which offers a very spacious premises for a potential buyer. The business operates under the Premier banner with a large shop floor trading area and refitted to an exceptionally high standard. Offering National Lottery & Paypoint services. The upstairs accommodation has 5 bedrooms, lounge and 2 bathrooms & could house up to 2 families. The downstairs comprises of Kitchen and hallway The flat has been renovated by the current owner with a spending of over £20,000 to modernise it throughout. There is an additional unoccupied flat with 4 rooms which could be accommodated for living with some expenditure. 

Financial Information

Leasehold Price
£64,950

Weekly Sales
To be confirmed

Lease Information
Expires 28/03/2037

Annual Rent Business & Property
£15,000

Business Council Rates
Current rateable value £7,700
(Business rates relief available please see below *)

Property Council Rate
£1,200

Post Office Commissions
Not applicable

Fixtures & Fittings Estimated Value
£25,000

Accounts
1 Year Trading Accounts Available

Annual Net Profit
Available on request

Gross Profit Margin
20%

* (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 

Staff
2 part time non-contracted

Commissions on Services
Approx £100 per week

Stock Value Estimated
£35,000

Trading Hours
Monday – Friday 07:00-10:00 pm
Saturday 07:00-10:00 pm
Sunday 07:00 – 10:00 pm

Ground Floor
Retail Area 96.8 m² (1,042 ft²)
Storerooms Total 53.6 m² (577 ft²) with rear access

Key Features

•  18 years remaining on lease

•  Over 1,000 ft² Trading Area

•  5 Bedroom Accommodation

•  Lottery & Paypoint

•  EPOS till system & CCTV

Accommodation

Main Flat
6 Bedrooms (4 double, 2 single)
Lounge
Kitchen with Fitted Units
2 In-built Storage Cupboard
Bathroom with Bath
W.C. & Wash Hand Basin

Secondary Flat
4 Rooms
Habitable but currently no bathroom or kitchen facilities

Rear yard area approx 400 ft² with garage and shutter suitable for a car

Location

Located in Middlesbrough in the North East of England

Location on Map

Similar Businesses for Sale

Please call us on 01904 867175 for more information on these or any other businesses

Arrange a viewing or contact us for more information

Please call us on 01904 867175 for more information on this or any other business or alternatively fill in our enquiry form below.

Business Enquiry Form
Please enter your details below and we will contact you with more information or to arrange a viewing

Convenience Store & 6 Bedroom Property Ref 5705