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Convenience & Off Licence with optional 3 Bedroom Accommodation

Newcastle upon Tyne

Freehold £425,000 | Leasehold £75,000 (Ref 5739)

Description

Great opportunity to buy this convenience store & off licence with attached spacious 3 bedroom property and additional 1 bedroom property to the side and garden & garage to the rear. 

Business

The property is located in the Fenham area of Newcastle upon Tyne to the west of the city centre. Long established business close to the city centre and populated within a dense residential and student area with schools and local amenities nearby. Situated on a busy main road with car parking outside the shop.

Trading area comprises 2m chest freezer, 4 x 1 m drinks chiller, 2 m chiller and separate kitchen & WC. The business has been run by the current owner since 1981. The sale is due to retirement by the current owners

Accommodation

The main accommodation comprises of a very spacious 3 bedroom 2 storey house. A doorway from the shop leads to the living room and onto a large kitchen area to the rear of the property. The stairs lead up to the landing and onto a further lounge and dining area and the 4 bedrooms. The 1 bedroom accommodation to the right side of the building compromises of a bedroom, lounge, bathroom with W.C. and kitchen. To the rear of the kitchen there is a door leading to the garden area which houses a garage.

Please contact us for further information on the accommodation.

Shop Dimensions

Trading Area 97.4m² (1,048f²)
Stockroom Area 8m² (86.1f²) with rear access

Main Accommodation Dimensions

First Floor
Living Room 20.9m² (225 f²)
Kitchen 27.4m² (295 f²)
Bedroom 8.3m² (89.3 f²)

Second Floor
Living Room 20.4m² (219.6 f²)
Kitchen 11.5m² (123.8 f²)
Bedroom 18.2 m² (195.9f²)
Bedroom 13.9 m² (149.6 f²)

Bedroom 8.3m² (89.3 f²)
WC 1.27 m² (13.7 f²)
Bathroom 5.1m² (54.9 f²) 

Financial Information

Freehold Price
£425,000

Leasehold Price
£75,000

Business Rent
£12,000

Accommodation Rent (3 Bedroom)
£5,400

Weekly Sales
£10,000

Business Rates
Current rateable value £7,800
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£15,000

Accounts Available
3 years

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 

Employees
Owner run business

Commissions on Services
£600/month

Stock Value Estimated
£25,000

Trading Hours
Monday – Friday 7:00 am – 7:30 pm
Saturday 8:00 am – 8:00 pm
Sunday 8:00 am – 4:00 pm

Key Features

• Freehold business

• 4 bedroom accommodation

• Additional 1 bedroom accommodation

• Car parking outside the shop

• Dense residential and student area 

• Established for nearly 40 yrs

Location

The property is located in Fenham of Newcastle upon Tyne to the west of the city centre. The area has a large number of students and close to the Town Moor. The property is located within a residential area.

Google Map Location

Convenience Store

Palmersville (Ref 5748)

Sales £7,000 PW

Rent £14,400

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Convenience Store & Post Office

Gateshead (Ref 5747)

Sales £10,000 PW

Rent £9,750

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Takeaway & 5 Bed Property

Durham (Ref 5745) 

Sales £4,500 PW

Gross profit 45-50%

Click Here For Details »

Profitable Convenience Store

Newcastle (Ref 5710)

Sales £16,000 PW

Annual Rent £14,000

Click Here For Details »

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

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Business Sales Ref 5734