CALL 01904 867175

Convenience & Off Licence with 6 Bedroom Property

Gateshead

FREEHOLD £260,000 (Ref 5741)

Description

Excellent freehold opportunity to acquire a large detached six bedroom property with a well established convenience & off licence business trading within a residential suburb of Gateshead.

Business

Located in a housing estate, the shop is in the heart of a popular residential area with a good local customer base. The current owner has been operating  for 3 years and has increased trade since purchasing.

Fixtures and fittings include 3 x 2m chest freezer, 1 x chest freezer, 4 x 1 m drinks chillers. The shop floor is open plan with modern shelving units. Good sized stockroom area with WC and kitchen is located to the rear. There is a genuine reason for sale.

Accommodation

The property comprises of a large 6 bedroom accommodation on the first floor in good condition and ideal for a family residence. It is currently on a short term tenancy agreement and generating an income of £6,400 per annum.

Please contact us for further information on the accommodation.

Shop Dimensions

Trading Area 101.82 m² (1,096 f²)
Stockroom Area Total 50.5 m² (543.5 f²) with rear access

Accommodation Dimensions

Available on Request

Financial Information

Freehold Price (Business & Property)
£260,000

Leasehold Price
Not available 

Weekly Sales
£7,500

Accommodation Rental Income
£6,500

Business Rates
Current rateable value £8,700
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value
£10,000

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
£250/week

Stock Value Estimated
£18,000

Trading Hours
Monday – Friday 9:00 am – 9:00 pm
Saturday 9:00 am – 9:00 pm
Sunday 9:00 am – 9:00 pm

Key Features

• Freehold opportunity

6 bedroom accommodation

• Internal cash machine

• Car parking outside the shop

Location

The property is located in a suburb of Gateshead within a residential area. 

Google Map Location

2 Bedroom Property with Convenience Store & Off Licence

Hartlepool (Ref 5717)

Sales £7,500 PW

Prime Location

Click For More Details »

Two 3 Bedroom Properties & Convenience Store

Witton Gilbert (Ref 5722)

Sales £3,500 PW

Rent Income £10,800

Click For More Details »

2 Bedroom Property with Convenience Store & Off Licence

Darlington (Ref 5684)

Sales £9,000 PW

Nearby Development

Click For More Details »

3 Bedroom Property with Convenience Store & Off Licence

Darlington (Ref 5725)

Sales £3,500 PW

LEASEHOLD £17,500

Click For More 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

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

Business Sales Ref 5741