The property is situated within a busy secondary shopping area serving the densely populated residential Cowpen Estate on the east side of the town.
The estate lies just of Cowpen Road which is one of the main routes into Blyth town centre from the A189 Spine Road and the estate itself is around 2 miles west of the town centre. The town lies approximately 15 miles north east of Newcastle with good road links north and south.
This opportunity comprises a convenience store and off licence operating from a modern and spacious retail area with extensive storage space to the rear.
The business has been in our client’s ownership since 2000 and has been trading as a successful family run business for over 20 years. The business has been placed on the market as our clients wish to plan for their retirement. The premises are extensive and benefit from a good quality shop fit with very little for any new owner to attend to on takeover. In addition to the retail area there are large stores which are invaluable to any high volume convenience store operation.
The business has strong levels of captive trade and any passing trade is supported by the designated parking to the front of the premises. In the past the shop offered a “bake off” range of pies and hot food which could be reinstated by a new operator. There is a fully fitted and equipped catering kitchen which is located within the rear of the building
Comprises a self-contained ground floor retail unit with rear stores, forming part of a 2 storey detached property;
Retail Area circa 1,480 sq.ft. (137.50 sq.m.) with tiled floor, suspended ceiling, recessed spot lighting, sales counters, freezers, chillers, display shelving and air conditioning system.
Rear Storage - totalling 801.3 sq.ft. (74.44 sq.m.)
Kitchen - 225 sq.ft. (20.90 sq.m.)
Office - 110 sq.ft. (10.22 sq.m.)
2 x W.C.’s
Utility Room - plumbed for washing machine.
Monday - Saturday 6.00 am - 9.00 pm
Sunday 7.00 am - 9.00 pm
This will be provided to interested parties by our client once viewings have taken place.
The business is to be sold free of staff.
Mains electricity, gas, water and sewerage services are connected to the property. The electricity costs are discounted as the solar panels provide electricity back to the grid.
We have been advised by our client that there are currently no rates payable for the business.
The premises are available on a new lease at a rent of £30,000 per annum. Full terms to be agreed.
Rating - C
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.