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Convenience / Off Licence

Cramlington Offers over £150,000 Freehold (fees apply) REF: NE1287

Location

The property is located within a busy secondary shopping area which serves this suburb approximately 2 miles to the south east of the main town centre. The immediate area comprises a mixture of retail and leisure accommodation together with densely populated residential housing. There are good levels of both captive and passing trade and the shop has the benefit of pull in parking to the front and with bus stops and a large hospital nearby.

Business

This opportunity comprises a long established business which has been in the clients’ ownership for almost 20 years but is being placed on the market as they wish to retire. The premises offer a compact and easily managed retail area plus additional storage space and is fully fitted and equipped for the trade with little for any new owner to attend to on takeover.  There are high levels of captive trade from the local residents and the workers from the commercial properties nearby but the main road also generates a certain level of passing trade, particularly as there is free on street parking outside, The shop has a Paypoint and Lotto outlet, all of which generate commissions and pull additional customers into the shop.

To the upper floors there is a very pleasant 1 bed flat which could be suitable for either owner occupation or could be left with the rental income should a new owner wish. Viewing is recommended to appreciate this rare opportunity and the available residential accommodation.

Property

Comprises a mid-terraced three storey property with ground floor retail shop and a separate residential dwelling above.

Ground Floor                    

Retail Area           28 m²  (300 ft²) with scope to increase.

Stores                  

W.C.

First Floor (living accommodation with separate access)

Lounge                

Kitchen                

Bathroom             fully fitted with bath and shower

Bedroom              double

External

Designated Parking for one car.

EPC

TBC

Financial Information

This will be provided to interested parties by our client once a formal viewing has taken place.

Fixtures & Fittings

An inventory will be provided prior to a sale.

Trading Hours (licensed till 11pm)

Monday – Saturday                            6.00 am – 8.00 pm

Sunday                                                6.00 am – 1.00 pm

Staff

The business is currently run by our client with the help of part time members of staff but ideal for owner operation.

Services

Mains electricity, gas, water and sewerage services are connected to the property.  There is a security alarm and an internal CCTV system.

Rates

The property is assessed as follows:

Rateable Value     £3,450

Rates free incentives are available subject to status.

Leasehold Option

Goodwill £40,000.  Rent incl. flat £13,500 per annum.

 

 

 

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