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Convenience / Off Licence

Gateshead £40,000 Leasehold (fees apply) REF: NE1430

Location

The business is situated within the densely populated suburb of which lies just to the west of Felling town centre. The surrounding area comprises densely populated residential housing and there are strong levels of captive trade with designated parking to the front for any passing trade.

Business

The business forms part of a small “village centre” which provides a couple of shops and includes a hot food takeaway plus a pub.  A convenience store has operated from this location since the parade opened but the business has been placed on the market by the current owner after nearly 19 years as they are moving into another commercial venture. 

The shop is a traditional convenience store and off licence and in addition to the general trade the shop is also a Lotto and Paypoint outlet. The premises are fully fitted and equipped for the trade and included in the sale are wall chillers and freezers together with sales counters and a CCTV system. The shop has strong levels of captive trade being located within a densely populated residential suburb close to a school and there is also some passing trade from the pub nearby.

The business is currently operated by family members and would be most profitable in similar hands but the extensive retail space means that it could be made part of a chain and the lines extended dramatically.  There is a large storage and delivery area in the basement which would allow new owners   to buy in bulk and maximise margins.

Property

Comprises an extensive ground floor and basement unit within a three storey purpose built parade.  Accommodation;

Ground Floor

Trading Sales Shop circa 70.6 sq.m. (760 sq.ft.) with sales counters, wine chillers, dairy chiller, beer fridge, freezers, Ice Cream freezer, card racks, shelving, Lotto cards display, cash registers and a CCTV system.

Access unavailable;

Vacant Retail Unit circa 70 sq.m. (755 sq.ft.)

Basement Stores up to 182 sq.m. (1,960 sq.ft.)

Toilets

EPC

Rating – E

Fixtures & Fittings

A full inventory would be made available prior to an exchange of contracts.

Staff

Currently operated by family members.

Trading Hours

Monday to Sunday              10.00am - 6.00pm

(client opens later in the summer)

Rates

The premises are currently assessed as follows:

Rateable Value     £7,000

Rates free incentives available subject to status.

Tenure

We are verbally informed that the premises are available by way of a new 6 year local authority lease at a passing rent of £8,000 per annum.  Interested parties should seek legal confirmation of this.

Money Laundering Regulations

In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

 

 

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

Similar Retail opportunities

If you have something more specific in mind then please give us a call on 0191 487 8566, we're always happy to help.

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