The business is located on St Thomas’ Street close to the junction with John Street and in an area of mixed office, retail and residential space. The City is enjoying some significant investment with a new road bridge and trunk road into the centre to support the good public transport links. The Metro line runs into Newcastle and ultimately the Airport and the railway station offers direct links to London and other parts of the UK.
This is a well-established business which has been trading successfully in the City for a number of years but in our clients’ hands for the last 2 years. The opportunity has been placed on the market as our client is looking to concentrate on their other business concerns.
The retail shop offers a wide range of food items including confectionery, drinks, dry goods and alcohol. The majority of the items sold are “short date” items which generally means the best before date has passed but not the use by date. The shop has a strong reputation for this niche market with a regular and loyal customer base which could be grown further by new enthusiastic owners through marketing and social media platforms.
Within the immediate area there are a number of new student developments being built and it would be expected that this influx of residents would benefit the shop trade
The unit is configured to provide a ground floor retail area together with storage rooms and staff space to the upper floor.
Comprise a self-contained ground floor retail unit with forming part of a busy parade.
We are verbally informed that the premises are held on 10 year lease from 2016 with a passing rent of £20,000 per annum. Interested parties should seek legal confirmation of this.