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Convenience Store

Washington £110,000 Leasehold REF: NE1509

Location

The business is situated within the densely populated suburb of Donwell which lies on the north eastern outskirts of Washington. The surrounding area comprises predominantly residential housing and there are strong levels of captive trade with ample on-street external parking.

Business

The business forms part of a busy suburban parade which provides a range of shops including a very busy hot food takeaway.  A convenience store has operated from this location for a number of years but the business has been placed on the market by the current owner as they wish to concentrate on their other business 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 in excellent order and were entirely refurbished in 2016 and included the installation of fitted wall chillers and freezers together with sales counters and a CCTV system. The shop has strong levels of captive trade being located at the main entrance to a densely populated residential suburb.

The business is predominantly operated under management and would be an ideal opportunity for owner operators who could drive the sales forward.  The seller is of the opinion  that weekly sales could be in excess of £15,000 weekly.

Viewing is recommended to appreciate the fit and finish of the premises and to see extent of the unit.

Property

Comprises an extensive ground floor unit within 2 separate flats above.  Accommodation;

Ground Floor

Sales Shop Extending to over 83.6 sq.m. (900 sq.ft.) with sales counters, wine chillers, dairy chiller, beer fridge, freezers, Ice Cream freezer, shelving, Lotto cards display, cash registers and a CCTV system. 

Stores

W.C.

First Floor (not inspected).

Flat 1      3 bed accommodation

Flat 2      2 bed accommodation

Both flats are occupied by the same family and generate a total of £800 per month.

EPC

Rating – C

Fixtures & Fittings

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

Staff

Currently operated by our client (part time) with the help of 1 full time and 3 part time members of staff.

Trading Hours

Monday to Sunday              8.00am - 9.00pm

Rates

The premises are currently assessed as follows:

Rateable Value     £7,600

Rates free incentives available subject to status.

Tenure

The premises are held on lease at a passing rent of £20,000 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.

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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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