Location:
The business is situated on the main road running through the village centre. Burnopfield is a pleasant and expanding village located approximately 7 miles from Newcastle and 15 miles from Durham. Car and public transport access into either City centre is straightforward via the A692 or A691. The premises form part of a parade of shops and other occupiers include a bakery, takeaway, dental surgery and a hair salon. There is ample free on street parking directly outside the units.
Business:
This business has been in the same ownership since 2015 but has now been placed on the market as the owner is looking to reduce their commercial commitments.
The business trades as a traditional CTN, convenience store with off licence and Post Office. The premises are fully fitted and equipped for the trade and are in good order with little for any new owner to attend to on acquisition. Over the last few years the owners have invested in new chiller units and LED lighting and CCTV has been installed to the retail element.
There is scope to extend the lines sold and the sales shop could be increased by reconfiguring the storage areas to the rear. The current owner has looked into incorporating a range of homeware and essential hardware items as they believe that this would be a popular addition to the business. There is little doubt that there are more people shopping locally and these essential day to day items should be a good seller in any convenience store.
Property:
Comprises a single storey lock up retail unit forming part of a larger building and parade.
Ground Floor; Total floor area 165 sq.m. (1,775 sq.ft.).
Retail Area
Store 1
Store 2
Staff W.C.
Trading Hours
Monday - Sunday 8.00am – 10.00pm
EPC
Rating - B
Staff
Currently operated by the owner with the help of 3 members of staff.
Fixtures & Fittings
A full inventory would be made available to bona fide enquiries prior to an exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £12,250
Rates incentives available subject to status.
Tenure
The premises are held on a 10 year lease from 2015. The current rent is £10,000 per annum.
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.
Agents Notes
Subject to appointment by POCL.