Location:
The business is located on the main A695 road running through this popular Tyne Valley town. Stocksfield is on the south side of the River Tyne approximately 15 miles due west of Newcastle upon Tyne with good road access either via the A695 or A69. The town has an excellent infrastructure with schools, a tennis and golf club plus a railway station with direct services between Newcastle and Carlisle.
Business:
This is an established business but one which has changed direction significantly since the current owners took over in 2019. The core CTN business has always been the foundation of the trade but the premises were refurbished by the new owners and they then started to incorporate additional lines that included locally sourced gifts, food and drinks.
The shop has a loyal customer base, driven by the newspaper delivery service, but there is also passing trade from the free pull in parking on the main road. There is some tourism trade during the holiday months and Stocksfield is ideally situated to provide access throughout the Tyne Valley and also for Hadrians Wall.
The shop is licensed to sell alcohol till 10pm but the current owners do not take full advantage of this consent. The shop currently closes at 5pm weekdays and at midday on the weekends.
This is a rare to the market business opportunity ideal for owner operators to grow. The trading hours can certainly be extended and some additional lines could be added.
Premises:
Comprising a ground floor lock up unit.
Ground Floor
Sales Area circa 660 sq.ft. (61 sq.m)
Store 1 circa 130 sq.ft. (12 sq.m)
Store 2 circa 160 sq.ft. (15 sq.m.)
W.C.
EPC:
Rating - C.
Staff:
The business is operated by our client with the help of 1 full time and 1 part time member of staff.
Current Opening Hours:
Monday - Friday 6.30 am - 5.00 pm
Saturday 7.30 pm - 2.00 pm
Sunday 7.30 am - 12 midday
Tenure:
The premises are held on a 5 year lease from June 2019 at a current rent of £10,620 per annum. Further details are available on application.
Rates:
The premises are assessed as follows:
RATEABLE VALUE £7,400
Rates free incentives subject to individual status.
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.
