Wallsend Freehold Newsagent & Convenience Store with 3-Level 2-Bed Property for Sale
Wallsend, Tyne and Wear
- Status
FOR SALE
- Date Submitted:
06/03/24
- Advert ID
607844
- Reference
5881 / Rightbiz
- Call Agent:
- Freehold: £285,000 (Stock at valuation)
- Turnover: £416,000 (£8,000 Per week)
- Net Profit: On request
Key Features
- With Car Park
- Close to Local Amenities
- Fully Fitted
- Established Business
- Attractive Business
- Accounts Available
- Prime Location
Business Details
Freehold Newsagent, Convenience & Off Licence with 3 level 2 Bed & Loft Room Property in Wallsend
Key Features
- Weekly Sale circ. £8,000 (TBC)
- Freehold business and living premises
- 2 bed property with loft room
- Established over 30 years
- Lottery services
- No PayPoint or PayZone
The Location
Located in Wallsend, a town in the metropolitan borough of North Tyneside at the eastern end of Hadrian's Wall and 4 miles east of Newcastle upon Tyne. Prominently situated on Station Road and 1/4 mile from Wallsend High Street with unrestricted off road parking to the side of the property.
Business
This well established newsagent & off licence business and premises has been under the ownership of our clients since 2009. The shop offers a range of news & magazines, grocery, confectionery, drinks, snacks and cigarettes with a selection of wines, spirits & beers. Fixtures and fittings include an air conditioning system, 1m standing chiller, 0.6m Lucozade drinks chiller, 0.6m Coca Cola chiller, 1m two door chiller and Walls 1.2m chest freezer.
Business Premises
The ground floor business premises incorporates the shop trading area, internal storage and external access to the W.C. at the rear of the property.
Non Business Premises
To the side of the property is the front entrance leading to the ground floor incorporating porch, living room and kitchen. Stairway access from the living room leads to the hallway on the first floor incorporating one double bedroom, one single bedroom, laundry room and bathroom. Stairway access from the hallway leads to the loft bedroom.
Opportunity
There is opportunity to develop the business further by introducing other services to the premises or extending the opening hours past the current early closing time to take advantage of the licensing hours until 11:00pm Monday to Saturday.
Trading Information
3 years of audited accounts can be made available to interested parties following a viewing of the business and premises.
Staff Employed
Weekly rota: Business owner 36 hours and 3 part time employees each working 18 hours.
Trading Hours
Monday and Thursday 6:00am to 6:00pm
Tuesday, Wednesday, Friday and Saturday 6:00am to 7:30pm
Sunday 6:00am to 3:00pm
Premises Licence Hours
Monday to Saturday 6:00am to 11:00pm
Sunday 6:00am to 10:30pm
Services
National Lottery (NO Paypoint or PayZone).
Property Type
A1/A2 Retail and Financial/Professional Services
EPC Rating
EPC not available
Rateable Value: £2,650
The rateable value is used to calculate your rates bill so this is not the amount you will pay
Tenure
Freehold Only
Business Measurements
Ground floor retail zone 24.1m² (259ft²)
Ground floor Internal storage area 4.6m² (49ft²)
Ground floor W.C. 3.84m² (41t²)
Ground floor Total 32.54m² (350ft²)
Residential Measurements
Ground floor 28.67m² (308ft²)
First floor 36.24m² (390ft²)
Second floor 23.55m² (254ft²)
Total Floor Area 88.46m² (952ft²)
Disclaimer Notice
All information provided within the advert is subject to our standard terms and conditions of A1 Businesses for Sale. See our disclaimer page for more details.
Viewings
Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
