FOR SALE
06/03/24
607844
5881 / Rightbiz
Key Features
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.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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 SolicitorThe data showed regarding this advert 'Freehold Newsagent, Convenience & Off Licence with 3 level 2 Bed & Loft Room Property in Wallsend - 5881 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.