Thriving Convenience Store with 4-Bed Accommodation for Sale in Wallsend
Wallsend, Tyne and Wear
- Status
UNDER OFFER
- Advert ID
631411
- Reference
5896 / Rightbiz
- Call Agent:
- Leasehold: £75,000 (Stock at valuation)
- or
- Freehold: £275,000 (Stock at valuation)
- Rent: £9,600 (£800 per month)
- Turnover: On request
- Profit: On request
Key Features
- Retail sales area
- Sale due to personal reasons
- Security of tenure lease
- Shop opening hours
Business Details
PRICE REDUCED Convenience Store & Off Licence & Optional 4 Bed Accommodation in Wallsend
Key Features
- Weekly sales exc. services £5,763 (1 Jun 25 to 30 Nov 25)
- Business rent £9,600 (annual)
- Business & premises rent £19,500
- High spec refit 2023
- New refrigeration units & CCTV
- Lottery & PayPoint services
- Residential location
Viewings
Any viewings for the business and/or property are by appointment only. Under no circumstances should any direct approach be made to the owner or their employees
Location
This shop is located within Wallsend, a suburb of Newcastle upon Tyne in the North East of England and within a densely populated residential area.
Business Description
This non branded convenience and off licence store is fully equipped for the sale of all general convenience goods, frozen/chilled products, newspapers/magazines, cigarettes, confectionery and off licence products. The trading area incorporates a high spec refit and incorporates 3 Eurofridge chillers & freezer, suspended ceiling with integrated LED lights and CCTV internal security system
Fixtures and Fittings
2 x Eurofridge 3.8m standing chiller
Eurofridge 1.9m standing freezer
Arneg 3.8m standing chiller
Walls 0.9m chest freezer
Single till lane PayPoint EPOS till systems
Business Rent: £9,600
OR
Business & Living Premises Rent: £19,500
Rateable Value: £3,500
The rateable value is used to calculate your rates bill so this is not the amount you will pay)
Business Premises
Ground floor retail premises incorporating the trading area and garage for storage.
Living Premises
Ground floor living premises incorporating kitchen and hallway. First floor incorporating 3 bedrooms, bathroom and W.C. Second floor incorporating 1 bedroom.
On-Site Services
National Lottery & PayPoint
Employees
The business is operated by 2 employees and will NOT be transferred with the business
Shop Trading Hours
Monday to Saturday 7:00am-9:00pm
Sunday 8:00am-9:00pm
Premises Licence Hours
Monday to Saturday 8:00am-11:00pm (TBC)
Sunday 8:00am-10:00pm (TBC)
Property Type
A1/A2 Retail and Financial/Professional Services
Tenure
Freehold and Leasehold
Lease Terms
New lease terms available
EPC
EPC rating C valid until 12 October 2032
Business Measurements
Ground floor retail area 72.1m² (776ft²)
Ground floor garage 16.3m² (176ft²)
Disclaimer Notice
The information shown for the business is based on a site assessment and financial documentation provided to us, A1 Businesses Ltd. by the vendor. We have been informed by the vendor that the financial information provided to us is correct and reliable at the time of marketing. We, A1 Businesses Ltd cannot accept liability as to the accuracy of this information and advise any interested parties to make their own enquires in order to satisfy themselves that all information provided, particularly financial, is satisfactory before making any commitment to purchase the business.
All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 Businesses for Sale). See our disclaimer page for more details.
Contact Agent
Listing Statistics
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Contact the seller for more details, or book a viewing
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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.
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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.
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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.
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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.'.
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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.
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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
