Convenience store with flat for sale in Newcastle upon Tyne with free parking available
Newcastle upon Tyne, Tyne and Wear
- Status
FOR SALE
- Advert ID
639498
- Leasehold: £120,000 (Stock at valuation)
- Turnover: £442,000 (£8,500 per week)
- Profit: On request
Key Features
- No business rates payable
- Off-licence shop for sale
- Opportunity for immediate business operation
- Opportunity for immediate earnings
Business Details
High potential Convenience store for sale with accommodations
For Sale: Fully Fitted Convenience Store (Londis) with 2/3 Bedroom Flat Above
High Potential: Excellent opportunity to grow the business.
No Business Rates: Significant cost savings.
Free Parking: Space for up to 15 cars, convenient for customers.
Equipment: All fridges and freezers included with warranty.
Security & Safety: CCTV, electric shutters, and fire alarm installed.
Fully Equipped: All fittings and fixtures included, plus a cash machine.
Location: Within 200 yards of a nursery/family hub, care home, and local clubs – ideal for footfall.
Rent: £1666 per month (covers both shop and flat above).
Lease: 20-year renewable lease.
Additional: Includes a spacious 2/3 bedroom flat above the shop, offering potential rental income or owner accommodation.
Most suitable and profitable for a couple/family run.
Selling due to bigger commitments in other ventures.
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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.
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