Freehold Post Office and Convenience Store with 4-Bedroom Living Premises in Newcastle upon Tyne
Newcastle upon Tyne, Tyne and WearEst. 30 years
- Status
FOR SALE
- Advert ID
659350
- Reference
6124 / Rightbiz
- Call Agent:
- Freehold: £425,000 (Stock at valuation)
- Turnover: £364,000 (£7,000 per week)
- Profit: On request
Business Details
FREEHOLD Post Office, Convenience & Off Licence Store with 4 Bed Living Premises Newcastle upon Tyne
Key Features
- Premier Branded Post Office, Convenience Store & Off Licence
- Post Office salary £16,000
- Weekly sales £7,000
- Living Premises 4 bedroom
- Freehold Only
- Lottery services
- Established 30 years
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.
The Location
Centrally located in Highfield, 1.5 miles to the west of Rowlands Gill in South Tynside this well established Convenience Store & Post Office acts as a key hub for local residents and commuters passing through via Smailes Lane on this outer Gateshead area.
The Business
Operating as Premier outlet, the store provides everyday grocery essentials in addition to tobacco, newspapers, confectionery, crisps and snacks and a range of alcohol.
The internal Post Office branch delivers mailing and counter options, including Royal Mail and Parcelforce Worldwide parcel shipping and Drop & Go services.
Enhancing its status as a modern logistics point, the location includes an automated, 24/7 InPost Locker situated on the front left of the storefront, allowing for round-the-clock parcel collection and returns independently of standard shop trading hours.
The Opportunity
Growth potential for a new owner-operator to expand into modern convenience such as food-to-go, high-margin vape and alcohol lines, introducing local home-delivery partnerships and extending the store’s operating hours.
Business Premises
Ground floor premises incorporates ground floor retail zone, two internal storage areas and toilet. There is an unused area of 68m² adjacent to the trading area which could be used to extend the current retail space.
Living Premises
Ground floor incorporating living room, kitchen, bathroom and hallway stairs leading to the first floor incorporating 3 double bedrooms, 1 single room and 3 closets.
Rateable Value: £7,400
The rateable value is used to calculate your rates bill so this is not the amount you will pay
Fixtures & Fittings
Fully fitted with refrigeration systems, including a 7.5m 10-door Arneg chiller unit, a 3m 4-door Arneg chiller, alongside 1.5m standing freezer, 1m Walls freezer and a 2m chest freezer
Employees
Employees TBC. TUPE rules may apply.
EPC Rating
EPC rating D expires 18 July 2029
Trading Hours
Monday to Friday 7:00am to 9:00pm
Saturday 7:30am to 9:00pm
Sunday 7:30am to 1:00pm and 6:00pm to 8:00pm
Premises Licence Hours
Monday to Sunday 6:00am to 11:00pm
Property Type
A1/A2 Retail and Financial/Professional Services
Tenure
Freehold only
Business Measurements
Ground floor trading area 45.13m²
Ground floor unused area 68.11m²
Ground floor storage area 28.51m²
Ground floor rear storage area 21.01m²
Ground floor post office 7.86m²
Total Ground floor retail zone 170m²
Property Type
A1/A2 Retail and Financial/Professional Services
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.
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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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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.
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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.
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
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