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.