Shop for sale

Kensington Terrace, Gateshead, Tyne And Wear, NE11

£175,000

Property Description

Full description

WELL EQUIPPED NEWSAGENTS - TYNE AND WEAR
Situated in the desirable town of Dunston
High amount of regular and repeat trade
Scope to further develop the business
Advised annual turnover of 350,000
Alcohol licence (7 days till 10pm)
Genuine reason for sale
Walk in condition
Easy to run
FREEHOLD


Location
This excellent newsagents is situated on a through road in the desirable town of Dunston, Gateshead, Tyne and Wear. The business is surrounded by complimentary businesses, residential properties, leisure facilities and much more deriving much of the businesses trade. Dunston is now split into two distinct areas separated by the well known A1 dual carriageway, which runs through Dunston, and provides transport links to almost anywhere. The town is easily reached via the A1, the A184 and the A692 making commuting easy for anyone who wishes to visit.

Business History
Meridian Business Sales are delighted to offer to the market this brilliant newsagents which was established IN 1929. The only reason this ideal business is being offered to the market is due to our clients desire to take a well deserved retirement.

Since the business was established our clients have continually developed and improved the business introducing new lines and income streams which have enhanced the business massively.

Our client informs us that they currently generate a respectable annual turnover which is derived from offering a range of products such as food, drinks, newspapers, magazines, the national lottery and much more.

The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. Due to the superb location of the business it enjoys a large daily passing trade and high footfall.

The business has been run at a pace to suit our clients lifestyle meaning that there is scope for a future purchaser to further develop the business by introducing longer opening hours.

The business is well equipped throughout and is being sold with all fixtures and fittings included in the sale price which is a huge plus for a new owner as additional funds will not need to be spent on modernising for many years.

This is a superb opportunity to purchase a true lifestyle business which is a great base to build upon and as such early viewing is highly recommended as this fantastic business is not to be missed.


Tenure
We are advised Freehold

Opening Hours
Monday: 6:00am - 6:00pm
Tuesday: 6:00am - 6:00pm
Wednesday: 6:00am - 7:00pm
Thursday: 6:00am - 6:00pm
Friday: 6:00am - 7:00pm
Saturday: 6:00am - 7:30pm
Sunday: 6:00am - 6:00pm

Accommodation
Well signed property briefly comprising:

GROUND FLOOR
Secure entrance leading to:

Shop floor

Serving counter

Various shelving/ display areas

Drinks fridges

FIRST FLOOR
There is scope to create a 1 bedroom flat above the shop

Nearest stations

  • Dunston (0.1 mi)
  • MetroCentre (1.0 mi)
  • Newcastle Central (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Dunston (0.1 mi)
  • MetroCentre (1.0 mi)
  • Newcastle Central (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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