2 bedroom convenience store for sale

Highfield Road, South Shields, Tyne And Wear, NE34

£245,000

Property Description

Full description

WELL ESTABLISHED NEWSAGENTS/ CONVENIENCE STORE - TYNE AND WEAR
Situated in the residential area of South Shields
Spacious 2 bedroom owners' accommodation
Early viewing is essential to fully appreciate
High amount of regular & repeat trade
Advised annual turnover of 312,000
Ideal partnership opportunity
Leasehold option available
Genuine reason for sale
FREEHOLD
Location

This fantastic newsagent is located on a main through road in South Shields, Tyne and Wear. The business enjoys the superb area surrounded by a wealth of residential properties, complementary businesses, and travel and parking facilities, these are all beneficial as they generate much of the businesses trade. South Shields is a coastal town at the mouth of the River Tyne, about 4.84 miles (7.79 km) downstream from Newcastle upon Tyne. Tyne and Wear and the inside towns and suburbs are easily reached through the A167.


Business History

Meridian Business Sales are delighted to offer to the market this ideal newsagent which has been established since 1965 and in the careful hands of our client since 1999. Our client is reluctantly offering the business to the market due to a desire to take a well deserved retirement.

Since our client took ownership of the business he has invested time and money into the business and premises to the point where it is in full walk in condition. Our client has continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively.

Our client informs us that annual turnover currently runs at 312,000 which is derived from the sale of a wide range of convenience goods, newspapers/ magazines, gifts cards, stationary, alcohol, cigarettes and many more.

Due to the excellent location of the business, it enjoys a large daily passing trade and high footfall alongside having a high level of regular and repeat trade. There is massive scope for a new hands on owner to develop the business further as the premises can be extended to a minimum of 1,000sqft.

This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.
Opening hours

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

Accommodation
Well maintained detached property briefly comprising:

GROUND FLOOR
Secure shuttered entrance leading to:

Shop floor

Serving counter

EPOS system

PDQ machine

Drinks fridges

Chest freezers

Various shelving stocked with sweets, alcohol, stationary etc.

Tobacco gantry

Newspapers/ magazine stand

REAR

Yard with parking

Toilet

Stairs leading to the first floor

FIRST FLOOR
Large 2 bedroom owners' accommodation

1 x lounge

1 x large living room/ dining area

1 x large kitchen

1 x office

1 x snug

1 x utility room

1 x family bathroom

2 x bedrooms - one en-suite

The owners' accommodation used to be two, two bedroom flats and can easily be converted back into those if desired.

The premises are also air-conditioned providing an ambient environment all year round. There is also a conservatory on the side of the premises, with a side entrance leading to the stairs.

Nearest stations

  • Chichester (0.9 mi)
  • South Shields (1.0 mi)
  • Tyne Dock (1.5 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

  • Chichester (0.9 mi)
  • South Shields (1.0 mi)
  • Tyne Dock (1.5 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.

Disclaimer - Property reference 4138. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Meridian Business Sales Ltd, Bolton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.