4 bedroom convenience store for sale

Highfield Road, South Shields, Tyne And Wear, NE34

Guide Price £50,000

Property Description

Commercial information

  • Business for sale

Key features

  • Main road location in residential area
  • Currently shop sales average 7,000 approximately
  • Long established business supported locally
  • 4 bedroom owners accommodation available with the freehold option only

Full description

Tenure: Leasehold

DESCRIPTION
The convenience store is located on a main road at the very heart of the town amongst a large number of quality residential dwellings within the immediate locality. The area is a busy route, with excellent passing trade.

Having successfully operated in the town for many years, this renowned business has earned an excellent reputation for offering good quality products with a warm, friendly service. The business enjoys an extensive and loyal customer base attracting repeat trade from the immediate vicinity as well as passing trade due to its main road location. Although trading well the current owner has been running the business to a pace that suits them, with a few changes such as longer opening times and marketing this business has the potential to grow.

The business also benefits from large accommodation above which used to be two flats but has now been converted into one large flat. This is a rare opportunity to purchase a well established local convenience store with excellent potential. The business occupies a prominent trading position in South Shields.

WEEKLY SALES
Currently shop sales average 7000 approximately.

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Mon,Wed,Thur 06 00 - 19 00
Tue,Fri,Sat 06 00 - 20 00
Sunday 06 00 - 19 00

STAFF
Managed by the owners with part time staff.

PROPERTY
The highly visible detached property occupies a convenient position within a densely populated residential area. The property is well presented throughout providing well appointed accommodation.

TRADING AREAS
The sales area is bright and airy creating a welcoming environment. The business is fitted to a good standard with a range of quality fixtures and fitments including ample refrigeration.

RESIDENTIAL ACCOMMODATION
4 bedroom property comprising of one en-suite, open plan kitchen with feature island, utility room, bathroom, lounge and conservatory.

TENURE
We are advised that the property is held on a 15 year lease, with a rent of 13,000 with 5 year rent reviews.

There is also a Freehold option available at 300,000.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
This is an exciting opportunity to purchase a successful convenience store. The business occupies a prominent trading position on a busy main road.

More information from this agent

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:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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 43131. 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 ALTIUS GROUP LIMITED, Kings. 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.

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