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Shop for sale

Park View, Seaham, County Durham, SR7

Under Offer £119,950

Property Description

Commercial information

  • Business for sale

Key features

  • Main Road Location close to Schools
  • Relied upon popular with locals
  • Densley populated residential area
  • 2 apartments including owners accomodation

Full description

Tenure: Freehold

The business is located in the lively harbour town of Seaham on Durhams Heritage Coast. The business premises is situated in a densely populated residential area close to many local amenities including schools and major transport links.

Mill News is a profitable newsagents stocking a selection of newspapers, magazines, confectionary, soft drinks as well as cigarettes and also benefits from a alcohol licence. The business has been under the very caring ownership of our client for over 26 years who have established an excellent reputation with the local community. It is well supported by local residents and forms an integral part of the local community. As well as this the location of the shop allows it to benefit from the local high school during lunch time trade. Turnover is 200,000 and despite this successful figure the business still offers further potential to increase income by increasing opening hours.

Included in this sale are 2 flats located above the business premises. Both properties currently have tenants occupying them and produce weekly rental for our client. This is an excellent opportunity to purchase a successful and relied upon business with good weekly turnover.

Currently shop sales average 4,000 approximately.

Current records and accounts can be inspected when viewing.

Monday - Friday 04:30 - 18:00
Saturday 04:30 - 18:00
Sunday 04:30 - 15:00

Managed and run by the owners.

The business premises occupy the ground floor of a traditional end terraced propery. The property is of red brick appearance and the business benefits from large display windows either side of the entrance way.

The shop floor is well presented with functional display stands and shelving around the property. A customer service counter is located to the rear and right hand side of the shop floor displaying a selection of confectionary along with a chilled counter offering freshly prepared food and lunch items. Staff WC facilities and storage are located to the rear of the property beyond the service counter.

Included in this sale is residential accommodation in the form of 2 apartments.

Apartment 1 is situated above the business premises accessed via a separate entrance from the front of property and consists of 1 double bedroom, a bathroom, large living area and kitchen with dining/seating area.

Apartment 2 is located to the right hand side of the business and has a bedsit arrangement with sleeping/living area, bathroom and kitchenette. Entrance is via a separate doorway located at the rear of the building.

Both apartments are presented in good condition and currently provide a rental income of 75 - 90 per week to the current owner.

We are advised that the property is freehold.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

The sale of Mill News provides buyers with an excellent opportunity to purchase a successful and relied upon business as well as letting accommodation - early viewing essential!

More information from this agent

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