Convenience Store for sale

PALLION NEWS & OFF LICENCE St. Lukes Terrace, Sunderland, Tyne And Wear, SR4

Offers in Region of 1,068 sq. ft. | £235,000

Property Description

Commercial information

  • 1,068 sq ft (99 sq m)

Key features

  • Busy and well established Newsagents | off licence in a very prominent position
  • Located on the bustling St Lukes Terrrace in Pallion, Sunderland
  • Good levels of captive trade from the surrounding areas and passing trade is generated by the busy shopping area
  • Well equipped and modern Newsagents ready for trade, with ATM
  • Average weekly sales 11k - 13k ex commissions
  • Adjusted net profit approximately 81,500
  • Additional income by way of the National Lottery, Paypoint and ATM circa 570 per week
  • There is potential to develop this business further by becoming a licensed premises subject to planning consent
  • The EPC rating is: F
  • Early viewings are recommended to appreciate the location and opportunity

Full description

Tenure: Freehold

Jonathon Lewis are delighted to offer the opportunity to acquire this busy and well equipped Newsagents and off licence. This is an excellent and rare opportunity to purchase a well established Freehold Newsagents and general store, with an excellent weekly turnover.

This busy convenience store is prominently located on St Lukes Terrace, in the heart of a bustling residential suburb to the West of Sunderland City Centre. The business, Pallion News, forms part of a busy shopping parade along two main streets opposite one another. The surrounding area is densely populated with a mix of residential, commercial and retail occupiers such as Pizza Hut, Greggs, and Domino's Pizza. St Lukes Terrace is nearby commercial retailers such as Matalan, Poundstretcher, Dunelm and many independent retailers.


DESCRIPTION

The premises benefits from an aluminium shop front, is double fronted, and the retail space is arranged over the ground floor, having frontage on to the main road.

Internally, the newsagents is a good size, with the retail space approximately 464 sq ft and ancillary areas totalling 604 sq ft. The retail area is very well laid out and offers a broad range of goods comprising convenience items, soft drinks, confectionary, refrigeration, greetings cards, large tobacco sales counter, and ATM, with the National Lottery and Paypoint providing an additional income. The property further benefits from a stock room, garage, office and kitchen, with wc facilities, central heating, CCTV, suspended ceiling with tray lighting, alarm security system, and roller shutters. There are good levels of captive trade from the surrounding houses and there is passing trade generated from the main road. There is pull in parking to the front of the property and this is usually quite accessible.

There is potential to develop this business further by becoming a licensed premises. Early viewing is recommended to appreciate the location and opportunity.



TENURE

The property is Freehold and offers are sought in the region on 235,000.



RATES PAYABLE

Interested parties should contact the Local Rating Authority to determine the precise rates payable.



LEGAL COSTS

Each party is to be responsible for their own costs in connection with the legal transaction.



ENERGY PERFORMANCE

Certificate available upon request
.


FIXTURES & FITTINGS

The business is fully fitted and equipped for the trade. A full inventory can be made available to bona fide purchasers.



INCOME

We have been advised by the owners that the business generates average weekly sales of 11,000 to 13,000.



STAFF

Currently operated by the owners with the help of other members of staff.



OPENING HOURS:

Monday - Saturday 5am - 6pm

Sunday - 5am - 1pm




DISCLAIMER

None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the in going buyer to ensure that they are in working order. Any areas, measurements and distances given are approximate only.



VIEWINGS: STRICTLY BY APPOINTMENT ONLY

To arrange an appointment to view this property contact our Seaham branch on 0191 5816652.

Opening Hours
Monday to Friday 9.00am - 5.30pm
Saturday 9.00am - 2.00pm



IMPORTANT NOTE

The premises are offered subject to contract, availability and confirmation of details. The particulars do not form part of any contract and whilst believed to be correct, no responsibility can be accepted for any inaccuracies or errors. No other statements contained in the particulars are to be relied upon as a statement of fact and are a general outline only for the guidance of intending purchasers or tenants, and should be verified by you on inspection or by your solicitor as to the correctness of these statements. The photographs show only parts of the property as they appeared at the time taken. You should not rely on statements by Jonathon Lewis Ltd in the particulars or by word of mouth or in writing as being factually accurate about the property/business, its condition or its value. The vendor(s) or lessor(s) do not make or give Jonathon Lewis Ltd (nor their joint agents) nor any person in their employment any authority to make or give any representation or warranty whatsoever in relation to this property. Unless otherwise stated, all prices and rentals quoted are exclusive of Value Added Tax to which they may be subject


STAND OUT FROM THE CROWD ! If you are thinking of moving home or currently have your property on the market with another Estate Agent and feel you are not receiving the results they promised, we would be delighted to hear from you. One of our expert valuers will carry out a free no obligation valuation of your property and give you specialist marketing advice.


DON'T JUST TAKE OUR WORD FOR IT...

"Carol and I would like to thank you all for your very professional and efficient service during the house sale. Your recommendations were most realistic and clearly stated, jargon free and to the point. We both felt very comfortable dealing with you all and felt quite certain that you knew your business, area and clientele well. Each time we visited the Office we were sure of a warm and courteous welcome. We would have no hesitation in recommending you to family and friends. Thank you once again."
Mr and Mrs A, Seaham

Nearest stations

  • Pallion (0.2 mi)
  • Millfield (0.3 mi)
  • University (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Jonathon Lewis, Seaham

Unit 2 North Quay North Terrace Seaham SR7 7EU

0191 581 6652 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

  • Pallion (0.2 mi)
  • Millfield (0.3 mi)
  • University (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Jonathon Lewis, Seaham

Unit 2 North Quay North Terrace Seaham SR7 7EU

0191 581 6652 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 pallionnews1006. 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 Jonathon Lewis, Seaham. 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.