Shop for sale

Londis, Toronto Road, Thorney Close, Sunderland, Tyne and Wear, SR3 4HY

Offers in Region of £110,000

Property Description

Commercial information

  • Business for sale

Key features

  • Council lease store & 2 flats above
  • 4 bed freehold house
  • Turnover 31.3.17 395,776 + VAT
  • Scope to modernise/increase turnover
  • Within large housing estate
  • No immediate competition. Energy Rating C

Full description

Tenure: Leasehold

Description

A well established business located on a large Local Authority housing estate, which benefits from regular and local custom.

Council lease shop and flat available at a purchase price of £110,000. The freehold house is available by separate negotiation for an additional £110,000.

Location

The business is located within a large local authority housing estate on a corner site and is a very well established business, with the same owner for several decades. The business is located within a suburb of one of the larger population centres in North East England, benefitting from regular and local customers.

Internal Details

A spacious convenience store, partly L-shaped with a tiled floor, four half sized gondola aisles, newspaper and magazine display, a range of upright chillers and chest freezers, dairy chiller which also displays sandwiches and snacks, alcohol section with chilled beers and ice cream freezer. Sales counter with tobacco gantry behind and wall shelving for display of spirits.

Tenure

Numbers 35 and 35a, 37 and 37a Toronto Road, which are the retail areas on the ground floor, together with flats above, are leased from the local authority. The residential property, number 39 Toronto Road, is a freehold four bedroom dwelling and also available separately if desired for a further £110,000.

The current annual rental for the leased property is £11,000. The Council lease is currently under negotiation. Please ask for further details.

External Details

Stockroom to the rear, a garage and access to the first floor flat.

The Opportunity

Our client has owned this business for over 26 years. The family work part time in the store as they have other business interests which they now want to concentrate on for a change of lifestyle. This presents an excellent opportunity for a new owner-operator to work full time in the store and take advantage of the cost saving measures.

Staff

Our client works part time hours, when required, together with the assistance of one part time staff.

Trading Information

Turnover for the year ending 31 March 2017 was £395,776 plus Lottery, producing a gross profit of £52,256, with an additional £10,180 commission encompassing Lottery £4,292, PayPoint £2,053 and ATM £3,825.

Trading Hours

Monday to Friday - 7.30am - 9.15pm
Saturday and Sunday - 8.00am - 9.15pm

Regulatory

Premises licence.


More information from this agent

Nearest stations

  • South Hylton (1.5 mi)
  • Millfield (1.7 mi)
  • University (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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

  • South Hylton (1.5 mi)
  • Millfield (1.7 mi)
  • University (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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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