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Retail premises for sale

£44,950

Spennymoor DL16, UK

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Property description

Blacks Brokers are delighted to bring to the market this leasehold convenience store located in Spennymoor, County Durham.

Lifestyle Express has been trading at Attwood Terrace for many years, originally being a post office with the current owner purchasing the business in 2014 and it has successfully been trading as a fully licenced convenience store since that time. Spennymoor is a town in County Durham that is approximately 3 miles south of Durham. The business is only being offered for sale due to the current owner’s plans to relocate and therefore this has created an exceptional opportunity for a new owner to enjoy the business and build upon the turnover and add to the overall profitability.

Externally the business delivers superb kerb appeal with its strong Lifestyle Express signage. The business is effectively triple fronted and has large display windows which help attract customers from passing traffic on Attwood Terrace.

Once inside the building the layout and design of the shop can be fully appreciated. The business benefits from a large sales floor which is presented to a high standard. To the rear of the building is a stock room. To the first floor is living accommodation that has been converted into two flats, 1 x one bedroom and 1 x 3 bedroomed. The flats generate a lucrative secondary income stream that adds to the saleability of the business as a whole and makes this business an exciting opportunity.

The business owner operates the business full time and is supported by 2 additional staff members. Financially the retail business produces a steady turnover with healthy gross profit margins. The business supports its retail trade with paypoint, payzone, national lottery and a cash machine.

Whilst the business delivers strong trading figures there are a number of ways that a new owner could push the business forward and certainly an introduction of a bake-off area would add a new dimension to the trade. The business would ideally suit a hands-on owner operator who could reintroduce more lines and push the business forward to build on the turnover.

Lifestyle Express is a first class proposition that delivers tremendous scope to increase sales operating within this delightful village location. This proposition also includes a lucrative second income stream with rental yield being produced from the 2 flats above the shop. Blacks Brokers advise early viewings as a speedy completion is anticipated.

Business: £44,950.

Please quote ref: 5361

Property info

What Zoopla users think of Tudhoe Colliery

Overall rating:

  • currently 3 stars
Good - 58%

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
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  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
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  • 4
  • 5

Nearby transport

  • Durham (4.5 miles)
  • Bishop Auckland (5.3 miles)
  • Shildon (6.3 miles)
  • Durham Tees Valley Airport (15.5 miles)
  • Newcastle Airport (22.8 miles)
  • Leeds Bradford International Airport (58.7 miles)
  • Transporter Bridge North Side (17.0 miles)
  • Transporter Bridge South Side (17.0 miles)
  • Newcastle International Ferry Terminal (20.1 miles)

Nearby schools

View all schools in County Durham
  • Tudhoe Colliery Primary School (0.3 miles)
  • St Charles' Roman Catholic Voluntary Aided Primary School (0.6 miles)
  • North Park Primary School (0.9 miles)
  • Durham Sixth Form Centre (4.6 miles)
  • New College Durham (5.7 miles)
  • Bishop Auckland College (6.1 miles)
  • The Meadows School (1.6 miles)
  • Whitworth Park School and Sixth Form College (1.7 miles)
  • The Oaks Secondary School (1.8 miles)
Note: Distances are straight line measurements

Local info for County Durham

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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