Skip to main content Skip to footer

Retail premises for sale

£20,000

Alexander House, Stocksfield NE43

Interested in this property? Call +44 1204 351867 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Business
Open to Offers

Hilton Smythe is delighted to welcome to the market Branch End News. This well used newsagents was originally established in the 1860’s but was only very recently taken over by our client in 2014. Our client is now looking to sell the business due to the desire to move abroad.

This is a highly profitable business with great potential to increase turnover. The current turnover is circa £206,000 per annum with a gross profit of 25%. One way in which the business could boost trade would be to open later into the evenings. The shop currently shuts at 6pm Monday-Saturday. By opening later hours there is more potential to increase custom.

The business is only recently looking to add a lottery terminal, we feel this would highly benefit the store and could generate a great extra income. The store currently offers a Paypoint, newspapers, cash machine and the store is also a Hermes agent. The current income for these facilities are Paypoint £500 per week and newspaper bill £1,600 per week. The store has a newspaper delivery round but could look to introduce a groceries delivery round.

There is little competition in the area which allows the business to benefits from loyal repeat trade. This is a highly populated area and our client sees a generous amount of regular faces. This is the go to store within the area and so the purchaser should focus on stock and making sure that most convenience products are available.

Above the store is a flat. There may be an opportunity to purchase the freehold of the property

This is a fantastic opportunity for a purchaser looking to buy a profitable store. Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Branch End News is located in Stocksfield, Northumberland.

The business is situated in a highly densely populated location. There is little competition in the area. Just up the road from the premise is a pharmacy, car showroom and a garage. In the other direction is a park which is perfect in the summer as cold drinks and ice cream are always great sellers.

The business is in a fantastic location, the road on which the business is located is the main road in Stocksfield. The A695 runs from Gateshead near Newcastle Upon Tyne through to Hexham where it connects to major a-roads. This main road location means that there is always a high amount of passing trade. Just outside the property is a bus stop which has regular routes into Newcastle Upon Tyne.

There is free on street parking allowing for customer to easily call in the store.
Premises
The property is well singed and has two large display windows. There is a terraced area at the front of the property which is used fordisplaying signs.

Inside the store is the main retail space which is open plan. There is perimeter shelving around and there are freezers in the centre of the room. The counter is to the back of the shop and has a clear view of the whole shop.

Equipment includes-

Counter

Cigarette gantry

Confectionary display

Till

Wall displays and racks

Double door drinks chiller

Large dairy chiller

Ice cream freezer

News stand

Freezers

Card displays

To the back of the property is a paper room, kitchen, toilet and store room. There is an exit leading to the rear yard.
Tenure
We are advised the business is Leasehold.

Original lease length: 10 years

Remaining lease length: Over 4 years

Rent: £600 per month
hours
The business is open-

Monday - Saturday: 6am – 6pm

Sunday: 7am – 12:30pm
staff
The business is run and managed by our client with the help of 1 part time member of staff and 12 paper boys.
Financial profile
The current turnover is circa £206,000 per annum with a gross profit of 25%.

Paypoint- £2,000 per month

Newspaper bill- £1,600 per week

Paper rounds - £400 per week

Hermes & dry cleaning - £200 per month

Lottery being introduced.

What Zoopla users think of Stocksfield

Overall rating:

  • currently 4 stars
Very good - 79% (17 ratings)

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

Rate Stocksfield:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 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
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Stocksfield (0.7 miles)
  • Prudhoe (1.9 miles)
  • Riding Mill (2.9 miles)
  • Newcastle Airport (10.3 miles)
  • Durham Tees Valley Airport (35.6 miles)
  • Leeds Bradford International Airport (75.4 miles)
  • Newcastle International Ferry Terminal (18.1 miles)
  • North Shields Ferry Terminal (18.5 miles)
  • South Shields Ferry Terminal (18.6 miles)

Nearby schools

View all schools in Northumberland
  • Broomley First School (0.5 miles)
  • Mickley First School (0.6 miles)
  • Prudhoe Castle First School (1.7 miles)
  • Prudhoe Community High School (2.0 miles)
  • Cambian Dilston College (5.8 miles)
  • Delta Independent School (6.9 miles)
  • Ovingham Middle School (1.6 miles)
  • Highfield Middle School (1.8 miles)
  • Mowden Hall School (2.8 miles)
Note: Distances are straight line measurements

Local info for Northumberland

About the neighbours in NE43

AskMe Q&A for Northumberland

Ask a question

See all AskMe Q&A in Northumberland

For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

Contact Hilton Smythe Commercial about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial 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.

Properties on the market nearby

12 more properties like this

View all Alexandra Terrace commercial property for sale