Skip to main content Skip to footer

Retail premises for sale

£25,000

4-5 Lowland Road, Durham DH7

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
Hilton Smythe is delighted to welcome to the market this well established and busy newsagent business, which is ideally located within the village of Brandon, County Durham.

The business was originally established in 1976 and has been in our client’s careful ownership since 2000. Only now is the business being offered to the market due to our client’s desire for a well-deserved retirement and other interests. The business currently operates 7 days per week and generates a turnover in the region of £294,000 per annum, with a gross profit of approximately 20%, as per the 2015 accounts.

Our client offers a wide variety of goods, including newspapers and magazines, greeting cards, wrapping paper, toys, party products, stationery, confectionery, soft drinks, snacks and tobacco products, to name a few, as well as Lottery services.

The property boasts 116 sq. Metres of floor space, is very well maintained and presented to a very high standard. The newsagents have a spacious sale and display area, which is fitted out to suit the trade, to the rear is an office, kitchen, WC and two storage rooms.

The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could expand the product range offered or embark on a modest marketing campaign, to promote the goods and services. There is also scope to introduce a newspaper delivery service in the area.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Location
Newstore occupies substantial ground floor, lock-up premises, ideally located within the village of Brandon, County Durham. The business is situated within a small retail area and is surrounded by shops and businesses, therefore benefiting from a high volume of footfall. The area of the property is situated within a good-sized housing estate, from which the business derives much trade. The newsagent further benefits from a large free car park.

Brandon is a village in County Durham, it is situated a short distance to the southwest of Durham. According to the 2011 census, the village had a residential population of 9,566. The village grew from a sparsely populated agricultural area into a populous mining district.

The area of the business is well served by the public transport system, with a bus stop directly outside the retail area. The nearest railway station is in Durham, which is approximately 3½ miles away. The area is also well served by the a-roads, with the A690 being just a short drive away, which links to the national a-road and motorway networks. Bishop Auckland is approximately 8½ miles away and Hartlepool is 20½ miles away.
Premises
Substantial ground floor, lock-up premises, briefly comprising:

The large retail premise is two units converted into one, providing a large open plan space with potential to increase product lines by introducing more shelving and displays.

The epos till is situated at the serving area to the right of the shop, with a tobacco gantry behind.

The perimeter of the shop is complimented with display stands, news and magazine racks, a double door bottle refrigerator and general shelving, whilst card displays, confectionery stands and general retail shelving make up the middle areas of the shop.

To the rear of the service area is a good size office with the computer system for the epos till and surveillance screen for the CCTV system. The shop also benefits from a Redcare monitored alarm system.

Leading off from the office are kitchen facilities and a WC.

To the side of the office is a large store room, with a second smaller room to the rear of the first. There are two large safes here and it offers secure storage for tobacco products.

External:

Large car park to rear.
Tenure
We are advised Leasehold:

Original lease length: 5 years

Remaining lease length: 2 years

Rent: £11,500 per annum
hours
The business is open:

Monday – Saturday: 7.00am – 6.00pm

Sunday: 7.00am – 1.00pm
staff
The business is owner run and managed with 3 x staff members.
Financial profile
The business generates a turnover in the region of £294,000 per annum, with a gross profit of approximately 20%, as per the 2015 accounts.

What Zoopla users think of Brandon

Overall rating:

  • currently 4 stars
Very good - 80% (16 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 Brandon:

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

  • Durham (2.8 miles)
  • Bishop Auckland (6.7 miles)
  • Chester-le-Street (7.5 miles)
  • Durham Tees Valley Airport (18.6 miles)
  • Newcastle Airport (20.0 miles)
  • Leeds Bradford International Airport (61.2 miles)
  • Newcastle International Ferry Terminal (18.2 miles)
  • South Shields Ferry Terminal (18.7 miles)
  • North Shields Ferry Terminal (19.0 miles)

Nearby schools

View all schools in County Durham
  • Brandon Primary School (0.1 miles)
  • Browney Primary Academy (0.6 miles)
  • St Patrick's Roman Catholic Voluntary Aided Primary School, Langley Moor (0.7 miles)
  • Durham Sixth Form Centre (3.0 miles)
  • New College Durham (3.4 miles)
  • Bishop Auckland College (7.4 miles)
  • Durham High School for Girls (1.8 miles)
  • Durham Community Business College for Technology and Enterprise (2.1 miles)
  • Durham School (2.4 miles)
Note: Distances are straight line measurements

Local info for County Durham

About the neighbours in DH7

AskMe Q&A for County Durham

Ask a question

See all AskMe Q&A in County Durham

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

11 more properties like this

View all Lowland Road commercial property for sale