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Retail premises for sale

£37,000

Newcastle Upon Tyne NE4, UK

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Property description

Ref 5593 – Leasehold Convenience Store/Off Licence/Newsagent

Blacks Brokers are proud to bring to the market this leasehold convenience store with off licence and newsagent located in the much sought after area of Newcastle Upon Tyne, Tyne and Wear.


Introduction


Todays News has been trading for over 80 years, with our client in ownership since 2016. Over that time, it has firmly established itself within the local community and this business sector as a trusted and reliable supplier of convenience products including alcohol and newspapers.


Location


Newcastle upon Tyne is a university city on the River Tyne in the northeast. With its twin city, Gateshead, it was a major shipbuilding and manufacturing hub during the Industrial Revolution and is now a centre of business, arts and sciences. The area is well linked with A167 and A1, with this trading position on Westgate Road being very central, close to many other businesses, residents and attractions such as museums, gig venues and parks.


Reason for sale


Today's News is only being offered for sale as our client’s family commitments and ill health.


Lease


The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is 8 years in length. The current lease began in 2016 at a cost of £1,080 per calendar month.


Building layout and design


Today's News is housed within the ground floor of a large, corner plot property with signage on both sides and great branding displayed. The shop is protected with good quality, metal roller shutters when the business is closed. Both sides are glazed with offers on display in window displays. Inside, the shop is well presented. Products are displayed on wall shelving, display units and magazine and card racks. The shop has wooden flooring throughout and the counter is positioned to the rear with National Lottery, Paypoint and Payzone station. To the rear of the shop floor is a kitchenette, two storerooms, toilet and staff the first floor is a tenanted, domestic accommodation, this will be optional to a potential buyer, as tenant may be leaving with sale of business.


Staff


Today's News has two paye, part time employees and our client works full time in the business.


Financial details


Financial details are available upon a viewing of the business which has traded solidly over its trading history. Today's News generates weekly takings of £7,300 with news stand bringing an additional £650 and National Lottery an additional £900. Most customers were from the local area as one would expect with much passing trade due to this exceptional trading position.


Summary


This business offers a new owner very solid foundations to continue trading from, the strong and consistent weekly takings are highly profitable with a mix of income streams in place. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised and are welcomed by appointment only. Business: £37,000.

Please quote ref: 5593

Property info

What Zoopla users think of Newcastle upon Tyne

Overall rating:

  • currently 4 stars
Very good - 82% (221 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
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Parks & recreation
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Restaurants & shopping
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Community & safety
  • currently stars
  • 1
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 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
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  • 4
  • 5

Nearby transport

  • Newcastle (1.3 miles)
  • MetroCentre (1.3 miles)
  • Manors (1.7 miles)
  • Newcastle Airport (4.8 miles)
  • Durham Tees Valley Airport (33.4 miles)
  • Leeds Bradford International Airport (76.7 miles)
  • Newcastle International Ferry Terminal (8.0 miles)
  • North Shields Ferry Terminal (8.3 miles)
  • South Shields Ferry Terminal (8.4 miles)

Nearby schools

View all schools in Newcastle upon Tyne
  • Wingrove Primary School (0.3 miles)
  • Westgate Hill Primary School (0.4 miles)
  • Canning Street Primary School (0.5 miles)
  • Trinity Post 16 Solutions Ltd. (0.5 miles)
  • Trinity Solutions Academy (0.5 miles)
  • Newcastle Sixth Form College (0.9 miles)
  • Bahr Academy (0.4 miles)
  • Trinity Academy Newcastle (0.5 miles)
  • Dame Allan's Senior School (0.6 miles)
Note: Distances are straight line measurements

Local info for Newcastle upon Tyne

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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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