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Retail premises for sale

£60,000 (£22.39/sq. ft)

Balmoral Drive, Felling, Gateshead NE10

2,680 sq. ft*
Interested in this property? Call +44 191 686 1492 * or

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

Property features

  • Business for sale
  • General store
  • Fixtures and fittings included
  • Nia 249sqm
  • Quick sale

Property description

Summary

The subject premises is a well established business with the current occupier trading as a general store for over 8 years. The premises is compact and easy to operate with a vast range of fixtures and fittings including a sales counter, tobacco gantry, liquor display, newspaper/magazine and scratch card displays. The premises benefits from liquor licence, CCTV security system, paypoint, and atm commissions. The premises is provided with ample free parking to the front.

Location

The subject property is located on Balmoral Drive, Gateshead, which lies approximately 1 mile from Gateshead town centre. This location is provided by a reasonable level of services and facilities together with established transport links, such as A167 and A184. Specifically the premises lies adjacent to the 'The Last Orders' public house benefiting from repeat custom.

Accommodation

Accommodation comprises;

Access from street level leading to;


Ground floor


Convenience store; fully fitted and equipped for the trade, suspended ceiling, florescent lighting.
Nia approximately: 96.67sqm (1,040.57sqft).

There is great potential for the willing buyer to extend the convenience store with additional accommodation adjacent to the property. This accommodation is included in the lease agreement, however not in use.
Nia approximately: 69.50msqm (748.12sqft).


Basement


Access from internal staircase leading to; garage, W.C. Facilities and kitchen.
Nia approximately: 82.80sqm (891.28sqft).

Total nia approximately: 248.97sqm (2,679.96sqft).

Business Details

We are advised the business currently enjoys healthy sales per week. Accounts are available upon request. There is scope to increase turnover by introducing Lotto.

The adjacent public house 'The Last Orders' also provides a good level of repeat custom through the use of atm commissions.

Lease Terms

The business is held by way of 6 year lease with the local authority from 2017 at 7,500 per annum.

Rateable Value

The adopted rateable value being 7,000 as effective form 01 April 2017. Source .

EPC

Available upon request.

VAT

We are advised that VAT is payable on this transaction.

Additional Information

For further information please contact our office direct on , or alternatively via email on: With regards to viewing the subject property / site / business, this is to be done strictly by appointment through Keith Pattinson Commercial Department, please contact us to arrange an internal inspection, or to register your interest.

Property info

What Zoopla users think of Felling

Overall rating:

  • currently 3.5 stars
Good - 71% (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 Felling:

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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

  • Heworth (0.9 miles)
  • Manors (2.0 miles)
  • Newcastle (2.1 miles)
  • Newcastle Airport (7.7 miles)
  • Durham Tees Valley Airport (30.9 miles)
  • Leeds Bradford International Airport (74.9 miles)
  • Newcastle International Ferry Terminal (5.9 miles)
  • South Shields Ferry Terminal (6.4 miles)
  • North Shields Ferry Terminal (6.5 miles)

Nearby schools

View all schools in Gateshead
  • Falla Park Community Primary School (0.1 miles)
  • Carr Hill Community Primary School (0.3 miles)
  • Brandling Primary School (0.5 miles)
  • Yeshiva Lezeirim Preparatory Academy (1.2 miles)
  • Gateshead College (1.5 miles)
  • Discovery School (2.3 miles)
  • Ateres Girls High School (0.5 miles)
  • Thomas Hepburn Community Academy (0.7 miles)
  • Furrowfield School (0.7 miles)
Note: Distances are straight line measurements

Local info for Gateshead

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Pattinson - Commercial, NE1 on +44 191 686 1492 * (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 Pattinson - Commercial, and do not constitute property particulars. Please contact Pattinson - 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.

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