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.
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.
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).
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.
The business is held by way of 6 year lease with the local authority from 2017 at 7,500 per annum.
The adopted rateable value being 7,000 as effective form 01 April 2017. Source .
Available upon request.
We are advised that VAT is payable on this transaction.
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, 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.
The Grainger Card Company, Unit 183-186, Grainger Market, Newcastle City Centre NE1
Property descriptions and related information displayed on this page are marketing materials provided by Pattinson - Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information.