Page main header

Skip to main content
Close main menu
Open main menu

Property Listing Details

Retail premises for sale

Balmoral Drive, Felling, Gateshead NE10

£50,000

(£18.66/sq. ft)

Features

  • floor area2,680 sq. ft
  • Business for sale
  • General store
  • Fixtures and fittings included
  • Nia 249sqm
  • Quick sale

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 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.

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Falla Park Community Primary School 0.1 miles
  • Carr Hill Community Primary School 0.3 miles
  • Heworth 0.9 miles
  • Manors 2 miles

Want an expert valuation of your home?

Book an agent valuation
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.