Good levels of captive trade from the surrounding areas and passing trade is generated by the busy shopping centre.
Very well equipped Newsagents ready for trade
Additional income by way of the National Lottery and Paypoint £36k
Average weekly sales £9k - £11k
Rent £20k Per annum
Gross Profit £87k + Additional Lottery & Paypoint income of £36k
Great Business Opportunity
Viewing comes highly recommended!
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Jonathon Lewis are delighted to offer for sale the busy and well equipped Newsagents. This is an excellent and rare opportunity to purchase a well established newsagents and general store, with a fantastic weekly turnover. Located in the heart of the busy Castle Dene Shopping Centre, Peterlee.
The surrounding area is densely populated with a mix of residential, commercial and retail occupiers. Castle Dene Shopping Centre is the main shopping location for the District of Easington / Peterlee, with over 80 retail shops and services, including Argos, Boots, Iceland and many independent retailers. The shopping centre hosts many special events for the local community during times such as Easter, Christmas and during the summer holidays. The shopping centre has 779 parking spaces and parking at the centre is free for the first 3 hours (2 hours free parking in the Aldi car park). Longer term parking is also available above Wilko.
Castle Dene shopping centre is located half a mile to the east of the main A19 trunk road. Approaching from the North or South, take the Peterlee turn off onto the B1320 Burnhope Way which takes you directly into the town centre, which Castle Dene Shopping Centre dominates. The shopping centre's bus station is served by Arriva Bus and Go North East.
The premises are double fronted and arranged over the ground floor, having frontage to the main shopping centre. Internally, the newsagents is approximately 510 sq ft with ancillary areas totalling 100 sq ft. The well established and busy newsagents comes fully equipped for trade and is very well laid out offering a broad range of goods, soft drinks, and confectionary, refrigeration, and large tobacco sales counter with the National Lottery and Paypoint providing an additional income. The premises benefits from wc facilities, central heating, CCTV, and suspended ceiling with tray lighting. There are good levels of captive trade from the surrounding areas and passing trade is generated by the busy shopping centre.
The property is Leasehold and offers are sought in the region on £30,000.
We have been advised that the premises are available by way of a new lease at a commencing rent of £20,000 per annum.
Interested parties should contact the Local Rating Authority to determine the precise rates payable.
Each party is to be responsible for their own costs in connection with the legal transaction.
Certificate available upon request.
Fixtures & Fittings
The business is fully fitted and equipped for the trade. A full inventory can be made available to bona fide purchasers.
Currently operated by the owners with the help of other members of staff.
Monday - Saturday 8am - 5pm
Sunday - Closed
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Lessee to ensure that they are in working order. Any areas, measurements and distances given are approximate only.
Viewing: Strictly by appointment only
To arrange an appointment to view this property contact our Seaham branch on .
Opening Hours Monday to Friday 9.00am - 5.30pm Saturday 9.00am - 2.00pm Important note
The premises are offered subject to contract, availability and confirmation of details. The particulars do not form part of any contract and whilst believed to be correct, no responsibility can be accepted for any inaccuracies or errors. No other statements contained in the particulars are to be relied upon as a statement of fact and are a general outline only for the guidance of intending purchasers or tenants, and should be verified by you on inspection or by your solicitor as to the correctness of these statements. The photographs show only parts of the property as they appeared at the time taken. You should not rely on statements by Jonathon Lewis Ltd in the particulars or by word of mouth or in writing as being factually accurate about the property/business, its condition or its value. The vendor(s) or lessor(s) do not make or give Jonathon Lewis Ltd (nor their joint agents) nor any person in their employment any authority to make or give any representation or warranty whatsoever in relation to this property. Unless otherwise stated, all prices and rentals quoted are exclusive of Value Added Tax to which they may be subject
stand out from the crowd ! If you are thinking of moving home or currently have your property on the market with another Estate Agent and feel you are not receiving the results they promised, we would be delighted to hear from you. One of our expert valuers will carry out a free no obligation valuation of your property and give you specialist marketing advice.
Don't just take our word for it...
"Carol and I would like to thank you all for your very professional and efficient service during the house sale. Your recommendations were most realistic and clearly stated, jargon free and to the point. We both felt very comfortable dealing with you all and felt quite certain that you knew your business, area and clientele well. Each time we visited the Office we were sure of a warm and courteous welcome. We would have no hesitation in recommending you to family and friends. Thank you once again." Mr and Mrs A, Seaham
Property descriptions and related information displayed on this page are marketing materials provided by Jonathon Lewis. 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 Jonathon Lewis for full details and further information.