Property description
A very popular and well established Leasehold Newsagents and Deli Business For Sale in Jesmond. High levels of passing trade and attractive rental terms make this a great opportunity. Only £70,000
Please call 01434 632187 for details and an appointment to view.
Location
Surinders News is located on a small retail parade in the Cradelwell area of Jesmond which is a very affluent part of Newcastle upon Tyne. This position is ideal for access to the City Centre which is just over a mile away and also the Coast which is around 10 miles to the east on the A1058. There is free parking available to the front. This area is havily populated with students and professionals.
The Business
The business is well established in this location and has a good reputation locally. It is a combination store being a traditional CTN which incorporates a sandwich deli.The store is square and well laid out having a range of shelving and display shelving. There is a large chiller deck and refrigerated deli counter, an Astoria coffee machine, panini press, soup cauldron, salad prep unit and Walls ice cream freezer. The sales counter has a cash register and a tobacco gantry behind.To the rear of the building is a kitchen and a w.c.The premises has good window frontage which is secured when closed by a roller shutter. Internally the property also has a suspended ceiling.
Trading Information
We are advisd vebally by our client that the annual turnover is £5,500pw. Any interested party should verify this as part of the due diligence process. Accounts will be mad to bana fide purchasers after viewing.
Opening Hours
Mon - Sat 8am -5pmSunday: 8am -1pm
Newspaper Deliveries
1 Evening and 3 morning rounds Mon-Fri3 Saturday rounds3 Sunday rounds
Tenure
Leasehold. The current lease is due to expire in 2014. We are advised that this is a standard renewable lease which enjoys the protection of the Landlord and Tenant Act.The current rent payable is £11,700pa
Rateable Value
The 2010 rateable value as shown on www.voa.gov.uk is . The current multiplier is 43.3p in each £10,250. Certain rates relief may be available and it is best to check with the local authority for more information.
Property Features :
- Well Known Newsagent & Deli Business
- High Footfall Area
- Parking to Front
- Turnover £5,500pw
- Rent only £11,700pa