Property description
Leasehold Licensed Newsagent Business For Sale in Whitley Bay, Tyne and Wear. Spacious Store, All Counter Sales, Loyal Customer Base, Largely Unopposed Position. Price £59,000. Please contact 01434 632187 for further details.
Location
Whitley Lodge News & Wine is located on Claremont Road, Whitley Bay. This is a main and busy thoroughfare from Whitley Bay Town Centre and Monkseaton Drive into the heart of the Whitley Lodge estate. There are good traffic levels both vehicular and pedestrian meaning that passing trade is good. There is free on street parking to the front and side of the property.
Description
The business occupies the ground floor of a two storey property. The main retail area is spacious and there is a storage room and w.c. to the rear.
The Business
The business has been established in this position for many years and has been in the ownership of our client since 2008. The business comes to the market to allow our client to concentrate on other business concerns.Whitley Lodge News & Wine is licensed allowing it to retail wines, beers and spirits. The retail area is spacious and that allows for the sale of a selection of general convenience goods too. There is a good range of newspapers and magazines on display shelving, a greetings card display, 2 open chiller decks, 3 double display chillers and 1 single display chiller.The shop itself is modern and has a tiled floor, suspended ceiling, air conditioning unit and CCTV.
Trading Information
Accounts and trading information will be made available to bona fide purchasers after viewing. As an indication the business has a turnover of around £5,000-£5,500 per week
Opening Hours
7am until 9pm - 7 Days Per Week
Staff
There are no employed staff within the business.
Tenure
We understand the property to be held on a 10 year lease which commenced in February 2008. The current rent is £9,000 per annum.
Rateable Value
The 2010 rateable value as shown on www.voa.gov.uk is £7,200 . The current multiplier is 43.3p in each £. Check with the local authority to see if there are any discounts or relief available to you.
Viewing
All viewings by prior arrangement with Roberts Commercial @ Secret Key. On no account attempt to view without an appointment. Call 0191 280 3285
Licenses
We are informed that the property has a premises license granted by the relevant local authority. It is a requirement of the Licensing Act 2003 that properties serving alcohol or properties serving hot food after 11pm have a designated premises supervisor who must be the holder a Personal License. Prospective purchasers are advised to take appropriate specialist advice.
Commercial Finance
We understand that the world of commercial funding and finance is often difficult to navigate. Speak to us about how we can assist you in getting finance to fund your purchase. We deal with high street and specialist lenders to secure the best deal for you and you don't even have to be purchasing from us.
Property Features :
- Leasehold Newsagents Business
- Licensed
- Prominent Location
- Spacious Property
- Realistically Priced