No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Guide price£450,000
OnTheMarket > 14 days

Property for sale

Haig Terrace, Ferryhill, DL17
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Property
0 bed
0 bath

Property description & features

TRADITIONAL CONVENIENCE STORE/ OFF LICENCE/ NEWSAGENTS FOR SALE

This is a traditional convenience store, off licence and newsagents which has excellent levels of core business from the nearby residential occupiers. Located on a small neighbourhood parade and within close proximity to the local school which denotes a significant amount of passing trade. Neighbouring occupiers include local council offices, hair and beauty salon, cafe and hot food takeaway.

The business achieves a good level of trade (in excess of £9500 weekly) plus benefits from in excess of £650 per calendar month commission from Lotto, Paypoint, DPD parcel collection services.

The current owners have ran this thriving, licenced convenience store for over 30 years are looking to retire.

EPC Rated C

Retail Unit 144 sq metres (approx) 1550 sq ft (approx)
Owners Accommodation 120 sq metres (approx) 1291 2q ft (approx)



Convenience Store For Sale

Freehold £450,000 Leasehold £220,000
Accommodation
Retail Unit 144 sq metres (approx) 1550 sq ft (approx)
Owners Accommodation 120 sq metres (approx) 1291 2q ft (approx)
Retail Unit
Ground floor retail unit with drive in storage/ delivery to the rear.
Business Rates
Enquiries regarding the rateable value and details of precise amounts payable should be directed to the relevant Local Authority.
Tenure
Available Leasehold or Freehold
Proposed Terms
In the event of a leasehold transaction the ingoing tenants will be taking a lease on fully repairing and insuring terms for a minimum of 5 years and a rental figure of £18,500 per annum to include the upper floor owners accommodation.
Legal Costs
In the event of a leasehold transaction the ingoing tenant will be responsible for our Client’s reasonable legal costs incurred in connection with this transaction together with any Stamp Duty and VAT where applicable.
VAT
All offers where made silent of VAT are deemed to be made exclusive thereof.
Notes
All measurements are approximate and are for guidance purposes only.
Viewing
By appointment through the Sole Agents, Browns Commercial [use Contact Agent Button]

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    Property reference 83213. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Browns Estate Agency - Stockton-on-Tees.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.