Retail property (high street) for sale
Property description & features
- Business For Sale
- Ground Floor Retail
- By way of new lease terms
- NIA 56.2m2 (605 sq ft)
The subject ground floor retail premises is occupied and traded by 'Simpsons News'. The business currently a business that serves the community with over 7 active paper rounds and in store the sales of lottery, cigerettes and day to day shopping. This business is at the heart of the community. Accounts available upon serious interest.
Rooms
Location
The subject property is well located along Henderson Road. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 3.1 miles from South Shields town centre and approximately 9.2 miles from Newcastle city centre.
Accommodation
Shop 7.6m x 5m, store 4.4 x 3, kitchen 1.7m x 2.5m, WC. NIA: 56.2m2 (605 sq ft).
Business Details
The business currently trading as 'Simpsons News' is enjoying healthy profits with a turnover exceeding £130k. The business benefits from lottery, ciggarette and day to day snack sales, the business specialises in customer service around the area and has 3 x morning newspaper rounds, 1 x afternoon round and 3 x weekend rounds.
Business opening times - Monday - Saturday 06:30 - 18:00, Sunday 06:30 - 12:00.
Accounts can be made available upon serious interest.
Lease Details
We are verbally advised that our client is paying a rent of £216 pcm (£2,592 per annum).
Our client has advised they are currently holding over on their lease terms and any new business owner will agree new terms with South Tyneside Local Authority.
Rateable Value
The adopted rateable value is £3,300 as of 1st April 2017.
Sourced from VOA.
EPC
Available upon request (rating C).
Places of interest
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