Wellands Lane, Whitburn: Offers In Region Of £50,000

For Sale  |  A1 - High Street
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For more information please call us on or email fulwell@alfredpallas.com

Full Details:

LOCATION
Situated in the popular village of Whitburn this is an opportunity to purchase an established convenience store selling a range of products. An established and profitable business with potential for further growth and expansion the property is available immediately. Would suit the first time venture or someone with a number of shops.

DESCRIPTION
The property comprises a ground floor shop with a small kitchen and storage area to the rear. The shop has been recently refitted and provides, bright, well presented accommodation with a suspended ceiling and modern fittings.

ACCOMMODATION
Sales 44 sq m 473 sq ft

Store 3.3 sq m 36 sq ft

Toilet

There is an electrically operated security shutters to the front elevation

TERMS
Tenure
The business is offered for sale on a leasehold basis. The existing lease is for 3 years from 2018 and the current rent is £1800 per annum

OUTGOINGS
We are verbally informed by South Tyneside Council that the rateable value is £1825 with rates payable 2018-19 £899. Individual applicants should make enquiries as to their individual level of liability as they are likely to be entitled to a discount from this figure. The present owner pays zero rates due to small business rates relief.

PLANNING
Business
The business has a turnover (2018) of £354,209. This turnover is made up of sales and includes contributions from the national lottery. Detailed accounts are available on request. The property trades from 6am-10pm Monday to Saturday and 7am-9pm on Sundays. There is a premises license. There is 1 part time member of staff in addition to the vendor who works full time.

Price
For sale leasehold to include fixtures, fittings and goodwill (details on request) £50,000 (plus stock at valuation)

EPC Rating: C

Property is leasehold

VIEWING
Viewing: Strictly by appointment through sole agents. Please ask for Stephen Jones

Note:

  1. These particulars are intended to provide a general outline only for the guidance of prospective purchasers or tenants and do not constitute, nor shall constitute, part of an offer or contract. Intending purchasers or tenants must satisfy themselves by inspection or otherwise as to the correctness of such information. The Vendor/Lessor does not make or give, and neither the partners of Pallas Jones, nor any person in their employment has any authority to make or give any warranty in relation to this property.
  2. Please note that the services and appliances in the property have not been tested. Nothing in these particulars shall be deemed a statement that the property is in good condition, nor that any services, appliances or any fittings are in working order or satisfy current regulations.
  3. Any measurements, areas or distances referred to are approximate and are not precise. Accordingly room sizes should not be relied upon for carpets or furnishings. Plans and floor plans are for identification purposes only and are not to scale.

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