Property description

High turnover Freehold convenience store with modernised 2 bedroom first floor flat. Centrally situated in a large residential area approximately 4 miles west of Newcastle City centre. There is also a large storage facility to the rear along with a staff w.c.

Location
Lemington is a suburb of Newcastle upon Tyne and issituated approximately 4 miles west of the City centre.The area is predominantly residential with a mix ofprivately owned, privately rented and local authoritytenants. The A1 and A69 are both easily accessed andclose by providing routes to the north and south and west to Hexham and Carlisle.

Description
The property comprises 2 former terraced houses oftraditional brick construction under pitched slate roofs. Aretail shop and ancillary premises occupy the groundfloor whilst a 2 bedroom flat occupies part of the first floor.The premises are alarmed, have centrally heatedradiators to most rooms and have upvc double glazedwindows to some rooms.

The Business
Established for many years in this location is this traditionallocal convenience store. It trades under the 'Premier'Brand and has had an extensive refurbishment andextension carried out in 2010. The retail shop is modernhaving ceramic tiled floor, fluorescent strip lighting andsuspended ceiling. Ample wall shelving, news andmagazine display stand, 3 shelved gondolas, 2 chillerdecks, 3 chest freezers and a greetings cards display.Sales counter with cash register, PayPoint terminal andtobacco gantry behind. The business retails a large rangeof products including wines, beers & spirits, generalgroceries, frozen and chilled foods, tinned and dry foods,pet foods and products, confectionery, crisps, soft drinksetc.

Trading Information
We are verbally informed by our client that the turnover is around £10,000 per week. This does not include thePayPoint turnover which generates a commission income.

Opening Hours
Mon - Sun 8:00am - 10:00pm

Staff
The business is operated entirely by our client.

Reason For Sale
The family is looking to relocate in the nearfuture.


Freehold £350,000.Also available Leasehold for £99,000 plus rentto include 2 bedroom flat.

Property Features :

• Freehold Convenience Store
• Premier Branded
• High Turnover
• Large Storage Area
• Modern Fit Out