Popular South Shields off licence brought to market through Christie & Co

Popular South Shields off licence brought to market through Christie & Co

Posted 20 March, 2020 at 13:30

Author Mark Bradshaw on behalf of (ISW) Independent Shop Watch


Specialist property business adviser, Christie & Co is delighted to bring to marker Discount Wine Centre, located to the south of South Shields town centre.

The main trade and stock for sale within the business is currently off licence.  However, due to the close proximity to both Mortimer College and Primary School and local housing estates, this is an ideal opportunity for a new owner to introduce a wider range of convenience products and chilled foods along with newspapers and magazines.

Current owners Mr and Mrs Tabbsum are looking to sell in order to spend time with their young children.

Andy Birnie, Director at Christie & Co comments, “This is an ideal purchase for a first-time buyer looking to work for themselves at a relatively low initial investment.  Fairly easy to run with little training or special skills required, this is likely to sell to someone local on a shop only basis.  There is also the option to rent the flat above at additional rent for those needing accommodation.”

Discount Wine Centre is currently on the market for an asking price of £40,000 leasehold plus stock with an annual rent of £7,200.

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