Situated on a busy road which leads towards Newcastle city centre, the Spar branded convenience store occupies a prime trading position with no immediate nearby competition and benefits from strong local custom and passing trade. Fitted to a high standard, the store offers a wide range of groceries, fresh foods, beers, wines, spirits, cigarettes, newspapers and magazines, as well as Lottery, Paypoint and post office services. There is street parking to the front and a car park to the rear of the property.
Additionally, there is a one bedroom flat and a two bedroom flat situated above the store, which can be rented out or utilised as owner’s accommodation.
With many years’ experience in the retail sector, previous owner Mr Maddison owned three Spar convenience stores, and decided to sell two of them in order to concentrate on the one store which is closer to home. Mr Maddison comments, “I have used the services of Christie & Co both at corporate level and also within my own business for over 20 years with huge success and have built an excellent working relationship with Andrew Birnie. I can honestly say that Andy and his team have given me excellent service and advice over the years which is both professional and accurate and has enabled myself to maximise and achieve my company's potential with regards to business and property sales. Andy knows the market better than most and his advice, experience and contacts have been invaluable.”
New owner, Mr Hemang Shah is an experienced business owner and new entrant to the convenience sector. Mr Shah comments, “We are pleased with the business we purchased and have ideas to grow the store by adding new lines and features. We thank Mr Maddison for helping with the handover and look forward to the future.”
Andrew Birnie, Director at Christie & Co handled the sale and comments, “Operated primarily by staff, Spar Seghill is an excellent business with strong turnover and the benefit of commissions from the local post office. Spar Seghill received several offers at the time of marketing and we continue to see strong demand for similar businesses.”