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Retail premises for sale

£19,999 (£29.28/sq. ft) Fixed price

Shields Road, Newcastle Upon Tyne NE6

683 sq. ft*
Interested in this property? Call 0191 686 1492 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • High Street Location

Property description

Business for sale

description


We are delighted to offer for sale this well managed gift card and party goods retail business set within modern premises in a highly prominent retail location on Shields Road, Byker. The current owner has completely reconstructed the business with a modern and sought after range of stock. The business occupies the retail premises on lease terms at a rent of £13,800 per annum.

Internal finishes are to a high standard with ample provision for stock display.


Location


The subject business is prominently located at the western edge of Shields Road redevelopment area. Byker is a significant built up residential location around 2 miles east of Newcastle city centre served by a range of services and facilities around Shields Road itself. Other retailers include Morrison's supermarket, Greggs, Grainger Games, kfc and Gala Bingo.


Accommodation

ground floor


Shop window frontage with signage over.
Main Sales Area: 47m2
Back Store: 12.3m2
net internal area: 59.32m2 (638 sq ft)


Business details


Thoughts is a traditional gift card and party goods business that has been trading at the location for a number of years and by our client for the last two years who is now selling due to retirement. The business generates income from counter sales and party orders. We are advertised that weekly takings are in the region of £1,000 per week.

Accounts to be made available on expression of serious interest.


Lease terms


The property is occupied on a Full Repairing and Insuring basis. The passing rent on the premises is £13,800 per annum (£1,150 per month) with a service charge of £30 per month. We await a copy of the tenancy agreement to confirm further details.


Rateable value


The subject property has been assessed by Newcastle City Council and is described as a, ‘Shop and Premises, ' with affect from the 1st April 2010 has an Adopted Rateable Value of £9,100.00. Our source for this, 'www.Voa.Gov.Uk.' Any interested party should have their legal advisor check this.


VAT


Unless otherwise stated, all stated figures are expressed exclusive of VAT. We await confirmation that VAT is payable on this transaction. Interested parties should ensure that they refer to legal information that is provided by the sellers solicitor prior to auction.


EPC


We await a copy of the Energy Performance Certificate.


Additional information


For further information please contact our office direct on .

With regards to viewing the subject property / site / business, this is to be done strictly by appointment through Keith Pattinson Commercial Department, please contact us to arrange an internal inspection, or to register your interest.

What Zoopla users think of Walkerville

Overall rating:

  • currently 3.5 stars
Good - 73% (12 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
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Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
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Community & safety
  • currently stars
  • 1
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Entertainment & nightlife
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  • 1
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Parks & recreation
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  • 1
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  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
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  • 4
  • 5
Schools & public services
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  • 1
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Transport & travel
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  • 1
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Nearby transport

  • Manors (0.8 miles)
  • Newcastle (1.4 miles)
  • Heworth (2.1 miles)
  • Newcastle Airport (6.1 miles)
  • Durham Tees Valley Airport (32.9 miles)
  • Leeds Bradford International Airport (76.9 miles)
  • Newcastle International Ferry Terminal (5.5 miles)
  • North Shields Ferry Terminal (5.9 miles)
  • South Shields Ferry Terminal (5.9 miles)

Nearby schools

View all schools in Newcastle upon Tyne
  • Hotspur Primary School (0.3 miles)
  • Byker Primary School (0.3 miles)
  • St Lawrence's RC Primary School (0.4 miles)
  • Gateshead College (0.8 miles)
  • Percy Hedley College (1.3 miles)
  • Yeshiva Lezeirim Preparatory Academy (1.7 miles)
  • Royal Grammar School (1.0 mile)
  • Newcastle High School for Girls (1.0 mile)
  • Heaton Manor School (1.2 miles)
Note: Distances are straight line measurements

Local info for Newcastle upon Tyne

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Pattinson - Commercial, NE1 on 0191 686 1492 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pattinson - Commercial, and do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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