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High Street Location
Business for sale
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.
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.
Shop window frontage with signage over. Main Sales Area: 47m2 Back Store: 12.3m2 net internal area: 59.32m2 (638 sq ft)
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.
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.
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.
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.
We await a copy of the Energy Performance Certificate.
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.
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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.