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Retail premises for sale

£7,000

5 St Cuthberts Walk, Chester-Le-Street DH3

Interested in this property? Call +44 1204 351867 * or

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Property description

Business
Hilton Smythe welcomes to the market Hawdon 4 Handbags. Chester-le-Streets leading retailer of handbags, purses, holdalls and luggage solutions.

Established in 2015 by our client, the business is solely run and managed by our client and husband and is in a prime location in the middle of this lively shopping centre with a high amount of passing trade.

The store is well laid out with products clearly displayed. The stock includes fashionable merchandise for children and adults. The products are of all shapes and sizes in an array of colours and priced to suit all budgets, with seasonal changes. The store is a good size and could allow for further complimentary product lines if a new owner wishes.

According to the latest set of accounts, the business reports turnover at £62,500 with gross profit at 50%. Due to our client’s personal circumstances the store is currently closing earlier than advertised, therefore losing trade. With full opening hours’ a new owner could benefit from this additional custom.

The business has a presence on Facebook with regular features and updates. A new owner may benefit from the introduction of a website and perhaps introduce on-line sales to generate further income.

We would highly recommend viewing of this prime position retail outlet which genuinely comes to the market due to family health reasons.

Location
The business is located in the bustling market town of Chester-le-Street, County Durham.

Hawdon 4 Handbags occupies a prime trading position within the vibrant St Cuthberts Walk Indoor Shopping Centre, in the town centre. The shopping centre hosts an abundance of independent and high street retail stores. The store is next to a cafe with a sports shop, butchers, mobile phone stall, gift shop, jewellers, Morrisons and Thorntons in the vicinity ensuring a constant and heavy footfall throughout the day.

Chester-le-Street lies off junction 63 on the A1(m) providing excellent access to Newcastle, Gateshead, Darlington and Durham. The town also has excellent public transport links with regular bus routes and mainline railway station. The shopping centre boasts around 370 car parking spaces, with the business benefitting from a private parking space for the owner.
Premises
Mid parade premise in shopping centre location briefly comprising: -

Excellent signage and large glass display windows, highly visible to passing trade.

The shop is an open plan retail premise with adjustable perimeter shelving, glass display stands and general fixtures and fittings included.

The serving area is at the back of the store. To the rear of the serving area is a kitchen and some additional storage. To the left is a store room.

To the right is a toilet and fire exit out to a car park, with a private parking space for the owner’s vehicle.
Tenure
We are advised leasehold.

The original lease length is 5 years

As of 2016,4 years remain on the lease.

Rent is £13,728 per annum.
Hours
The business opens: -

Monday to Saturday 9.00am – 4.30pm

Sunday closed
staff
The business is run and managed by a husband and wife team.
Financial profile
According to the latest set of accounts, the business reports turnover at £62,500 with gross profit at 50%.

What Zoopla users think of Chester Le Street

Overall rating:

  • currently 4 stars
Very good - 77% (46 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
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  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
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  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
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  • 1
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  • 4
  • 5
Transport & travel
  • currently stars
  • 1
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  • 4
  • 5

Nearby transport

  • Chester-le-Street (0.2 miles)
  • Durham (5.4 miles)
  • Heworth (6.6 miles)
  • Newcastle Airport (13.4 miles)
  • Durham Tees Valley Airport (24.8 miles)
  • Leeds Bradford International Airport (68.7 miles)
  • Newcastle International Ferry Terminal (10.6 miles)
  • South Shields Ferry Terminal (11.1 miles)
  • North Shields Ferry Terminal (11.4 miles)

Nearby schools

View all schools in County Durham
  • Cestria Primary School (0.2 miles)
  • St Cuthbert's Roman Catholic Voluntary Aided Primary School (0.4 miles)
  • Bullion Lane Primary School (0.4 miles)
  • New College Durham (4.3 miles)
  • Durham Sixth Form Centre (5.3 miles)
  • Yeshiva Lezeirim Preparatory Academy (6.8 miles)
  • Park View School (0.2 miles)
  • The Hermitage Academy (0.8 miles)
  • Lord Lawson of Beamish Academy (2.5 miles)
Note: Distances are straight line measurements

Local info for County Durham

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe 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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