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Retail premises for sale

£24,999

7 Lad Lane, Newcastle-Under-Lyme ST5

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Property description

Business
Hilton Smythe welcomes to the market Timespan. The business was originally founded by our client in 1984 and now comes to the market due to our client looking towards a well-deserved retirement.

Timespan specialises in the repair of watches and clocks of all makes and models, jewellery repair and the sale of clocks and watches many of them designer brands. The business is very well known in the area with our client earning an enviable reputation over the many years of serving the community, seeing high volumes of repeat trade and word of mouth recommendations.

The business is currently run at a pace to suit our client and currently opens 3.5 days a week. The purchaser should consider extending opening hours, particularly on a Saturday to take advantage of weekend trade. We believe with a modest marketing campaign and having a presence on social media will further promote the business to new customers and therefore increase turnover.

According to the latest set of accounts the business reports turnover at £26,000 and benefits from low rent and utility bills and is currently exempt from paying business rates.

We would encourage early viewing of this prime location business, ideal perhaps for a skilled watch/jewellery repairer to take over the business, with our client happy to offer a hand over period to assist with the smooth transition of ownership.

Location
Timespan is located in the vibrant market town of Newcastle-Under-Lyme, Staffordshire.

Situated within the bustling town centre, surrounded by a plethora of independent retail outlets, high street chains and town centre amenities, the area sees a high and constant footfall throughout the day.

Newcastle-under-Lyme is a very popular market town in North Staffordshire. According to the 2011 census, the town had a residential population of 75,125. The popular market is open 6 days per week and offers over 80 stalls. The Roebuck Shopping Centre is set within the heart of the town centre with easy access from the Midway Car Park and is an extremely busy place to trade.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Stoke-on-Trent, which is approximately 2½ miles away. The area is also very well served by the a-roads, with both the A527 and A52 being within easy driving distance, which link to the national a-road and motorway networks. Market Drayton is approximately 15 miles away and Stafford is 16½ miles away.
Premises

The business is situated on the first floor of a period end terrace retail property and access is via stairs from the street below and briefly comprises: -

First Floor

Landing and doors leading to:

Shop/Workshop

Three sash windows to front creating a light airy interior, bespoke counter with inset glass display cases, suspended ceiling with fluorescent lighting, customer waiting area with timber pew type seating, newly carpeted floor and perimeter shelving.

Behind the counter is an open plan workshop with a generous run of worktop and a freestanding work bench, ultrasonic cleaning machine, buffer and grinder. There is also a key operated “Radway Ambassador “safe which is included in the sale price.


WC


Newly refitted with white sanitary ware, windows to side, hand wash basin with Triton water heater, all freshly decorated.

Second floor

Landing

With window to side and useful under eaves store cupboard

Store cupboard

Walk in store cupboard with Belfast sink

Office

A generous sized room, sash windows to front, suspended ceiling and fluorescent lighting. This room is currently used for storage but offers sub-letting potential.
Tenure
We are advised leasehold on a rolling lease arrangement.

Rent is £3600 per annum.
Hours
The business currently opens.

Tuesday, Wednesday and Friday10.00am – 4.00pm

Thursday 10.00am – 1.00pm
staff
The business is solely run and managed by our client.
Financial profile
The business is currently run at a pace to suit our client and currently opens 2.5 days a week.

According to the latest set of accounts the business reports turnover at £26,000 and benefits from low rent and utility bills and is currently exempt from paying business rates.

What Zoopla users think of Newcastle-under-Lyme

Overall rating:

  • currently 4 stars
Very good - 77% (104 ratings)

Ratings breakdown:

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Nearby transport

  • Stoke-on-Trent (2.0 miles)
  • Longport (2.1 miles)
  • Longton (4.1 miles)
  • Manchester International Airport (23.8 miles)
  • Liverpool John Lennon Airport (34.1 miles)
  • East Midlands Airport (39.5 miles)
  • Woodside Birkenhead Ferry Terminal (41.9 miles)
  • Liverpool Pier Head Ferry Terminal (41.9 miles)
  • Liverpool Isle of Man & Dublin Terminal (42.0 miles)

Nearby schools

View all schools in Newcastle-under-Lyme
  • Hassell Primary School (0.2 miles)
  • St Mary's Catholic Primary School (0.2 miles)
  • St Giles' and St George's Church of England Academy (0.3 miles)
  • Newcastle and Stafford Colleges Group (0.5 miles)
  • Martec Training (0.8 miles)
  • Regent College (1.7 miles)
  • Blackfriars School (0.3 miles)
  • Newcastle-under-Lyme School (0.4 miles)
  • St John Fisher Catholic College (0.4 miles)
Note: Distances are straight line measurements

Local info for Newcastle-under-Lyme

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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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