The subject business is a well established autoparts retailer known as Gearbox Autoparts, specialising in the sale of automobile parts and equipment. The business is well established and well known within the town as it has been trading for over thirty years. This offers an ideal opportunity to take over an established operation with an experienced sales team going forward.
The subject property is located within Broadway Circle, a prominent crescent of retail premises on the outskirts of Blyth town centre. Blyth is an established town located on the north east coast of England (around 14 miles north of Newcastle upon Tyne), provided a wide variety of services and facilities supporting the local population and surrounding communities.
Ground floor Main Sales.33.17m2 Store. 12.5m2 Store. 6.4m2 net internal area. 45.61m2 First floor
Landing Three Rooms Seperate WC Bathroom net internal area. 35m2
total net internal area. (80m2 861 sqft) External
External WC and enclosed yard.
Details of turnover and associated matters will be provided to interested parties upon viewing the business by our clients.
Gearbox currently rents premises at 3/3a Broadway Circle for which Bradley Hall manage the property. The term is 6 years commencing from 1 February 2012 at an initial rent of 7,500 per year. A copy of the lease agreement can be provided on request. The tenants have renewed the lease for February 2019 for one year at 10,000 per annum. There is an option to extend to a six year lease.
The adopted rateable value is 5,400 as of 1st April 2017. Sourced from voa.
Available upon request. Rating D.
We are advised that VAT is applicable on this transaction.
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, 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.
The Barbers 2 & Kidz 1, 86 Front Street, Newbiggin-By-The-Sea NE64
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