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Cards Gifts Confectionery In Low Fell For Sale

Gateshead, Tyne and Wear, UK
Asking Price:
£15,000 Furniture / Fixtures included
Turnover:
£72,000
Net Profit:
Available on request

• Established business in good suburban area.
• Sales £1,000 to £1,500 weekly.
• Spacious premises with rooms above.
• Garage, parking space and storage to the rear.
• Potential to incorporate other businesses.
• Free on street parking to the front.
• LEASEHOLD £15,000 plus stock at valuation.

Property Information

Property:

Leasehold

Lease Terms:

The premises are held by way of a 15 year FRI lease from August 2011. The current rent is £15,000 plus VAT. Interested parties should seek legal confirmation of this.

Leasehold Rent:

£15,000 per annum

Location:

The premises are located on the main road running through the popular suburb of Low Fell. This is a sought-after residential area with a pleasant mix of residential accommodation together with a busy secondary shopping area.

Tenants include a range of small independent shops plus multiples such as Boots the Chemist, Costa Coffee and Savers.

Premises Details:

This is a very long-established cards and gifts shop which originated in Birtley before moving up onto the Fell approximately 10 years ago. Durham Road is main route running through Low Fell from Newcastle City centre towards the A1 Western Bypass. There are extremely high levels of traffic and access is easy.

With such an established trading history, the business and has built up a strong local reputation with high levels of repeat custom. Over the years the business has diversified to include a large range of stationery and party goods and has recently also started to stock pre bagged confectionery.

The upper floors are currently used for storage but had been adapted as a photography studio in the past. To the rear of the property there is another separate store plus off-street parking for up to two cars.

This is a prime site on the main road running through within Low Fell and viewing is strongly recommended to appreciate the available space and the potential of the additional space.

Size in square feet:
589
Energy Performance Rating:
C  View EPC Graph for this property

Business Operation

Employees:
3
Years established:
10 years

Other Information

Contact North East Commercial

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