Location:
The business is located at the northern end of Corbridge Bridge, just south of the main shopping centre but on the direct route into town from Corbridge Village car park. Corbridge is an extremely sought after residential address and the riverside location, and proximity to Newcastle, make this easy to understand.
There are excellent road and rail links to and from the town and the local population is a broad demographic that includes young professionals, families and older or retired couples. Tourists visit this area throughout the year but naturally peak during the holidays, particularly in the summer months and the run up to Christmas.
Business:
This is a well-established, reputable business which was launched by the current owners in 2003.
Craft Works gallery offers a range of quality products including jewellery, fashion accessories and art, all with a North East heritage where possible. The shop also stocks David Holliday prints who has a dedicated customer base and his pictures depict scenes from Cumbria, Northumberland and Scotland.
The business has the benefit of regional exclusivity with some brands, and this helps draw customers to the shop from outside the immediate geographical area. Tourism brings high numbers of visitors to the town throughout the year and the business has its own website which has an ecommerce function generating good levels of income.
The premises are in excellent order with little for any new tenant to attend to on takeover. Viewing is strongly recommended to appreciate the whole package.
Premises:
An historic, former blacksmith’s forge.
Self-contained retail space comprising:
Ground Floor
Sales Area circa 645 sq.ft. (60 sq.m)
Store
WC
Staff:
The business is currently operated by the owners with 2 additional part time members of staff.
EPC:
Not applicable.
Opening Hours:
Monday - Saturday 10.00am - 5.00pm
Sunday 11.00am - 4.00pm
Tenure:
We are verbally informed that a new 10 year FRI lease is available at a commencing rent of £17,500 per annum. Further details on application.
Rates:
The premises are assessed as follows:
RATEABLE VALUE £12,500
Rates free incentives subject to status.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
