Location
The business forms part of St. Mary’s Green shopping centre which is the main retail area in the centre of Whickham. There are a pleasant mix of good quality independent traders that include greengrocers, butchers, jewellers, coffee shop & micro pub, plus larger operators such as Tesco.
Whickham is an extremely popular village 5 miles south west of Newcastle and with excellent road links via the A1 Western Bypass. Whickham has good local infrastructure and comprises predominantly private residential housing.
Business
This is a very long-established cards and gifts shop which has been trading from this site for over 35 years and in the present owner’s hands since 2012. There are extremely high levels of captive trade and there is also free on street parking directly outside the shops.
With such an established trading history, this business has built up a strong reputation with high levels of repeat custom from both locals and customers travelling from outside the area. The business stocks high quality products from national & local suppliers and owing to these longstanding relationships, the shop has protected territories with suppliers that include Joma of London, Steiff, Jellycat, East of India and Five Dollar Shake cards.
In addition to the traditional cards and gifts the shop also retails a range of good quality accessories and jewellery plus balloons, which can be inflated on site.
This is a rare to the market, highly profitable business in an excellent location.
Viewing is highly recommended to appreciate the potential scope for further growth.
Premises
The premises comprise a ground floor lock up retail unit forming part of a larger parade. Accommodation;
Ground Floor
Sales Shop 58 sq.m. (620 sq.ft.)
Back Shop 7 sq.m. ( 76 sq.ft.)
Store
1x W.C.
External
Car parking space to the rear
Staff
The business is operated by our clients with the help of part time members of staff.
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £10,500
Rates free incentives subject to individual status.
Tenure
The premises are held by way of a 10 year FRI Local Authority lease from 2017. The current rent is £12,500 per annum with no further reviews.
EPC
Rating - C
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.
