Location
The business is located within a small parade of shops at the busy junction of Church Road with High Street and Salters Road. This is possibly the most prominent site in Gosforth town centre with very high volumes passing traffic which is held at the traffic lights directly outside the parade.
Gosforth is one of the most popular suburbs of Newcastle with an excellent infrastructure and a high number of private residential housing estates. There is a car park diagonally opposite the parade which makes access relatively easy for customers.
Business
This business was established by our client in 2003 and over the last couple decades has built up an enviable reputation. The business has been placed on the market as they are now looking to retire.
This is an extremely reputable business which almost trades on word alone with the customer base being made up of either existing or referred clients. Currently the business offer is specific to clothing alterations and repairs but there is scope to incorporate some other complementary services should a new owner wish to.
There is no website or social media marketing presence at the moment so there is an opportunity to develop the business profile through these platforms. This is a rare, and profitable, opportunity ideal for a motivated couple or individual and viewing is recommended to appreciate the potential the business offers.
Premises
Comprises a lock up retail unit forming part of a larger three storey block. Accommodation comprises;
Ground Floor
Retail Unit 275 sq.ft. (26 sq.m.).
External
W.C.
Shared Yard Area
EPC
Rating TBC
Trading Hours
Sunday & Monday closed
Tuesday - Friday 9.00am - 5.00pm
Saturday 9.00am - 2.00pm
Staff
Currently operated by our client with the help of one part time member 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 £7,000
Rates free incentives available subject to status.
Tenure
We are verbally informed that the premises are held on a 10 year lease from 2019 at a passing rent is £800 per month incl. buildings insurance. Interested parties should seek legal confirmation of this.
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.
