Location:
This business is located in the centre of this popular suburb just to the east of Newcastle City centre and in an area of mixed retail, commercial and residential properties. The shop is located close to the junction of Cartington Terrace with Chillingham Road, near a Nursery and a couple of schools. The shop sits in a prominent position with high levels of passing traffic and opposite Biddlestone NHS Health Centre.
This is an area popular with young professionals, young families and students and there are extremely high levels of captive trade. Passing trade comes from the busy main road with free on street parking and nearby immediate occupiers include Boots, The Post Office plus a selection of strong independents.
Business:
This is a long-established and reputable fruit, veg and world food retailer that has been trading from the site since the late 1990’s. The business has been placed on the market as our client wishes to retire.
The shop has been refurbished over the last few years in order to maximise the display areas, and to allow the stocking of more health food and vegan lines. Whilst the traditional fruit and veg offer remains to the front of the shop, within the shop there is a wide selection of gluten free, vegan and specialist products. Manufacturers stocked include Suma, Eat Real, Grumpy Mule and Pukka Tea and the shop has a reputation for these types of products and is supported by a loyal customer base.
This is an ideal owner operated business opportunity and viewing is recommended to appreciate the busy main road position and the thriving residential location.
Premises:
Comprising a ground floor lock up unit.
Ground Floor
Sales Area circa 375 sq.ft. (35 sq.m)
Kitchen / Store
W.C.
Staff:
The business is currently operated by family members.
Current Opening Hours:
Monday - Sunday 8.00 am - 6.30 pm
Tenure:
The premises will be offered on a new FRI lease at a commencing rental of £15,000 per annum. Length of lease to be agreed with a 3 yearly rent review. Full details available on application.
The ingoing tenant will be responsible for the landlord’s reasonable legal costs in the preparation of the new lease.
Rates:
We are verbally informed that the premises are assessed as follows:
RATEABLE VALUE £10,000( from April 2023)
Rates free incentives subject to individual status.
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.
