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Fruit & Veg Retailer

Durham £10,000 Leasehold (fees apply) REF: NE1585

Location

The business forms part of the Newton Hall shopping centre which serves a popular housing estate to the north of Durham City and just off the A167.  The shopping centre is home to a number of independent shops and has the benefit of a free designated car park.

Business

This is an established business which our client has owned and operated the shop for the last 3 years, having relocated from Framwellgate Moor nearby. The business has been reluctantly placed on the market due to personal circumstances.

The business operated as a fresh fruit and veg retailer and also offered a range of “world foods” in the form of sauces, spices and other dry goods. The business had built up a loyal customer base and was a destination for seasonal, traditional fruit and veg, together with more exotic offerings from around the globe.  At the moment the shop is closed due to a combination of restrictions imposed by Covid – 19, and for personal reasons.

We see the business as an opportunity for either a couple or a partnership to operate with genuine potential for motivated new owners.

Premises

Comprise a self-contained fully equipped ground floor retail unit forming part of a busy parade.

Ground Floor

Retail Unit circa 286 sq.ft. (26.6 sq.m) into

Rear Shop circa 100 sq.ft (9.5 sq.m)

W.C.

External Yard

Fixtures & Fittings

The unit is air conditioned and a full inventory would be provided prior to exchange of contracts.

Former Trading Hours

Monday - Saturday 9.00am - 5.00pm

Sunday                               closed

Rates

The premises are assessed as follows:

Rateable Value           £5,400

Rates free incentives subject to status.

Tenure

We are verbally informed that the premises are held on a 10 year lease from 2017 with a break clause at the 7th anniversary. The passing rent is £7,500 per annum. Interested parties should seek legal confirmation of this.

EPC

Rating D.

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.

 

 

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If you have something more specific in mind then please give us a call on 0191 487 8566, we're always happy to help.

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