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.
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.
Comprise a self-contained fully equipped ground floor retail unit forming part of a busy parade.
Retail Unit circa 286 sq.ft. (26.6 sq.m) into
Rear Shop circa 100 sq.ft (9.5 sq.m)
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
The premises are assessed as follows:
Rateable Value £5,400
Rates free incentives subject to status.
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.
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.