Location
The business is located within a small shopping parade which serves the popular residential estate of Stobhill Grange. This is a pleasant suburban area to the south of the town centre, close to the railway station and with easy road access.
There are a number of new housing estates on the south side of the town and Morpeth continues to be a popular commuter address with excellent road and rail links.
Business
This business was established by our client in 2001 and has been in the same ownership since it opened. The business has been placed on the market as they are now looking to retire.
This is an extremely reputable business which now trades on word alone with the customer base being made up of either existing or referred clients. Services provided include alterations, dry cleaning and laundry services and the premises are fully fitted and equipped for the trade. There is genuine scope to develop this business via marketing and social media and viewing is recommended to appreciate the strong profits and the future potential of the site.
Premises
Comprises a lock up retail unit with a separate 2 bed flat. The flat is rented out and generates an income of £425 per calendar month.
Tenure
We are verbally informed that the premises (including the flat) will be available on a new lease at a rent of £10,500 per annum. Any 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.
