Location
The business is located within a busy parade which is the premier shopping area serving this affluent suburb to the north west of Newcastle upon Tyne.
The location provides easy access to the A1 Western Bypass via the A696 and the City centre can be reached in less than 30 minutes.
Business
This business was established by our client in 1998 and has been in the same family ownership since it opened. The business has been placed on the market as they wish to concentrate on another business matter.
This is an extremely reputable business and has the benefit of offering a broad range of services in addition to the more traditional dry cleaning. The plant on site has seen significant investment in both the branding and the equipment.
This is an extremely rare opportunity and offers a new owner huge scope to develop the business further.
The business owner only operates for limited opening times due to personal family commitments and there is an opportunity to increase turnover further with extended hours.
Premises
Comprises a ground floor lock up retail unit. In accordance with the RICS Property Measurement (1st Edition), the areas have been calculated and stated with reference to the current edition of the RICS Code of Measuring Practice OR IPMS.
Ground Floor
Retail Unit 878 sq.ft. (81.6 sq.m.)
W.C. with wash hand basin.
External
Service Area / Bin Store
Trading Hours
Monday Closed
Tuesday 9.00am – 4.00pm
Wednesday 9.00am – 1.00pm
Thursday 9.00am – 4.00pm
Friday 9.00am – 4.00pm
Saturday 9.00am – 1.00pm
Sunday Closed
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £23,250
Tenure
We are verbally informed that a new 10 year lease is available at a commencing rental of £19,000 per annum plus VAT. Full details on application.
EPC
Rating B - If you require sight of the Energy Performance Certificate prior to making a viewing appointment then please get in touch with this office.
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.
