Location
The property is located on the main A695 road running through Stocksfield towards Prudhoe. The shop forms part of the main shopping area and there is free pull in parking to the front.
A newsagent and convenience store has operated from this site for over 20 years and the premises are in excellent order throughout.
Stocksfield is an affluent village within the Tyne Valley with a good infrastructure and a selection of independent retailers together with nationals.
Description
Comprises the ground floor of a semi-detached two storey property of part rendered brick construction with a pitched slate roof over.
Accommodation
Ground Floor
Sales Area 660 sq.ft. (610 sq.m.)
Store 1 130 sq.ft. (12 sq.m.)
Store 2 160 sq.ft. (15 sq.m.)
W.C.
External
Forecourt / Seating to the front
Parking to the rear
Freehold
The title is freehold. Interested parties should make their own legal enquiries.
EPC
Rating C
Business Rates
The premises are assessed as follows:
Rateable Value £7,400
Rates free incentives subject to tenant status.
Occupational Leases
This ground floor investment opportunity is held on a 5 year lease from 2019. The passing rent is £10,620 per annum and there are no further reviews within the term. A copy of the lease is available on request.
Legal Costs
Each party to be responsible for their own legal costs in this transaction.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of source of income.