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Freehold for Sale

Blyth, Northumberland
Asking Price:
£749,000
Status
FOR SALE
Advert ID
249062
Reference
lopr0_905889581 / Rightbiz
LOCATION:
The business is located on Briardale Road, in Blyth in highly densely populated residential area of Cowpen Estate on the east side of the town & also close by are local schools, places of worship. The estate lies just of Cowpen Road which is one of the main routes into Blyth town centre from the A189 Spine Road and the estate itself is around 2 miles west of the town centre. The town lies approximately 15 miles north east of Newcastle with good road links north and south


DESCRIPTION:
Comprises a self-contained ground floor retail unit with rear stores, forming part of a 3 storey detached property. In addition to the retail area there are large stores which are invaluable to any high-volume convenience store operation. The upper parts is a 5 bedroom with reception, fully modern fitted kitchen, family bathroom & 2 en-suites.


BUSINESS:
The business has been in our client’s ownership since 2000 and has been trading as a successful family run business for almost 20 years. The business has been placed on the market as our clients wish to plan for their retirement. The premises are extensive and benefit from a good quality shop fit with very little for any new owner to attend to on takeover.


PREMIUM:
£249,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill


RENTAL:
£30,000 per annum


TERMS:
The property is available to let on a new 15 years lease on a full repairing and insuring basis for a term to be agreed subject to periodic rent reviews


TENURE:
£749,000 Freehold


BUSINESS RATES:
Nil. However, all interested parties are encouraged to make their own enquiries with local authority


SIZE:
Approximately 7405 sq ft


OPENING HOURS:
Monday - Saturday 6:00 a.m till 10:00 p.m & Sunday 7:00 a.m - 9:00 p.m


STAFF:
Owner managed with 5 staff


UPPER PARTS:
The upper parts is a 5 bedroom with reception, fully modern fitted kitchen, family bathroom & 2 en-suites


TURNOVER:
We are advised that the yearly turnover is approximately £1,040,000 per annum


ACCOUNTS:
Available on request


LEGAL COST:
Each party to bear own cost


LOCAL AUTHORITY:
Blyth


ENERGY PERFORMANCE CERTIFICATE:
Energy Performance Asset Rating is 72: C Rating. A copy of this property’s energy performance certificate is available on request


REFERENCE CHARGE:
London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord.


HOLDING DEPOSIT:
A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account


FIXTURE & FITTINGS:
Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition


AGENT NOTE:
London Properties for themselves for Lessors, Vendors and their agents, give notice that:-


1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT


VIEWINGS:
Through London Properties by appointment only

Listing Details
Asking Price: £749,000
Location: Blyth, Northumberland
Sector: Commercial Properties
Key Features
  • Accounts Available
  • High Turnover
  • With Accommodation
  • Central Position in Affluent Village
  • With Car Park
  • New Lease
  • Established Business
  • Retirement Sale
  • Attractive Business
  • Incentives May Be Available
  • Close to Local Amenities
  • Open Plan Trading Area
  • Prime Location
  • Unique Business
  • Fully Fitted
Contact Agent
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Advert Reference: lopr0_905889581 / Rightbiz
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