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Freehold for Sale

Blyth, Northumberland, England

  • Freehold Price: £749,000
Seller Reference: lopr0_905889581
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: lopr0_905889581
Request Details
Business Description
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

Tenure:
Freehold
Location Details:
Briardale Road, Blyth, Northumberland, NE24 5LB
Listed by:
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