Shop for sale
Property description & features
- Business for Sale
- Premises on 10 Year Lease
- Well Respected Clothing Business
- Ideally Located with Barnard Castle
- Popular with Locals and Tourists
- Parking Close By
- Website and Online Shop
- Ground Floor & First Floor Sales
- Separate WC & Store
- Large Window Display
This very lucrative business is ideally positioned on Galgate with parking and bus stops being close at hand. Enjoying a high volume of footfall from shoppers and visitors to the bustling tourist destination of Barnard Castle.
The shop has a large window display and utilises all the floor space to both floors, being well maintained and fitted out to suit its trade.
The business operates 6 days a week with potential for 7 days a week trading generating a good turnover with good profits and is only now offered to the market due to retirement. Our client has traded in the town for 35 years, 15 of which have been at the current location.
This is a successful and well respected local business which has a loyal client base with a high volume of repeat trade and tourist trade.
The business has its own website with online shops on Amazon and Ebay.
Shop Premises Comprise:
Large display windowGround floor entry to main shop floor sales area 43.1m².
First floor sales area 32.41m²
Separate WC/Store 2.66m x 1.92m
Office Store 3.29m x 3.13m
TERMS
The business is proposed to be leased on a 10 year, fully insuring and repairing lease to be formed under the Landlord and Tenant Act 195. A rent of £15,000 per annum, payable monthly in advance with a rent review every 3 years.
The business will be purchased at a valuation figure of “Offers Over £150,000”.
The stock will be purchased at valuation as at the date of takeover. Stock varies from year to year; we will be able to provide estimates depending of the time of year for the takeover.
Copies of the accounts can be made available from the accountants to seriously interested parties.
Accountants reports of multiple years trading, profit and loss accounts will be available to serious parties once initial negotiations have been undertaken.
VIEWINGStricty by appointment through the selling agents Addisons Chartered Surveyors[use Contact Agent Button] opt 1.
SWN/BJC20.5.22
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 10142814. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Addisons - Barnard Castle.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.