37 Market Street, Alnwick

Business premium of £40,000 is sought for the fixtures, fittings, stock and goodwill of the business.

New lease terms to be agreed.

The Business: Sportsworld is a long-established business that has been a fixture within the centre of Alnwick for the past 35 years providing a range of sporting goods to include Rugby, Cricket, Football and Running amongst other sports equipment including brands such as Canterbury, Addidas and Puma. In addition to sporting goods the business has built a wide reputation for providing team kit and printing throughout the north east region.
The business is to be sold to include the fixtures, fittings, all current stock and goodwill with a new lease of 10 years at a rent of £12,000 per annum. Some machines will be made available via separate negotiation.

Description: The subject property comprises a ground floor mid terrace building, which occupies a prominent position on Market Street. The property is well presented open plan retail space with additional storage rooms.

Accommodation: Ground Floor: 66.70 sqm / 718 sq ft

Location: The subject property is located within the heart of Alnwick town centre on Market Street directly opposite the central market place. Market Street benefits from a host of national occupiers including Specsavers, William Hill and the Post Office mixed with a number of long standing and successful local businesses to include Proudlocks, Conroys Jewlers and the Farm Bakery. The neighbouring property is currently being converted into a high end café which will further boost footfall.
Alnwick is a popular tourist destination, and the property is just a short distance from Alnwick Castle and Gardens, Lilidorei the newly opened largest outdoor play structure in the world and local car parking facilities.

Terms: The business occupies 37 Market Street on a 10 year lease at a rent of £12,000 per annum.
A premium of £40,000 (Forty Thousand Pounds) is sought for the fixtures, fittings, stock and goodwill of the business. The premium is equivalent to current stock levels providing a unique opportunity to secure a long established business at a uniquely affordable price point.

EPC: TBC
Rating Assessment: The rateable value of the premises as of 1 April 2023 is £13,250, interested parties should confirm the current position with the Local Authority as business rates relief may be available.