18a North Road, Durham, DH1 4SQ

FISH & CHIP SHOP BUSINESS FOR SALE

40 ft²

Premium Offers Invited

Key Features

Features
Busy Town Centre Location
Size of 40.26m2 433 ft2
Fully Fitted Kitchen
Turnover c.£250k
Net Profit c.£35-40k per annum
Well established business
Transport
Bus stops located along North Road.
0.3 miles from Durham Train Station.
2.8 miles from A1(M).
23.9 miles from Newcastle International Airport.

Property Description

LOCATION

Durham has a catchment approaching 100,000 being located only 1 mile from the A1(M) with direct inner city links to London & Edinburgh.  The City is approximately 18 miles South of Newcastle upon Tyne, 15 miles South West of Sunderland and 20 miles North of Teesside with Darlington approximately 20 miles to the South.  The property is situated on North Road, a busy thoroughfare connecting the public transport links to the city centre.


DESCRIPTION

The property is occupied by ‘Freddie’s Fish & Chips’, which has built up an excellent reputation for beer-battered Fish & Chips in Durham City. The shop generates a consistent income/profit all year round despite the ‘seasonal nature’ of Durham City’s student population. There are 5 current staff, 2 of which work in excess of 30 hours per week. The sales and counter area has been re-tiled and decorated since occupation and benefits from a fully-fitted kitchen (a full inventory list to be provided), WC and storage.

 

ACCOMMODATION

Ground Floor Sales               25.66 m²   (276 ft²)

Ground Floor Kitchen         10.55 m2 (113 ft2)

Ground Floor Storage           4.05 m2   (44 ft2)

Total                                       40.26 m2 (433 ft2)


RATING ASSESSMENT

Description                             RV                Estimated Rates Payable

Shop & Premises                    £6,300                     £3,093.30


We are advised that the rateable value of the premises as at 1 April 2017 is £6,300 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.1p in the pound. However, interested parties should confirm the current position with the Local Authority.


EPC RATING

To be re-assessed.


TERMS

Our client is seeking premium offers in the region of £90,000. The lease is for a 10 year term from 27.3.18 at a rent of  £22,000 per annum on an EFRI basis.  

 

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.


LEGAL COSTS

Each party is to bear their own legal costs involved in the transaction.

 

MONEY LAUNDERING REGULATIONS

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

 

VIEWING

For general enquiries and viewing arrangements please contact Joseph I’Anson at Bradley Hall.


Tel:         0191 383 9999    

Email:     joseph.ianson@bradleyhall.co.uk

                anthony.barella@bradleyhall.co.uk


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