27 North Road, Boldon Colliery

Retail business for sale

613 ft²

£30,000 Premium Rent of £5,399 per annum

Key Features

Features
Business for sale
Total size of 57m² (613ft²)
Benefits from A1 Retail use class
EPC Rating D82
Excellent transport links
Established local business
Transport
Bus stops located outside of the property
2.1 miles from East Boldon Train Station
Situated on North Road which links with New Road B1298
14.3 miles from Newcastle International Airport

Property Description

LOCATION

The property is situated on North Road in Boldon Colliery. Boldon Colliery is a large village, comprising of around 500 Miners’ cottages and good local retailers. It is 4 miles North West of Sunderland and 3 miles South of Jarrow. The property itself is situated on North Road which is both a mix of Residential and Commercial properties. Retailers situated close by to the property include, ASDA, ASDA Petrol Station and Cineworld.


The property benefits from good transport links, this includes bus stops directly opposite the property, and the nearest train station being East Boldon which is only 2.1 miles away.

 

DESCRIPTION

The subject property is a ground floor mid terrace retail unit, currently trading as a coffee shop. The premises consist of a ground floor sales area, kitchen and storage area.


BUSINESS DETAILS

The business is currently trading as Milk & Sugar for … years and serves coffee and food. The business trades 6 days a week from 8:30am to 3:30pm An itinerary of the fixtures and fittings is available on request which includes a hire purchase van which forms part of the business. A copy of the most recent accounts is available on request.


ACCOMMODATION

Ground floor retail 34.9m² (375ft²)

Ground floor kitchen 15.6m² (167ft²)

Ground floor storage 6.5m² (70ft²)

Total 57.0m² (613ft²)

 

RATING ASSESSMENT

Description RV Estimated Rates Payable

Shop and premises £4,000 £1,964

We are advised that the rateable value of the premises as at 1 April 2017 is £4,000 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48p in the pound. However, interested parties should confirm the current position with the Local Authority.


EPC RATING

D82

 

TERMS

The property is available by way of assignment of the current lease which commenced on 20/10/2014 and expires on 19/10/2021. The current rent is £5,399 (Five Thousand Three Hundred and Ninety-Nine) per annum.


A premium is sought for the goodwill and fixtures of the business at £30,000 (Thirty Thousand Pounds).

 

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 or Anthony Barella at Bradley Hall.


Tel:          0191 563 4242     

Email:     joseph.ianson@bradleyhall.co.uk        

                anthony.barella@bradleyhall.co.uk


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