Retail premises for sale in North Road, Boldon Colliery NE35

Non-quoting
Retail premises for sale 613 sq. ft*
Interested in this property? Call +44 191 686 9796 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

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 £5,070 (Five Thousand and Seventy) 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: Email:

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Bradley Hall, NE1 on +44 191 686 9796 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bradley Hall, and do not constitute property particulars. Please contact Bradley Hall for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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