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MapOffers in excess of
£150,000Shop for sale
9 Galgate, Barnard Castle DL12
Shop
Features and description
- Tenure: Freehold
- 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
A rare opportunity “To Purchase” this most profitable and respected outdoor pursuit clothing business, leasing the premises on a 10 year lease.
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
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
About this agent
Starting out over 100 years ago by Thomas Addison himself, we are the longest-serving Chartered Surveyors in the Barnard Castle area. Serving the immediate and surrounding dales, we’ve been providing honest and actionable guidance on property, agriculture, and valuations since the early 1900’s. Where do we serve? While we’re based in Barnard Castle, our reach extends far beyond the local area. In fact, not only do we serve the surrounding dales, but we have clients across the entire North East of England, lending a helping hand to clients in County Durham, Cumbria, North Yorkshire, Northumberland, and everywhere in between. No matter where you are, we guarantee a professional and personal approach, always keeping your best interests at heart. How do we do it? BY COMBINING TRADITIONAL VALUES WITH A MODERN APPROACH We love our customers, and our market-leading estate agency software helps us streamline our service and provide the very best for you. BY EMBRACING TECHNOLOGY We help you create a strong online presence, so your property can make an impact digitally. Using the biggest websites available, we give you the best chance of getting your property seen and sold. BY GETTING THE BEST OUT OF OUR TEAM Whether it’s our professional sales team or our team of extensively experienced surveyors, we make sure our staff are the best they can be, so you can get the best out of your property. BY UPLOADING STRICT STANDARDS Standards are important, which is why we’re fully registered with the RICS (Royal Institute of Chartered Surveyors), the NAEA (National Association of Estate Agents), as well as the Ombudsman Services. WE’RE ALSO PASSIONATE ABOUT OUR LOCAL AREA… Which is why we’ve established Addisons Community Initiative – to sell the area you want to sell your property in. This means celebrating and collaborating with the fantastic local schools, businesses, and organisations we have in the Barnard Castle area.