3 bedroom townhouse for sale
Key information
Property description & features
- Tenure: Freehold
- Investment opportunity
- Business with Premises & Flats
- Excellent Turnover & Profit
- Retirement Sale
- Equipment & Stock Included
- Handover Period Provided
Business Details
This highly regarded and long-standing business has been successfully run by the current owners since 1982, having been bought from the founding owners who established in 1939. The business shows extremely consistent accounts and an extremely healthy profit margin. There is no advertising outlay due to the high level of loyal and regular customers derived from the local residents and businesses, as well as the high volume of footfall and passing traffic due to the close proximity to popular tourist attractions, regular markets and high street shopping.
Due to the confidentiality of the sale and before any further information is provided, a non-disclosure agreement would need to be signed.
The Building
The freehold building consists of the shop premises which is over two floors and includes the main retail area, back preparation area and a basement level with
toilets. In addition there are three studio flats above the shop, with independent access. All are currently tenanted.
Premises Details
Shop premises are in good condition throughout, occupying a busy highly desirable town centre location with excellent foot fall.
Rateable Value - 8,400 per annum (Small business rate relief is currently applicable)
Services Mains gas, Mains water & drainage, Mains electric.
Total Area 60.78 sq/m (654 sq/ft)
Flat One
Comprises of a living/dining room, kitchen, one bedroom and a bathroom.
The rent is currently charged at 395pcm.
Total Area 36 sq/m.
Council Tax band A.
EPC D rating.
Flat Two
Comprises of a living/dining room, kitchen, one bedroom and a bathroom.
The rent is currently charged at 435pcm.
Total Area 38 sq/m.
Council Tax band A.
EPC C rating.
Flat Three
This is a studio bed-sit with a bathroom.
The rent is currently charged at 350pcm.
Total Area 22 sq/m.
Council Tax band A.
EPC C rating.
Location
Busy prime trading location within historic central Hexham, Northumberland. Overlooking the 'Shambles', Hexham Abbey and Old Gaol it enjoys excellent footfall from both locals and tourists. Regular market and event days also ensure this is regularly busy with pedestrian traffic
Stock & Equipment Included
Approximately 2000 worth of food stock. The range of equipment includes a 3-pan Preston & Thomas fryer, Large peeler, Chipper, Cooler, Filter machine, Dishwasher, Hob, Hot water dispenser, Fridge freezer, Two Freezers, Counter & Till, Service lift and Emergency fire shutter. Menu board and Cafe Tables & Chairs.
Expansion Potential
There is no advertising outlay due to the length of establishment, high level of loyal and regular customers derived from the local residents and businesses, as well as the high volume of footfall and passing traffic due to the close proximity to popular tourist attractions, regular markets and high street shopping.
Current Trading Hours
Mon - Sat 11:00 AM - 8:00 PM
Years Established
The business was first established by the first owners in 1939. The current owners took over the business in 1982.
Reason For Sale
Retirement.
Support & Training
The owners are happy to assist with a handover period.
Disclaimer
These Particulars are intended only to give a fair description of the business and do not form the basis of a contract or any part thereof. These descriptions and all the detailed information are believed to be correct, but its accuracy is in no way guaranteed and have been supplied by the vendor and accepted by A&G in good faith. These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
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