Chester Road, Sunderland

A rare opportunity to purchase a long established wool and childrens clothing business situated in central Sunderland. With an outstanding retail business and online presence. situated in Chester Road opposite Sunderland Royal Hospital. the property is for sale to include the extensive retail and storage premises in Chester Road the goodwill of the business and the vast stock.

LOCATION
Situated in a prominent position in Chester Road. Approximately 1 mile to the west of Sunderland City Centre. The shop is immediately opposite Sunderland Royal Hospital. There are a variety of local and National retailers on Chester Road. It is one of the best known shopping streets in Sunderland.

DESCRIPTION
A rare opportunity to purchase a long established wool and childrens clothing business situated in central Sunderland. With an outstanding retail business and online presence. Situated in Chester Road opposite Sunderland Royal Hospital. The property is for sale to include the extensive retail and storage premises in Chester Road the goodwill of the business and the vast stock.

Kemp's are a family business established in 1947 and are offered for sale because the owner is retiring.

The business is a retailer of wool, yarns and patterns as well as childrens and baby wear it will appeal to someone who wants a secure, long established business or has some experience in the wool industry.

ACCOMMODATION
The property comprises: A mid terraced two storey property with a ground floor shop with a retail area with offices and storage at first floor level.

Accommodation
It comprises:
Ground floor:
Sales 101 sqm
Storage 10 sqm

First Floor
5 Storage Rooms 67.4 sqm

Features:

Suspended ceiling
Gas blowers to shop
Fan heaters to first floor
CCTV system
Security alarm system
Fire alarm system
Electric security shutter to front
Covered store to rear with 2 electric roller shutter
Electric roller shutter to front

TERMS
The business is for sale to include: Fittings, fixtures and goodwill.
The property is also included for the freehold interest of 203 Chester Road
The asking price is £250,000 plus stock at valuation (Accounts available on request)

OUTGOINGS
The current rateable value is £12,750
Rates payable £6500 per annum
Under current business rates rules most occupiers are entitled to small business rates relief discount from these figures, with many occupiers paying no rates what so ever. Interested should contact Sunderland Council Business Rates Department

OTHER
EPC Rating to be confirmed