Sea Road Fulwell

An opportunity to purchase a long established greeting cards and clothing business situated in a prominent corner position on Sea Road to the North of Sunderland city centre. With a long established retail business with a loyal customer base it is offered for sale with scope for further improvement. The business is for sale to include the goodwill and the fixtures and fittings and stock. For sale for the current owners retirement purposes. The property is a well presented shop fitted out with a front sales area and a toilet and staff room to the rear. There is a small yard.

LOCATION
Located in a prominent position in the centre of the Sea Road shopping area within easy reach of the sea front, Roker Park and the City centre. The property is in a mixed residential and retail area and is well served by local bus routes and is a short walk from Seaburn Metro Station which provides access to Newcastle and South Shields

DESCRIPTION
The property is an attractively presented shop fitted out with a front sales area. The shop is called All that Glitters trading as Tajeta.

This is a long established business with the current owner trading for over 20 years and is offered for sale because the owner is retiring.

The business is a retailer of greeting cards and small gift or fashion items. It will appeal to someone who wants a secure, long established business or has some experience in the card industry.

ACCOMMODATION
The property comprises: An end terraced property with a ground floor shop with a retail area and ancillary accommodation

Accommodation
It comprises:
Sales 33.5 sqm
Storage 3 sqm

AMENITIES
Features:

Suspended ceiling
Electric security roller shutter to front
Rear yard

TERMS
The property is occupied under a 5 year lease from December 2021

The current passing rent is £7000 per annum

The business is for sale to include: Fittings, fixtures and goodwill.

The asking price is £30,000 plus stock at valuation (Accounts available on request)

OUTGOINGS
The current rateable value is £7100
Rates payable £3542 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

VAT
No Vat is payable

VIEWING
Strictly by appointment through sole agents. Please ask for Stephen Jones