Property Summary


Guide Price P.O.A.

Branch Details


Alnwick

01665 603581

alnwick@georgefwhite.co.uk

6 Market Street, Alnwick, Northumberland, NE66 1TL

Glendale Paints

Portfolio of Glendale Paints 4 DIY retail outlets

•Independent chain of quality DIY shops. •Properties located in Alnwick, Berwick, Kelso and Wooler. •Sold as a going concern due to forthcoming retirement. •Three properties are freehold, one is leasehold.

The Area
Location

Wooler is a popular small town adjacent to the A697 approximately 35 miles north east of Morpeth and 19 miles distant from Alnwick, known as the gateway to the Cheviots and close to the Scottish Border.

The Property
Property Description

The property is situated to the northern part of the High Street and is a substantial end terraced double fronted building with ground, first and second floors with High Street frontage and side access which is ideal for loading/unloading.

Providing a spacious retail space together with storage and administration accommodation. Close to the Good Life Shop, Wooler Post Office, Glendale Pharmacy, popular local traders and approximately 50 metres from Barclays Bank.

Floor Areas
(Approximate net internal areas)
Ground Floor
Sales96.1 m² (1034 ft²)
Storage20.4 m² (220 ft²)
First floor
Storage69.7 m² (750 ft²)
Office/Showroom79.4 m² (855 ft²)
Second Floor
Storage53.0 m² (570 ft²)
WC accommodation is available on the first floor.

Services

The property benefits from mains water, electricity and drainage with partial electric heating.

Rateable Value

With effect from 1 April 2017 the premises have a Rateable Value of £8,700.

This qualifies for Small Business Rate relief but only applies if your business uses one property.

Tenure

The property is Freehold and we are informed there are no onerous restrictions, easements or encumbrances and will be available either For Sale with full Vacant Possession or To Let on a Lease to be negotiated.

Rental Terms

10 year Lease with 5 yearly rent review to Market Rental Value at a commencing rent of £15,000/annum on an effective FRI Lease.

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