Guide Price P.O.A.
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.
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 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.
(Approximate net internal areas)
Sales96.1 m² (1034 ft²)
Storage20.4 m² (220 ft²)
Storage69.7 m² (750 ft²)
Office/Showroom79.4 m² (855 ft²)
Storage53.0 m² (570 ft²)
WC accommodation is available on the first floor.
The property benefits from mains water, electricity and drainage with partial electric heating.
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.
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.
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.