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.
Alnwick is approximately 40 miles north of Newcastle upon Tyne and sits astride the A1. The subject premises are prominently located within the centre of Alnwick adjoining Specsavers and Northumbria cottages holiday agency. Located opposite the property are Lloyds Bank, Barclays Bank. The popular town Market Place is nearby.
A mid terraced retail premises and showroom located over 3 floors. The business has been long established within the town and provides painting and DIY supplies. It has a double shop front to Bondgate Within and is very visible within the town.
Retail sales89.6 m² (964 ft²)
WC & kitchen13.4 m² (144 ft²)
Showroom100.8 m² (1085 ft²)
With effect from 1 April 2017 the premises have a Rateable Value of £26,500.
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 £25,000/annum on an effective FRI Lease.
There is parking to the rear for 2 vehicles and a Planning Consent for an extension.