£30,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
Sea Road Fulwell
Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page :
Size The size of a property or land refers to its physical extent or area. Read our glossary page
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Use Class A commercial use class refers to a classification system that categorises buildings based on their intended commercial purposes, such as offices, retail spaces, or industrial facilities. Read our glossary page
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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 establish...
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
Transport
Seaburn
0.3 miles
St Peters
1.3 miles
Sunderland
1.7 miles
East Boldon
2.0 miles
Brockley Whins
3.9 miles
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