Galgate, Barnard Castle, County Durham, DL12

Property Details: • Type: Shop • Tenure: N/A • Floor Area: N/A

Key Features: • Business for Sale • Premises on 10 Year Lease • Well Respected Clothing Business • Ideally Located with Barnard Castle • Popular with Locals and Tourists • Parking Close By • Website and Online Shop • Ground Floor & First Floor Sales • Separate WC & Store • Large Window Display

Location: • Nearest Station: Bishop Auckland Station • Distance to Station: 12.6 miles

Agent Information: • Address: 13 Galgate, Barnard Castle, DL12 8EQ

Full Description: A rare opportunity “To Purchase” this most profitable and respected outdoor pursuit clothing business, leasing the premises on a 10 year lease. This very lucrative business is ideally positioned on Galgate with parking and bus stops being close at hand. Enjoying a high volume of footfall from shoppers and visitors to the bustling tourist destination of Barnard Castle.The shop has a large window display and utilises all the floor space to both floors, being well maintained and fitted out to suit its trade.The business operates 6 days a week with potential for 7 days a week trading generating a good turnover with good profits and is only now offered to the market due to retirement. Our client has traded in the town for 35 years, 15 of which have been at the current location. This is a successful and well respected local business which has a loyal client base with a high volume of repeat trade and tourist trade.The business has its own website with online shops on Amazon and Ebay.Shop Premises Comprise:Large display windowGround floor entry to main shop floor sales area 43.1m².First floor sales area 32.41m²Separate WC/Store 2.66m x 1.92mOffice Store 3.29m x 3.13mTERMSThe business is proposed to be leased on a 10 year, fully insuring and repairing lease to be formed under the Landlord and Tenant Act 195. A rent of £15,000 per annum, payable monthly in advance with a rent review every 3 years.The business will be purchased at a valuation figure of “Offers Over £150,000”. The stock will be purchased at valuation as at the date of takeover. Stock varies from year to year; we will be able to provide estimates depending of the time of year for the takeover.Copies of the accounts can be made available from the accountants to seriously interested parties.Accountants reports of multiple years trading, profit and loss accounts will be available to serious parties once initial negotiations have been undertaken.VIEWINGStricty by appointment through the selling agents Addisons Chartered Surveyors opt 1.SWN/BJC20.5.22Energy Performance CertificatesEPC