Fulwell Road, Fulwell: Offers In Region Of £120,000

Sold STC  |  Commercial
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For more information please call us on or email fulwell@alfredpallas.com

Full Details:

LOCATION
Situated in a prominent corner position at the junction of Fulwell Road and Atkinson Road. It is conveniently situated for access to the amenities in Sea Road and Seaburn Metro Station.

DESCRIPTION
The property comprises a ground floor shop with a small kitchen and storage area to the rear. Externally there is a private self contained yard. The shop has been recently refitted and provides, bright, well presented accommodation.

ACCOMMODATION
Sales 39 sq m 391 sq ft

Kitchen 8.52 sq m 92 sq ft

Store Room 3 sq m 33 sq ft

Staff Toilet

There are security shutters to the windows

Tenure

The business is offered for sale with the building on either a leasehold or freehold basis.

Price

For sale freehold with business £120,000 (plus stock at valuation)
To rent on a new lease with term to be agreed £8,000 per annum plus premium for goodwill of business of £30,000

OUTGOINGS
We are verbally informed by Sunderland City Council that the rateable value is £9200 with rates payable 2017-18 £3213 Individual applicants should make enquiries as to their individual level of liability as they are likely to be entitled to a discount from this figure. The current owner pays zero rates due to small business rates relief

PLANNING
Planning

Planning consent has been obtained for a dormer extension to the first floor to create a small flat for a business owner/employee. Details on request. There is also potential to significantly extend the shop with a ground floor extension across they yard if desired.

Business

The business has a turnover (2017) of £303,129. This turnover is made up of sales and includes contributions from the 12 newspaper delivery rounds, parcels and national lottery. Detailed accounts are available on request. The property trades from 6am-7.30pm Monday to Saturday and 6am-4pm on Sundays. There is a premises license. There are 3 part time members of staff in addition to the vendor who works two and a half days a week.

Property is freehold

EPC Rating: F

Viewing: Strictly by appointment through sole agents. Please ask for Stephen Jones

Note:

  1. These particulars are intended to provide a general outline only for the guidance of prospective purchasers or tenants and do not constitute, nor shall constitute, part of an offer or contract. Intending purchasers or tenants must satisfy themselves by inspection or otherwise as to the correctness of such information. The Vendor/Lessor does not make or give, and neither the partners of Pallas Jones, nor any person in their employment has any authority to make or give any warranty in relation to this property.
  2. Please note that the services and appliances in the property have not been tested. Nothing in these particulars shall be deemed a statement that the property is in good condition, nor that any services, appliances or any fittings are in working order or satisfy current regulations.
  3. Any measurements, areas or distances referred to are approximate and are not precise. Accordingly room sizes should not be relied upon for carpets or furnishings. Plans and floor plans are for identification purposes only and are not to scale.

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