GLENDALE PAINTS ALNWICK - BERWICK UPON TWEED - KELSO - WOOLER

PORTFOLIO OF THREE RETAIL PROPERTIES ACROSS NORTHUMBERLAND FOR SALE AS A GOING CONCERN DUE TO RETIREMENT GLENDALE PAINTS

PORTFOLIO OF THREE RETAIL PROPERTIES ACROSS NORTHUMBERLAND FOR SALE AS A GOING CONCERN DUE TO RETIREMENT

Well established businesses ▪ High Street locations ▪ Excellent investment opportunity ▪ Available for sale or to let The properties are situated across North Northumberland and Scottish Borders and are located at:

54 High Street 103 Marygate 45 Bondgate Within Wooler Berwick upon Tweed Alnwick Northumberland Northumberland Northumberland NE71 8BG TD15 1BH NE66 1SX

OFFERS INVITED Alnwick 01665 603581 [email protected] Background Legal Costs IMPORTANT NOTICE An independent chain of quality paint shops Each party will bear their own legal costs incurred in Every care has been taken with the preparation of established by Harry Grant in the early 1970’s. The connection with the purchase or letting of all or any these particulars, but they are for general guidance family business expanded to provide outlets in of the properties. only and complete accuracy cannot be guaranteed. Wooler, Kelso, Berwick upon Tweed and Alnwick. VAT If there is any point, which is of particular importance The business specialises in selling paint and professional verification should be sought. All All figures quoted in these details are exclusive of wallpaper and associated products together with dimensions/boundaries are approximate. VAT where chargeable. hardware, DIY supplies and accessories to the public The mention of fixtures, fittings &/or appliances does and to the trade offering home delivery and a colour Inspection of Properties not imply they are in full efficient working order. matching and colour mixing service. Viewing is through Agents by prior Photographs are provided for general information The business trades as a Partnership, the principal appointment/arrangement. and you may not republish, retransmit, redistribute or being Harry Grant and his wife. Further details or appointments to view can be otherwise make the material available to any party or Information relating to annual turnover, gross profit arranged by telephoning 01665 603231 or by make the same available on any website. and level of stock on a shop by shop basis is emailing: [email protected] These particulars do not constitute a contract or part available through the Agents or Glendale Paint’s of a contract. accountants, Greaves Grindle. The business is for sale as a going concern due to the forthcoming retirement of the Partners. All three of the trading properties are owned Freehold. They are available either as Freehold or Leasehold on terms to be agreed based on new 10 year Leases with 5 yearly rent reviews on FRI terms. Details are given for each individual property of proposed rents/guide price. 54 High Street Wooler, Northumberland NE71 6BG High street location ▪ Accommodation over three floors ▪ Spacious retail space ▪ Situated close to other local retailers GUIDE RENT £15,000pa / GUIDE PRICE £175,000

Location WC accommodation is available on the first floor. Wooler is a popular small town adjacent to the A697 approximately 35 miles north Services east of Morpeth and 19 miles distant from The property benefits from mains water, Alnwick, known as the gateway to the electricity and drainage with partial electric Cheviots and close to the Scottish Border. heating. Property Description Rateable Value The property is situated to the northern With effect from 1 April 2017 the premises part of the High Street and is a substantial have a Rateable Value of £8,700. end terraced double fronted building with ground, first and second floors with High This qualifies for Small Business Rate relief Street frontage and side access which is but only applies if your business uses ideal for loading/unloading. one property. Providing a spacious retail space Tenure together with storage and administration The property is Freehold and we are accommodation. Close to the Good informed there are no onerous restrictions, Life Shop, Wooler Post Office, Glendale easements or encumbrances and will be Pharmacy, popular local traders and available either For Sale with full Vacant approximately 50 metres from Possession or To Let on a Lease to Barclays Bank. be negotiated. Floor Areas Rental Terms (Approximate net internal areas) 10 year Lease with 5 yearly rent review to Ground Floor Market Rental Value at a commencing rent of £15,000/annum on an effective Sales 96.1m² (1,034ft²) FRI Lease. Storage 20.4m² (220ft²) First floor Storage 69.7m² (750ft²) Office/Showroom 79.4m² (855ft²) Second Floor Storage 53.0m² (570ft²) 103 Marygate Berwick upon Tweed, Northumberland TD15 1BH Well located in popular Market Town ▪ Situated close to other local retailers ▪ Attractive shop frontage GUIDE RENT £16,000pa / GUIDE PRICE £225,000

Location Tenure Berwick is approximately 63 miles to the north The property is Freehold and we are informed of Newcastle upon Tyne and 56 miles to the there are no onerous restrictions, easements or south of Edinburgh. Positioned on the A1 encumbrances and will be available either For with good rail connections it is England’s most Sale with full Vacant Possession or To Let on a northerly town. Lease to be negotiated. Description Rental Terms The subject property is well located on the 10 year Lease with 5 yearly rent review to northern part of Marygate, the town’s principal Market Rental Value at a commencing rent of shopping street, there is a car park close by £16,000/annum on an effective FRI Lease. and nearby traders include Ladbrokes, Iceland, Specsavers and Leaf Jewellery. A two storey mid-terraced building with a shop frontage to Marygate and benefiting from access and yard space to the rear of Golden Square with a rear door for loading and deliveries. Accommodation Ground Floor Sales Area 77.1m (830ft²) Storage 1.2m² (13ft²) First Floor Showroom 45.6m² (491ft²) Storage 6.6m² (71ft²) There are also WC facilities within the property. Car parking spaces are to the rear of the property. Services The property benefits from mains water, mains electricity and mains drainage. Rateable Value With effect from 1 April 2017 the premises have a Rateable Value of £19,250 45 Bondgate Within Alnwick, Northumberland NE66 1SX Very busy market ▪ Well established business ▪ Prime location ▪ Good footfall ▪ Situated close to other local retailers GUIDE RENT £25,000pa / GUIDE PRICE £312,500

Location Tenure Alnwick is approximately 40 miles north of The property is Freehold and we are Newcastle upon Tyne and sits astride the informed there are no onerous restrictions, A1. The subject premises are prominently easements or encumbrances and will be located within the centre of Alnwick available either For Sale with full Vacant adjoining Specsavers and Northumbria Possession or To Let on a Lease to cottages holiday agency. Located be negotiated. opposite the property are Lloyds Bank, Rental Terms Barclays Bank. The popular town Market Place is nearby. 10 year Lease with 5 yearly rent review to Market Rental Value at a commencing rent Description of £25,000/annum on an effective A mid terraced retail premises and FRI Lease. showroom located over 3 floors. The Note business has been long established within the town and provides painting and DIY There is parking to the rear for 2 vehicles supplies. It has a double shop front to and a Planning Consent for an extension. Bondgate Within and is very visible within the town. Accommodation Ground Floor Retail sales 89.6m² (964ft²) WC & kitchen 13.4m² (144ft²) First Floor Showroom 100.8m² (1,085ft²) Services The property benefits from mains water, mains electricity and mains drainage and has part electric heating. Rateable Value With effect from 1 April 2017 the premises have a Rateable Value of £26,500. www.georgefwhite.co.uk