Heavy Industrial for sale

Unit 384c Jedburgh Court, Team Valley Trading Estate, Gateshead, NE11 0BQ

162 sq. m. | £30,000

Property Description

Commercial information

  • Business for sale
  • 1,749 sq ft (162 sq m)

Key features

  • Joinery Business
  • Well Established
  • Would Suit a Variety of Buyers
  • Rented Premises
  • Excellent Location
  • Good Access to Transport Routes

Full description

'Gateshead Joinery' is a specialist and traditional joinery business well located within Team Valley Trading Estate, Gateshead. We offer the business for sale with the benefit of a well known name in and around the region, a continuing and steady flow of private and trade orders and retention of the longstanding existing premises on new lease terms ensuring continuity at the location.

The business and how it can be sold would potentially suit a wide range of buyers. Typically we would expect that this would be worthy of serious consideration to existing businesses operating in a slightly different market where the acquisition of this business would compliment their existing operation. Alternatively, we feel that this would be a great opportunity for a successful specialist working as a sole trader looking to take their business to the next level.

Our clients fully expect to and are happy to discuss order and account details, plant and machinery and potential for retention of expertise with prospective buyers on site. All viewings must be made by appointment through the agent.

LOCATION
The property is located within Team Valley Trading Estate situated adjacent to the A1, just south of Gateshead and approximately two miles south of Newcastle City Centre. The estate is a commercial centre for the area and home to a number of major national occupiers. The estate has excellent transport links offering access to bus routes and excellent road links north and south bound via the A1.

ACCOMMODATION
The subject premises are rented and we are advised that new terms have been agreed with the landlord.

The unit is a single storey mid terrace industrial building provided vehicular access and client access to the front and car parking.

The internal layout mainly comprises workshop floor space, office and staff facilities.

GROSS INTERNAL AREA. 162.5sqm (1749sqft).

BUSINESS DETAILS
'Gateshead Joinery' is aspecialist and traditional joinery business well located within Team Valley Trading Estate, Gateshead. We offer the business for sale with the benefit of a well known name in and around the region, a continuing and steady flow of private and trade orders and retention of the longstanding existing premises on new lease terms ensuring continuity at the location.

The business and how it can be sold on would potentially suit a wide range of buyers. Typically we would expect that this would be worthy of serious consideration to existing businesses operating in a slightly different market where the acquisition of this business would compliment their existing operation. Alternatively, we feel that this would be a great opportunity for a successful specialist working as a sole trader looking to take their business to the next level.

The unaudited accounts up to the period ending 31 March 2016 show a gross turnover of 78,311 and a gross profit of 30,878 after costs of sales. The accounts will be discussed in detail on confirmation of serious interest direct with our clients.

LEASE TERMS
We are advised that new lease terms have been agreed and are in the process of being adopted between our client and the landlord. This will be for three years. The lease is due to commence 30 September 2016. The rent has been agreed and will be stepped as 8,500PA for the first year, 10,000PA for the second year and 11,100PA for the third year.

RATEABLE VALUE
The adopted rateable value being 10,000 as effective from 01 APRIL 2010.

EPC
Available upon request.

VAT
Unless otherwise stated, all stated figures are expressed exclusive of VAT. We are informed that VAT is not payable on this transaction.

Nearest stations

  • Dunston (2.2 mi)
  • Gateshead Stadium (2.5 mi)
  • Felling (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Dunston (2.2 mi)
  • Gateshead Stadium (2.5 mi)
  • Felling (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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