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Retail Property (high street) for sale

18 Front Street, Prudhoe, NE42 5HN

59 sq. m.

Property Description

Commercial information

  • Business for sale
  • 641 sq ft (59 sq m)

Key features

  • Fruit and Veg Retail
  • Traditional Window Frontage
  • Established Business
  • Central High Street Position
  • Store Room and Cellar

Full description

We are delighted to offer for sale this well-established and well-respected fresh fruit and vegetable retail terrace business together with a ground floor, mid-terrace retail premises occupying a central high street position within Prudhoe, Northumberland. Our clients have traded from this position for over twelve years and the site has operated as a fruit and veg retailers for far longer. As stated, the property is to be sold with the business. It is provided with traditional retail window frontage, main sales and stock room. In addition, there is a cellar room, yard and updated outbuilding which has potential for alternative use.

The subject property is situated within Front Street, Prudhoe, Northumberland. Front Street is the primary retail and commercial area that serves the local population of Prudhoe and the surrounding communities. The area offers a reasonable level of services and facilities to the local community as well as access to other areas situated approximately eight miles west of Newcastle city centre.

Ground floor:

Main sales: 26m2
Mid sales: 20m2
Store/kitchen: 13m2
External store: 20.6m2

NIA: 59.6m3

As highlighted, the business is a very well-established and respected fruit and vegetable retail business used extensively by a sizeable local population, businesses and surrounding communities. The business shows trading figures from 2014 as having a gross turnover of 217,014 pounds, a gross profit of 47,444 pounds and net profit of 25,008 pounds. Our clients are happy to discuss in further detail the many benefits this business has to offer.

The adopted rateable value being 5,000 pounds as effective from 01 APRIL 2010. Source

We currently await a copy of the EPC.

Unless otherwise stated, all stated figures are expressed exclusive of VAT. We await confirmation that VAT is payable on this transaction.

Map & Street View

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