Retail premises to let in Bondgate Within, Alnwick NE66

Location

The subject property is located within the heart of Alnwick town centre. Bondgate Within benefits from a host of local and national occupiers including Simply Flowers, Boots Opticians, Trespass, Yorkshire Trading and Greggs.
Alnwick is a popular tourist destination, and the property is just a short distance from Alnwick Castle and Gardens, Lilidorei the newly opened largest outdoor play structure in the world and local car parking facilities.

Description

The subject property comprises a ground floor mid terrace building, which occupies a prominent position on Bondgate Within the main retail street within the town. The property is well presented with retail space to the front and private beauty rooms to the rear.

Accommodation

We calculate the approximate net internal floor areas to be as follows:

Ground floor 24.60m² 265ft²

Total 24.60m² 265ft²

The business

The Beauty Box is a long-established business that has been a fixture within the centre of Alnwick for the past 50 years. The business is the only authorised small independent retailer of Chanel & Guerlain products in Northumberland whilst also benefitting from a flagship account for Mavala and being recognised as a Crown Salon for Guinot.

A full set of accounts are available on request.

EPC rating

E 111

Rating assessment

The rateable value of the premises as of 1 April 2023 is £4,900 and the estimated rates payable for the current year is £2,445.10. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority as 100% business rates relief may be available.

Terms

The property is available by way of a new lease with terms to be agreed with the current landlord.

A premium of £55,000 (Fifty-Five Thousand Pounds) is sought for the fixtures, fittings, and goodwill of the business.