Summary - Fenham Carpets & Beds,The Old Coop Buildings,Hexham Road,NEWCASTLE UPON TYNE,NE15 9SR NE15 9SR
1 bed 1 bath Retail Property (out of town)
**Standout Features:**
- Leasehold fancy dress & party store with a robust turnover of £125,751 (year-end 2023)
- Spacious retail unit of 1,474 sq. ft. (137 sq. m.)
- Short trading hours allowing for work-life balance
- Established business with 15+ years of trading history
- New 10-year lease from 2023 at an affordable rent of £4,992 per annum
- Priced at £99,950 plus stock at valuation
**Notable Concerns:**
- Availability of lease (10 years) may pose challenges for mortgage lenders
- Local area classification indicates potential for reduced economic conditions
Located within the historic charm of the Old Co-op Buildings, this impressive retail space on Hexham Road, Walbottle offers a unique opportunity for both investors and entrepreneurs. With a generous area of 1,474 sq. ft., this store boasts excellent visibility thanks to its large glass frontage, making it ideal for driving foot traffic and showcasing merchandise. The established fancy dress and party store has demonstrated solid performance, making it a promising venture for a buyer looking to enter a niche market.
The surroundings provide a supportive local community, with walkable amenities like restaurants and convenience stores, as well as reputable schools nearby, catering to family-oriented clientele and improving footfall. Potential buyers should consider the future flexibility for personal renovations or extensions in line with their vision for the business. Although the area has a classification indicating lower economic conditions and obscured broadband speeds, this retail property stands out with its established customer base and historic feel—making it a potential gem in the right hands. Don't miss this opportunity!
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