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FOR SALE – Business As A Going Concern, New Street, Lancaster

FOR SALE – Business As A Going Concern, New Street, Lancaster

Fabrix, 26 New Street, ,

OIRO £ 45,000

 Property Overview

FOR SALE - Long established leasehold business for sale as a going concern due to retirement. Good sized, well appointed premises in recognised trading location within the city centre between Market Street and Church Street.Relocated business from North Road into much more accessible premises with excellent stock display facilities and very good stock levels. Lifestyle business, well regarded with a far and wide customer base serviced by mail order.An ideal business for people with a sewing hobby who would like to expand into running their own business. A great opportunity to take over and continue running a well known trading business.

Contact Me

    Location
    Lancaster is a busy University City and a principal town of North Lancashire. Within easy access of the M6 motorway from junction 33 and 34. Preston and Kendal are each approx. 20 miles away.

    The premises are located in the heart of Lancaster City Centre fronting onto a pedestrian thoroughfare that links Church Street and Market Street, that is one of the City’s major retail areas.

    Many national and local retailers nearby.

    Description
    Double Fronted Lock-up Sales Shop with deep sales area, rear hallway, kitchen and toilets behind.

    To the first floor Stock Rooms and sewing / mail order preparation area.

    Accommodation

    Ground Floor

    Sales Shop
    13.097 x 4.757 (42’11” x 15’7″)
    Overall measurement including understairs storage, double fronted shopfront, good display facilities, LED lighting, electric storage heaters.

    Rear Hallway
    With staircase leading off.

    Kitchen
    3.516 x 1.613 (11’6″ x 5’3″)
    Stainless steel sink unit, fitted units, electric storage heater.

    2 Toilets
    Electric storage heater.

    First Floor

    Landing
    Open plan to Sewing Room/Stock Room.

    Sewing Room / Stock Room
    4.783 x 3.794 (15’8″ x 12’5″)

    Office / Store Room
    3.793 x 2.457 (12’5″ x 8’0″)

    Services
    Mains services connected.

    Business Sale
    Leasehold business sale subject to an existing lease, the residue of a 5 year lease from 2021.

    The business is being offered for sale, inviting offers in the region of £45,000. In addition there will be Stock at Valuation.

    Rent
    Current rent passing £14,000 per calendar year.

    Floor Area
    Overall floor area some 1100 square feet or thereabouts.

    Rateable Value
    Currently £14,500. From April 2023 £14,500.

    VAT
    The premises are not elected for VAT.

    Legal Costs
    The ingoing tenant to be responsible for the landlords reasonable legal costs incurred in connection with the preparation of any new lease.

    Viewing Arrangements
    Strictly by appointment with Fisher Wrathall Commercial, 82 Penny Street, Lancaster, LA1 1XN.
    Please call 01524 69922 to arrange or email: info@fwcommercial.co.uk

    Documents
    Brochure
    Address: Fabrix, 26 New Street
    Area:
    Zip: LA1 1EG
    Country: United Kingdom
    Open In Google Maps
    Property Id : 840496
    Price: OIRO £ 45,000
    Other Features
    An ideal business for people with a sewing hobby
    CEPC - C
    Double Fronted Lock-up Sales Shop
    FOR SALE - Long Established Business For Sale
    Good Sized, Well Appointed Premises
    great opportunity to take over and continue running a well known trading business

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