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Prospect Buildings, Horden

Guide Price £27,000+

Property Info

“Penny’s Bakers” has been trading successfully for 17 years, but now the owners have decided to take advantage of their well earned retirement. Occupying a prominent trading position, and serving desirably populated area, it provides hot food on an eat in/takeaway/delivery basis, presently on limited daytime hours, but capable of significantly increasing turnover by increasing the hours of operation. Producing a healthy turnover already, this business with its impressive protentional, and it is to be sold with freehold, goodwill and fixtures and fittings included.

Property details provided by Kimmitt & Roberts
EPC rating: E

For Sale by Auction to be held on 30.01.20 at the Newcastle Grand Hotel (formerly The Marriott Hotel) Gosforth Park Newcastle NE3 5HN – Registration 6:30pm for 7pm start. Option 1

Main shop/preparation area Producing 30 sqm approx. Of useable space

Back shop
Rear Lobby, W.C

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by K&R. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £750+vat (total £900) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.

Disclaimer 3
A copy of title is available upon request.
Draft property details awaiting vendors approval.

Business – The business takes a declared turnover steadily at in excess of £30,000 pa, based on very limited hours of trading copies of accounts can be provided to genuinely interested parties only.

Hours – The business presently opens 6:30am – 1pm. Monday to Thursday. It is closed every evening and does not open at all on Friday, Saturday or Sunday.

V.A.T – The business is not registered for V.A.T.

Fixtures and Fittings – The fixtures and fittings presently within the business with be included in the sale

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