Christie & Co instructed to market excellent retail opportunity
Specialist business property adviser, Christie & Co has been instructed to sell Castlegate News & Off Licence in Berwick-upon-Tweed, Northumberland, as the current owners wish to relocate and retire.
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The business is well-positioned on Castlegate, the main street leading into Berwick town, next to the local train station and surrounded by several commercial businesses which help to increase footfall. It provides a great range of confectionary, greetings cards, soft drinks, seasonal and tourist items and offers additional services, including dry cleaning and a photocopier service.
Andrew Birnie, Director at Christie & Co, who is handling the sale, comments, “This is an excellent opportunity for a new entrant to the sector and would be particularly profitable for a family operator. There is a great opportunity to increase turnover by extending the opening hours, and introducing a convenience food offering. It is also important to note that being in a seaside town and on a railway line so close to the border, alcohol sales could be driven further due to the cost difference between England and Scotland.”
Castlegate News & Off Licence is on the market at £239,950 plus stock for the freehold and £120,000 plus stock for the leasehold option.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 07721 420 656 or E: bronte.hughes@christie.com
Contact the agent:
Andrew Birnie, Director – Retail North
M: 07734 553 272 or E: andrew.birnie@christie.com
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