Confectioners for sale in Manor Park

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 I had a great response from potential buyers which resulted in 3 offers for my business. 

Peter Webber (March 2014)
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Leasehold Price: £60,000 Weekly Turnover: £5,000
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Business Description
This Convenience Store is for sale in Manor Park, London. Business is based in a main High Street and surrounded by dense residential properties. This business is offered on a lease with 8 years remaining on an original 15 years lease and passing rent of £15,000pa. Vendors are looking for a premium in region of £60,000 + SAV for goodwill and leasehold interests.

Business is being run with help from staff and generating a turnover of £5,000 per week (unconfirmed) offering grocery, newsagents, and household and frozen goods with scope to increase by introducing Lottery, PayPoint, Western Union, and Oyster Card, services.

Location & Surroundings
This Convenience Store is located in Manor Park, London which is an area within the London Borough of Newham. Romford Road and High Street North are the main routes through the area.

The main transport link is Manor Park railway station, which is on the planned Crossrail 1 route. There are currently Great Eastern trains running to Liverpool Street station every ten minutes. Manor Park is in Travelcard Zone 3 on the Great Eastern main line. Also in the area is Woodgrange Park station, which is on the Barking to Gospel Oak line, part of London Overground.

The immediate surrounding areas are built up with dense residential properties which results in a strong community ties and demand for local trade. The business is situated on a promenade and benefits from close proximity to pharmacies, general stores, and takeaway restaurants.

Property Description
This build premises is a retail unit spread over the ground floor as follows:

Description sqm sqft
Frontage 3.74m 12.27ft
Depth 20.48m 67.19ft
Front Retail 83.28sqm 896.09sqft
Storage and Staff WC 19.45sqm 209.28sqft
Large Basement

The facilities include CCTV, ADT alarm system, and alcohol licence.

Business Description
Business is being run with help from staff and generating a turnover of around £5,000 per week (unconfirmed) offering grocery, newsagents, and household and frozen goods with scope to increase by introducing Lottery, PayPoint, Western Union, and Oyster Card, services.

Opening Times & Staffing
The retail store is open from Monday to Sunday 09:00 to 16:00 and this owner managed business with part-time and full-time staff.

Lease Terms & Rates
The business is held by lease with an initial lease term of 15 years from 2007 with an unexpired term of 8 years and is subject to a five-yearly rent review period. The current passing rent is £15,000 per annum.

The current rateable value is £16,750 with effect from the 2010 ratings list. Interested parties are to make their own enquiries in to the business rates from the local authority.

Premium
The Business Owners are a premium of £60,000 + SAV for the leasehold interest, goodwill and fixture and fittings.

Legal Costs
Ingoing tenant to pay reasonable Landlords’ legal costs.

Viewings Arrangements
Viewings highly recommended. If you are interested in viewing this property please contact your agent at ORE on 02084729090
Trading Hours:


The retail store is open from Monday to Sunday 09:00 to 16:00 and this owner managed business with part-time and full-time staff.


Tenure: Leasehold

Location Details:

This Convenience Store is located in Manor Park, London which is an area within the London Borough of Newham. Romford Road and High Street North are the main routes through the area.

The main transport link is Manor Park railway station, which is on the planned Crossrail 1 route. There are currently Great Eastern trains running to Liverpool Street station every ten minutes. Manor Park is in Travelcard Zone 3 on the Great Eastern main line. Also in the area is Woodgrange Park station, which is on the Barking to Gospel Oak line, part of London Overground.

The immediate surrounding areas are built up with dense residential properties which results in a strong community ties and demand for local trade. The business is situated on a promenade and benefits from close proximity to pharmacies, general stores, and takeaway restaurants.

Leasehold Term:

The business is held by lease with an initial lease term of 15 years from 2007 with an unexpired term of 8 years and is subject to a five-yearly rent review period. The current passing rent is £15,000 per annum. The current rateable value is £16,750 with effect from the 2010 ratings list. Interested parties are to make their own enquiries in to the business rates from the local authority.

Website:

Downloadable Documents

Listed by: Oakville Real Estates
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