Old established virtually Freehold (Ground Rent £100 p.a) CONVENIENCE GROCE
Price:
Leasehold - £250,000
Freehold - £250,000
Location:
London, North London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Service road in front of parade providing customer's car parking
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 1,150 sq. ft. sales area (including stockroom at rear), fluorescent lighting, tiled floor. 6 greeting card display stands with drawers, centre display gondolas, large glass sliding topped chest deep freeze, upright double door display fridge, 2 upright glass fronted drinks display fridges, glass fronted display counter, electronic cash register, glass topped chest deep freeze, photocopier (owned).
Rear stockroom
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £4,500 - £5,000 p.w. in our opinion, in view of the spacious sales shop, there is tremendous potential to develop the business into a full convenience store operation. Gross profit we are advised in excess of 25%.
WE UNDERSTAND THE PROPERTY IS LEASEHOLD FOR A PERIOD OF 99 YEARS FROM MARCH, 1988 AT A GROUND RENT OF £100 P.A. FOR THE FIRST 33 YEARS, WITH RENT REVIEW THEREAFTER.
THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 26 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
AS STATED ABOVE IN OUR OPINION IN VIEW OF THE SIZE OF THE SHOP THERE IS POTENTIAL WITH REFITTING TO ESTABLISHED A LUCRATIVE TURNOVER IN RESPECT OF CONVENIENCE GROCERIES, OR INDEED THERE IS POTENTIAL FOR OTHER TYPES OF TRADE, IF DESIRED.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
TO INCLUDE THE VALUABLE LEASEHOLD SHOP PREMISES, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION (£15,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Situated in a parade, excellent main road trading position, LODNON, NW
Monday - Friday inclusive - 8 a.m. - 6 p.m.
Saturday opening - 8 a.m. - 5.30 p.m.
Sunday openi
North Yorkshire
£ 750,000
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