SELF SERVICE CONVENIENCE STORE
Price:
Leasehold - £55,000
Location:
London, East London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Large forecourt area, partly sublet and used for the sale of fruit and vegetables providing a weekly rental income of £200 p.w.
SPACIOUS DOUBLE FRONTED SALES SHOP with lino floor, fluorescent lighting. The equipment includes shelving, 3 glass topped chest deep freezes, 1 large open cool display unit, 1 upright double door glass fronted drinks display fridge (owned), 1 small open cool display unit (on loan from Coca Cola) etc.
Stockroom
Staff cloakroom with w.c. and wash hand basin
In addition there is a basement area, ideal for storage purposes
WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject obviously to obtaining the necessary Premises & Personal Licence. Gross profit 22% approx.
We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of £31,200 p.a. exclusive of rates for the next 5 years, with rent review at that time and thereafter every 5 years. (As will be appreciated with the current rental income of £10,400 p.a. in respect of part of the forecourt being sublet, the net rental payable at the present time is only £20,800 p.a).
Uniform Business Rates: £6,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a terrace, densely populated residential area, LONDON, E
Monday - Saturday inclusive - 9 a.m. - 10 p.m.
Sunday opening - 9.30 a.m. - 9.30 p.m.
North Yorkshire
£ 750,000
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