SPACIOUS WELL EQUIPPED SELF SERVICE CONVENIENCE STORE, FULL FREE OFF LICENC
Price:
Leasehold - £150,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 1,200 sq. ft. sales area, suspended ceiling with concealed lighting. 2 tills with scanning (only 1 till used at present), 2 large glass topped chest deep freezes, 2-3.75m Arneg cool display units, 2-2m open cool display units, modern adjustable shelving, display gondola etc.
Stock area
Staff w.c. and wash hand basin
WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of additional stock. Gross profit we are advised in the region of 22% approx.
We understand the entire premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 4 years. (As will be appreciated with the rental income currently of £15,600 from the main accommodation over the shop, the net rental payable at the present time is only £4,400 p.a).
Uniform Business Rates: £6,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION (£10,000/£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent main road trading position, busy road, residential area, ESSEX
8 a.m. - 11 p.m. seven days per week
The accommodation in the form of a SELF CONTAINED MAISONETTE over with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of £1,300 per month. The accommodation comprises:
First Floor
Kitchen
Lounge
1 Double Bedroom
Bathroom with bath, wash hand basin
Separate w.c.
Second Floor
2 further Double Bedrooms
In addition the main accommodation to the rear of the shop is a SELF CONTAINED STUDIO FLAT with ELECTRIC STORAGE HEATERS and comprising:
Living Room/Bedroom
Shower room
Kitchenette
North Yorkshire
£ 750,000
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