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Convienience store Croydon

Price:
Leasehold - £150,000
Turnover:
Register to view
Seller Ref:
G25983SL
Location:

London

Business Type:

Commercial Property, Retail businesses

See Other:
Convenience stores for sale in London
Newsagents for sale in London
Other commercial property for sale in London
Investment properties for sale in London
Retail businesses for sale in London
Commercial property for sale in London
Description:
THE BUSINESS:

FREEHOLD INVESTMENT OPTION 
Freehold Investment East Croydon. CTN/Con store plus 4 flats freehold or shop leasehold.Shop trading under Premiere branding. 3 x 1 beds. and 1 x 2 bed refurbished flats. Shop established 20 years. and has two quarters trading under new banner of Premier. Each flat awaiting building control sign off following first class refurbishment and feature; granite worktops. manufactured oak flooring. marble effect spacious bathrooms. high ceilings natural lighting. new plumbing and electrics etc. We are advised that the flats could be easily let for c£30.000 pa or used for staff accommodation or sold off separately. Genuinely and reluctantly being sold due to vendor?s ill health the property is realistically priced for quick sale as the vendors prefer a sale of whole to an investor. potential shop let min c £14.000. total Rental income c £45.000 pa

GUIDE PRICE OFFERS OVER £900.000

LEASEHOLD SHOP OPTION Premier branded. newly refurbished. shop is over 800 sq feet. full management accounts available since refurb 2 qtrs ago. owned by family since 1986. shop takings £10.000 pw at 18% margin. plus payzone c £5.000 pm. Lottery c£8.500 pm. Western Union £16.000 pm. net projected return c£67.000 after new (low) rent of £14.000 pa. new 16 year lease with 4 year reviews. actual return likely to be higher due to cash element and steadily improving sales. Great opportunity. also flat available sale/rent by separate negotiation.
 
LEASEHOLD £150000

EVERETT MASSON FURBY SOLE AGENTS FOR SHOP INTEREST

Trading Hours:
7-11 7 DAYS
Accommodation:
No
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