Discount Store - Ilford

Price:

Leasehold - £100,000

Seller Ref:

BMA598

Location:

London

Business Type:

Commercial Property, Retail businesses

See Other:

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Description:

THE BUSINESS:

? ADVISED GROSS WEEKLY SALES £8,000 – GP 50%
? TOTAL TRADING SPACE CIRCA 952 SQ/FT (88 SQ M)
? ADVISED ANNUAL INCOME FROM ACCOMMODATION £1,000 PCM
? PRIME POSITION ON A WELL ESTABLISHED HIGH STREET
? SHOP FRONT DISPLAY AREA
? BENEFITS FROM HIGH LEVEL OF DAILY FOOTFALL
? LOCATED CLOSE TO CENTRAL LINE UNDERGROUND STATION

Lease Terms:

A 10 year lease is available which commenced in 2003 with an annual rent passing of £42,000 with five yearly rent reviews. We have been advised that business rates are approx £14,000

Trading Hours:

The business currently trades Monday to Saturday from 08.30-22.30 and Sundays from 10.00-18.00.

Accommodation:

Self contained, three bedroom accommodation above brings in a rental of £1,000 per calendar month, which is currently tenanted.