Well fitted SELF SERVICE CONVENIENCE STORE, FULL FREE OFF LICENCE
Price:
Leasehold - £89,500
Location:
London, East London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Spacious double fronted sales shop approx. 16ft frontage x 50ft depth, all modernised and refurbished approx. 5 years ago.
Ceramic tiled floor. The equipment includes counter, electronic cash register, center display gondola, all modern adjustable display shelving, 2 open cool display units (on loan from Coca Cola), 2 upright double door glass fronted drinks fridges (owned), 2 large glass sliding topped deep freezes (owned), open cool display unit (used for milk, orange juice, water etc). CCTV system with 5 cameras, 2 monitors plus video.
Kitchen area
Staff cloakroom with w.c. and wash hand basin (space for shower if desired)
To the rear of the shop is a large garage, recently built, ideal for storage purposes.
WE ARE INFORMED the turnover averages in the region of £5,500/£6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 24% approx. Phone Top-Ups bring in an additional income of £100 per month
The vendor owns the freehold and subject to satisfactory references, is prepared to grant in respect of the shop premises combined with flat over and workshop a new 12 years full repairing and insuring lease at a rental of £30,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Alternatively should the accommodation not be required, the vendor is prepared to grant, subject to satisfactory references, a new 12 years full repairing and insuring lease in respect of the shop premises only (excluding the flat and workshop at rear) at a rental of £20,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £2,700 p.a. approx. + water rates
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Occupying a corner position, main road trading position, densely populated and residential area, LONDON E
10 a.m. - 10 p.m. seven days per week
The accommodation in the form of a SELF CONTAINED FLAT over, is at present let on a shorthold tenancy and provides a rental income of £175 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen
In addition there is a rear workshop which is let and provides a rental income of £75 per week.
North Yorkshire
£ 750,000
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