SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TOBACCO, FULL
Price:
Leasehold - £120,000
Location:
London, North London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SPACIOUS DOUBLE FRONTED SALES SHOP with tiled floor, suspended ceiling. The equipment includes 2 combined open cool display units (in the region of 6 metres long accommodating wines, beers, dairy produce & milk), ice cream deep freeze, 1 small fridge, shelving, counter, electronic cash register.
Stockroom with shelving
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover currently averages £11,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £350 p.w. Gross profit 20% approx. In addition the business has Oyster and we understand this provides a further revenue of approximately £200 p.w.
We understand the entire premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of £28,000 p.a. exclusive of rates for the next 3 years, with rent to be agreed thereafter. (As will be appreciated with the current rental income of £20,000 p.a. from the main accommodation, the net rental payable at the present time is only £8,000 p.a. exclusive of rates).
Uniform Business Rates: £5,400 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, main road trading position, densely populated residential and commercial area, LONDON, N
7 a.m. - 11.30 p.m. seven days per week
The accommodation comprises a SELF CONTAINED FLAT over DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy and provides a rental income of £20,000 p.a. The flat comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen
In addition included in the lease is a STUDIO FLAT at present used by the vendor. The Studio Flat comprising:
Living Room/Bedroom with shower, w.c. and wash hand basin
Yard at rear
North Yorkshire
£ 750,000
|
|
Business Services that may be of Interest:
|
|
|