SPACIOUS WELL ESTABLISHED CAR PARTS, ACCESSORIES plus DIY

Price:

offers invited

Turnover:

Seller Ref:

M3581

Location:

London, North London

Business Type:

Retail businesses

See Other:

Household goods shops for sale in London
Car dealerships for sale in London
Motor accessory shops for sale in London
Retail businesses for sale in London

Description:

THE BUSINESS:

Nationwide are pleased to offer to the market : This business has been in the same hands for the past 28 years and is now solely offered for sale due to the vendor's retirement.

In our opinion there is terrific potential to develop the existing business or indeed in our opinion the premises offer terrific potential for other retail trades.

SPACIOUS DOUBLE FRONTED PREMISES probably in the region of 1,000 sq. ft. including stockroom, wooden floor. Counter, electric cash register, part peg boarding, shelving. 4 key cutting machines (available as an optional extra).

Office
Kitchen area
Staff w.c.

The present vendor is operating on a low key basis and we are informed the turnover is currently in the region of £500/£600 p.w. in our opinion offering terrific potential for further increase in the right hands.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 9 years full repairing and insuring lease at a rental of £14,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £4,400 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 28 YEARS AND IS NOW OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

ALL OFFERS CONSIDERED FOR THE NEW LEASE, FIXTURES & FITTINGS plus STOCK AT VALUATION (£15,000/£16,000 approx. can be reduced)

Location Details:

Situated in a parade, excellent main road trading position, densely populated residential and commercial area, LONDON, NW

Trading Hours:

Monday - Friday inclusive - 10 a.m. - 6 p.m.
Saturday opening - 10 a.m. - 5 p.m.
NO SUNDAY TRA

Accommodation:

To the rear of the shop is a spacious garage probably in the region of 15' wide x 70' depth (can accommodate approximately 3 cars). In addition there is an additional garage approximately 10' wide x 15' depth which could readily accommodate 1 additional car. In our opinion the large rear garage has potential to be utilized as car repairs, if desired.