A1 UNIT IN A PRIME LOCATION

Price:

Leasehold - £55,000

Seller Ref:

BMA466

Location:

London, Southage

Business Type:

Commercial Property

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Description:

THE BUSINESS:

The business was established in 2010 as a high quality Discount store from an empty shell format. The unit has been fitted and equipped to a very high standard and offers many product lines.
The business is situated in a prime town Centre trading position and enjoys very high volumes of footfall throughout the day and night.
The unit offers a wide range of potential uses for a new start up business. Due to its excellent trading position a new business would be highly visible thus establishing it much faster.
The self contained accommodations on the first and second floors are currently let out on AST’s and generate substantial income. We have been advised that if the accommodation was let out on a room only basis the rent could be increased by in excess of 30%.

Lease Terms:

We have been advised the premises is held on a 12 year lease which commenced in 2010, with an annual rent passing of £26,000. Formal rent reviews are conducted every 4 years. We have also been advised that the business rates payable per annum by our client is circa £6,700.

Trading Hours:

The business currently trades the following hours: Monday - Saturday 09:00 to 17:00 Sunday – Clos

Accommodation:

The self contained accommodations on the first and second floors are currently let out on AST’s and generate substantial income. We have been advised that if the accommodation was let out on a room only basis the rent could be increased by in excess of 30%.