VIRTUALLY FREEHOLD (Leasehold 99 years from June, 1992 at a ground rent of
Price:
Leasehold - £39,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 1,400 sq. ft. with double doors, carpet tiled floor, suspended ceiling with concealed lighting, 13 greeting card stands with drawers, attractive wooden shelving for books, 4 revolving card stands, 4 revolving additional display stands, lockable glass display cabinet (for model trains), photocopier (on loan), additional glass display cabinet, display stands, display gondolas etc.
It will be appreciated upon inspection that the shop could benefit from some refitting.
Stairs to first floor approximately 1,000 sq. ft. area with kitchen 2 w.c’s, office
It will be appreciated upon inspection that the first floor area could be utilized as an additional sales area or indeed in our opinion has potential to be converted in to living accommodation, subject to the necessary permission.
WE ARE INFORMED turnover averages £4,000 p.w. in our opinion offering tremendous potential for further development in the right hands and indeed in our opinion offers tremendous potential to develop the sale of model toys, if desired. We are further advised that the sales year ending 28th February, 2010 showed £200,431 with a gross profit of £72,801.
We understand the present lease expires in March, 2012 at a current rental of £22,500 p.a. exclusive of rates. We understand that subject to satisfactory references the landlords are prepared to grant a new 5/15 years lease at an anticipated rental of approximately the same i.e. £22,500 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £12,000 p.a. approx.
THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1995 AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £39,000 plus STOCK AT VALUATION (in the region of £40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Busy road, sought after residential area, WEST MIDLANDS
Monday – Saturday inclusive – 9 a.m. – 5.30 p.m.
NO SUNDAY TRADING
The business is also closed
Parking at rear for 5 cars
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