SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TOBACCO, FULL
Price:
Leasehold - £89,000
Location:
London, North London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Forecourt area, at present let for the display of fruit & vegetables and providing a rental income of £250 per month.
SINGLE FRONTED SALES SHOP probably in the region of 500/600 sq. ft. sales area with laminated strip floor, fluorescent lighting. Fully equipped including 3 open cool display units, ice cream deep freeze (owned), modern shelving, counter, computerised till, CCTV system with 13 cameras, monitor plus recording etc.
Basement approximately 600 sq. ft. used for storage purposes
WE ARE INFORMED the turnover averages £8,000/£90000 p.w. Wholesale newsbill £300 p.w. Gross profit we are advised by the vendor in the region of 30%. We are further advised by the vendor there is 1 window let for advertising and we are informed this provides a commission of £1,200 p.a.
We understand the premises are held on a secure renewable lease, the present lease expiring in 2016 at a rental of £10,500 p.a. exclusive of rates, fixed for the remainder of the term.
Uniform Business Rates: £4,680 p.a. approx.
EPC rating E (112)
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,000 plus STOCK AT VALUATION (£30,000/£35,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Occupying a corner position, residential area, close to Tube Station plus major bus stop, LONDON, NW
Monday - Saturday inclusive - 6 a.m. - 11 p.m.
Sunday opening - 8 a.m. - 10.30 p.m.
The accommodation in the form of a SELF CONTAINED GROUND FLOOR FLAT, at present let on a shorthold tenancy and providing a rental income of approximately £850 per month, however, we understand vacant possession can be given on completion, if desired. The accommodation comprises:
1 Double Bedroom
Shower room with shower, w.c. and wash hand basin
Large living room/kitchen area
Garden at rear
North Yorkshire
£ 750,000
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