ULTRA MODERN SELF SERVICE CONVENIENCE STORE
Price:
Leasehold - £95,000
Location:
London, North London
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : SPACIOUS DOUBLE FRONTED SALES SHOP with double door. Approximate frontage 16' by a depth in the region of approx. 50'. Ceramic tiled floor, high ceiling. The equipment includes upright double door glass fronted drinks display fridge (owned), 1 upright single door drinks display fridge (used for milk), glass topped ice cream deep freeze, modern shelving, 2 open 2m cool display units (used for soft drinks and water etc), 1 long counter, 1 electronic cash register, cigarette gantry (on loan), centre display gondola, 2 card display stands with drawers, glass topped chest deep freeze etc.
Small stockroom
Staff w.c. and wash hand basin
WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary premises licence and indeed the personal licence. Wholesale newsbill £500 p.w. Gross profit we are informed in the region of 24%. In addition the business also has Oyster and we understand this provides a further revenue of £120 p.w.
We understand the shop with self contained flat is held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of £30,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 3 years.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 pus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent trading position, residential area, LONDON, N
Monday - Friday inclusive - 6 a.m. - 10 p.m.
Saturday & Sunday opening - 7 a.m. - 9 p.m.
The accommodation in the form of a GROUND FLOOR SELF CONTAINED FLAT with separate entrance is at present let on a shorthold tenancy and provides a rental income of £1,200 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation with FULL GAS FIRED CENTRAL HEATING has laminated strip floors and comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge with fitted kitchen area
Small patio area
North Yorkshire
£ 750,000
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