Description
– 3,000 sq foot supermarket in a busy residential area of Hackney, London, E9
– Sales in excess of £1.8m per year (35% GP with very little cigarettes and lotto – under 2% of sales mix)
– Rent £105k per year (of which £85k is recovered from sub tenants on long term secure lets)
– Huge potential for growth (store hasn’t seen much change in over 5 years so could do with refreshing range/merchandise etc). Areas of growth are strong GP areas also eg fruit and veg, bakery, food to go are all very strong categories with further potential for growth. Grocery also has potential as the range has not been updated/improved in a while.
– Great team who manage the store well
– Great customer base
– All necessary facilities well maintained chillers, freezers and walk in fridge and large office.
– Sub tenants include a tenant on 1st floor on long lease contributing £40k per annum and other tenant at the back of ground floor in dark kitchen at £30k per annum and other pop up tenants contributing £15k pa. Therefore the rent payable directly for the store is only £20k and a smaller business rates also as a result.
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