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Situated in a parade, excellent main road trading position, residential and commercial area, LONDON, N (Please register to make appointments and view addresses)

SPACIOUS DOUBLE FRONTED SALES SHOP approx. 700 sq. ft. sales area with suspended ceiling. Recently refitted to a high standard. Air conditioning. Modern adjustable shelving, 3 open cool display units, 2 glass topped display deep freezes, greeting card display stand, electronic cash register, counter etc.

Stockroom

WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £600 p.w. Gross profit 20% approx. The business is also agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approx. £80 p.w. The business is also agents for bus passes and we understand this provides a further commission of approx. £140 p.w. In addition Paypoint we understand provides a further income of approx. £80 p.w.

The business is at present operated by the vendor on a part time basis with the assistance of 1 full time and 2 part time staff.

7 a.m. - 11 p.m. seven days per week

To the rear of the shop is a self contained room plus shower room with shower, w.c. and wash hand basin and kitchen.

We understand the premises are held on a secure renewable lease, the present lease having approximately 19½ years unexpired at a rental of £16,500 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £2,000 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT