SPACIOUS DOUBLE FRONTED SALES SHOP approx. 450 sq. ft. sales area, fully carpeted. Air conditioned. Well equipped including glass display counter, drawer till, wooden shelving, customer's seating etc.
Staff cloakroom with w.c. and wash hand basin
Stairs to large basement used for storage purposes
Turnover
WE ARE INFORMED the turnover is in the region of £100,000 p.a. in our opinion offering tremendous potential for further increase in the right hands. Gross profit in excess of 40%.
Staff
The business is at present operated by the vendor with the assistance of 2 part time staff.
Opening
Hours
Monday - Friday inclusive - 9.30 a.m. - 6 p.m.
Saturday opening - 9.30 a.m. - 5 p.m.
NO SUNDAY TRADING
The business is also closed on all bank holidays
Accommodation
The accommodation in the form of a SELF CONTAINED MAISONETTE over, all recently refurbished and with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of £21,600 p.a. (after the Agents Management Fees). The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
4 Bedrooms (3 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin (new suite)
Large Lounge with fitted kitchen are
Outside
Yard at rear
Tenure
We understand the entire premises are held on a new 25 years from October, 2007 at a rental of only £20,000 p.a. exclusive of rates up to October, 2012, with rent review at that time and thereafter every 5 years.
As will be appreciated with the net rental income of £21,600 p.a. there is in indeed an overall profit rental at the present time of £1,600 p.a. exclusive of rates.
THIS OLD ESTABLISHED SHOE SHOP HAS BEEN IN THE SAME HANDS SINCE 1984 AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Reference
M2563
Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.
