SPACIOUS DOUBLE FRONTED SALES SHOP approx. 1,100 sq. ft. sales area, carpeted. Suspended ceiling with concealed lighting. Air conditioning. Counter, 3 tills with scanning, modern adjustable shelving, 4 upright double door drinks display fridges (owned), open Lucozade cool display unit (on loan), Háágen Dazs ice cream deep freeze etc.
Turnover
WE ARE INFORMED the turnover averages £15,500 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 18½% approx.
Staff
The business is at present operated under management. Staff employed 1 full time manager plus 2 part time staff.
Opening
Hours
10 a.m. - 10 p.m. seven days per week
Accommodation
The accommodation in the form of a 2 SELF CONTAINED FLATS over with FULL GAS FIRED CENTRAL HEATING are at present each let on a shorthold tenancy and provides a rental income of £600 per month each, however, we understand that vacant possession of 1 or indeed both can be made available on completion if required. Each Flat comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Separate Dining Room
Kitchenette
Outside
Yard at rear with parking space for 4 cars
Tenure
We understand the premises are held on a secure renewable lease the present lease having approximately 6 years unexpired at a rental of £24,500 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter. We understand the landlords will consider the surrender of the existing lease and grant a new 20 years lease at an initial rental of £24,500 p.a. exclusive of rates, with rent revisions.
Uniform Business Rates: £9,000 p.a.
RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 o.n.o. plus STOCK STOCK AT VALUATION (£15,000-£18,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Reference
C7140
Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.
