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Situated in a prime trading position, CITY OF LONDON (Please register to make appointments and view addresses)

Listed Building

Attractive single fronted SALES SHOP approx. 330 sq. ft. sales area with woodstrip floor, suspended ceiling. The equipment includes glass display counter, attractive shelving, window display shelving, upright glass display cabinet etc.

Rear staircase to first floor comprising:

2 storerooms

In addition there is an internal staircase from the ground floor and indeed a separate external front door access to large basement (all recently refurbished to a high standard. In our opinion the basement area has potential for a number of uses, subject to the necessary landlords and indeed planning permission.

WE ARE INFORMED the sales year ending 31st March, 2007 showed £316,258 with a gross profit of £128,491 and a net profit of £42,507.

The business is at present operated by one of the partners with the assistance of 2 part time staff.

Strict 5 day week.
Monday - Friday inclusive - 9.30 a.m. - 5.30 p.m.
CLOSED ALL DAY SATURDAY & SUNDAY

We understand the premises are held on a secure renewable lease having 15 years unexpired from June, 2007 at a rental of £39,000 p.a. exclusive of rates up to June, 2012, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £17,000 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £160,000 plus STOCK AT VALUATION (£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

PLEASE NOTE THAT AS ONE OF THE PARTNERS WISHES TO LEAVE THE BUSINESS, THE OTHER PARTNER WOULD CONSIDER A PARTNERSHIP, AT TERMS TO BE AGREED.

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