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Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.

Situated in a parade, main road trading position, densely populated residential and commercial area, LONDON, E1 (Please register to make appointments and view addresses)

Electric Shutters to -

SPACIOUS DOUBLE FRONTED SALES SHOP approx. 800 sq. ft. sales shop area with ceramic tiled floor, suspended ceiling with concealed lighting. Air conditioning. CCTV system with 5 cameras, monitor plus recording. 1-2.5m open cool display unit, 1-3.75m open cool display unit, magazine display shelving, curved display chest deep freeze, 2 electronic cash registers, counter, 3 greeting card display stands with drawers, centre display gondola etc.

Stockroom
Staff cloakroom with w.c. and wash hand basin

WE ARE INFORMED the turnover averages £9,500/£10,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £900 p.w. Gross profit 18% approx. In addition the business is agents for on line national lottery tickets plus scratch cards and we understand this provides a commission of approx. £100 p.w. The business is also agents for bus passes and we understand this provides a further commission of approx. £240 p.w. In addition there is Paypoint which we understand provides a further commission of approx. £70 p.w. plus Western Union commission of approx. £150 per month and an ATM machine providing a further commission of approx. £150 per month.

The business is at present operated by a husband and wife team with the assistance of 2 part time staff.

Monday - Saturday inclusive - 6.30 a.m. - 11 p.m.
Sunday opening - 7 a.m. - 10.30 p.m.

The accommodation in the form of a SELF CONTAINED MAISONETTE over is at present let on a shorthold tenancy and provides a rental income of £900 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen

Yard at rear with parking space for 2 cars

We understand the premises are held on a secure renewable lease having approximately 18 years unexpired at a rental of £15,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £2,500 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT