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No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
 

Situated end of terrace, occupying a corner position, main road trading position, residential area, NOTTINGHAM (Please register to make appointments and view addresses)

SPACIOUS DOUBLE FRONTED SALES SHOP plus side window approx. 650 sq. ft. sales area with tiled floor, suspended ceiling. The equipment includes counter, till with EPOS scanning system, modern adjustable shelving, 2 new double door glass fronted display fridges, 1 revolving card stand (on loan), CCTV system with 8 cameras, 2 monitors and DVD recording etc.

Small stockroom
Staff cloakroom with w.c. and wash hand basin

WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £300 p.w. Gross profit 18% approx. In addition, the business has Paypoint and we understand this provides a commission of approx. £100 p.w.

We understand the business is at present staff run. 2 full time staff employed.

9.30 a.m. - 10 p.m. seven days per week

Yard at rear

We understand the shop premises are held on a secure renewable lease for a period of 20 years from 1991 at a curent rental of £6,240 p.a. exclusive of rates.

Uniform Business Rates: £1,300 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE LEASE IN RESPECT OF THE SHOP PREMISES, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£20,000 approx. can be reduced)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY OF THE SHOP PREMISES & 2 FLATS OVER, GOODWILL FIXTURES & FITTINGS £260,000 plus STOCK AT VALUATION (£20,000 approx. could be reduced).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

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