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viewing is only via appointment - Please register for free to see full location details
 

Situated in a parade, excellent main road trading position, LONDON SW (Please register to make appointments and view addresses)

Spacious SINGLE FRONTED SALES SHOP approx. 600 sq. ft. sales area with carpet tiled floor, suspended ceiling with concealed lighting and well equipped including slats to walls, modern adjustable shelving, upright sliding double door glass fronted drinks display fridge, 1 upright single door drinks display fridge, 3 tier ice cream deep freeze, counter, electronic cash register, 2 glass topped chest deep freezes, large 3.75m open cool display chiller (for dairy produce, milk and juices) etc.

Stockroom at rear
Staff toilet

It will be appreciated upon inspection there is potential to extend the shop into the stockroom at rear.

Cellar (used for storage purposes)

WE ARE INFORMED the turnover averages £11,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 24% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approx. £75 p.w. We are further informed that there is a commission of £80 p.w. in respect of Paypoint and approx. £100 p.w. in respect of a cash machine.

The business is at present mainly staff operated. Staff employed 2 full time plus 1 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Monday - Saturday inclusive - 7 a.m. - 11 p.m.
Sunday opening - 8 a.m. - 10 p.m.

The spacious living accommodation all in GOOD CONDITION, fully DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:

4 Bedrooms (3 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Separate cloakroom with w.c. and wash hand basin
Large Lounge
Spacious kitchen with fitted units

At the present time there is no separate entrance to the accommodation, however, in our opinion there is potential to separate the accommodation from the shop providing separate access. Obviously, if this was undertaken then the accommodation over could be sub-let on a shorthold tenancy.

Again, in our opinion there is potential to convert the spacious living accommodation into 2 separate flats and we are advised that the rental income, if such work was undertaken, could well be in the region of £26,000 p.a.

We understand the premises are held on a secure renewable lease having approximately 20 years unexpired at a rental of £32,500 p.a. exclusive of rates up to April, 2009, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £11,000 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £149,500 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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