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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 in a parade, excellent trading position, residential, office and commercial area, close to Underground Station, CITY OF LONDON. (Please register to make appointments and view addresses)

Electric shutters to SPACIOUS SINGLE FRONTED SALES SHOP with double door, approx. 700 sq. ft. sales area. Ceramic tiled floor, ceiling with inset lighting plus fluorescent lighting.

Sandwich area with cool display serveover counter.

Tiled rear section, extractor unit, 2 panini toasters, 2 microwave ovens, hotfood display unit, 2 group coffee machine, upright glass fronted drinks fridge (on loan), electronic cash register, large double electric oven etc.

Retail area with modern adjustable shelving, display gondolas, retail counter, electronic cash register, upright double door drinks display fridge (on loan).

Front spiral staircase plus rear staircase to large basement. Large area in our opinion could be used as an additional retail area or possibly for tables and chairs in respect of the Sandwich Bar.

Kitchen area with 2-burner gas cooker, 1 upright stainless steel deep freeze, 1 upright glass fronted fridge.

Staff cloakroom with w.c. and wash hand basin

WE ARE INFORMED the turnover overall is in the region of £4,200/£4,400 p.w. in our opinion offering tremendous potential for further development in the right hands. (We are informed included in the turnover is approx. £1,800/£2,000 p.w. in respect of the Sandwich Bar at a gross profit of 60/70% approx). We are further advised that the gross profit in respect of the Supermarket is in the region of 40% approx.

The business is at present operated by a lady vendor with the assistance of 2 full time staff.

Supermarket Section - Monday - Saturday inclusive - 7 a.m. - 8 p.m.

Sandwich Bar - Monday - Friday inclusive - 8 a.m. - 4 p.m.

NO SUNDAY TRADING

We understand the premises are held on a secure renewable Council lease the present lease having approxinately 11 years unexpired at a rental of £15,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 3 years.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION (£8,000/£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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