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Reference C9000

Newsagent and Off Licence in North London For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential & commercial area N LONDON

Price 20,000

Features

Counter News, Confectionery, Tobacco Slight Convenience Groceries, Full Free off Licence (closed At Present)

The business has been in the same hands for the past 29 years & there are genuine reasons for sale

Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 700/750 sq. ft. sales area with tiled floor, suspended ceiling with fluorescent lighting. The equipment includes 2 greeting card display stands with drawers under, 3 double door glass fronted display fridges, centre display gondola, shelving, counter etc.

Stockroom in the region of 150 sq. ft.

Turnover

WE UNDERSTAND the business has been closed since June, 2018, however in our opinion offers terrific potential to re-open in the right hands & indeed the premises in our opinion have potential for other trades if desired.

Tenure

The vendor owns the freehold and subject to satisfatory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of 18,000 p.a. inclusive of electricity, exclusive of rates fixed for the first 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: Nil payable after small business relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 29 YEARS.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, FIXTURES & FITTINGS 20,000 subject to contract.
We understand the vendor is prepared to consider a private loan for part of the purchase price to be repaid over a 3/5 year period.

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