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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 10,000

Features

Empty Premises (previously Trading As News, Confection, Tobacco with The Benefit of A Full Free off Licence (we Understand Has Now Lapsed) In Our Opinion offering Terrific Potential To Be Re-opened, or Indeed For A Number of Other Retails Trades

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 with a new shop front installed in September, 2018. We understand the sales area is in the region of 700/750 sq. ft. with tiled floor, suspended ceiling with fluorescent lighting. Modern shelving. Additional equipment would need to be added to the shop

Stockroom in the region of 150 sq. ft.

Turnover

WE UNDERSTAND the business previously had the on line national lottery plus scratch cards & Paypoint & we understand these facilities are available, subject to the companies approving the ingoing tenant. We further understand the premises previously had a Premises Licence for the sale of wines, beers & spirits & in our opinion there is potential to reintroduce the sale of wines, beers & spirits, subject to obviously obtaining the Premises & Personal Licence.

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 10,000 subject to contract.

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