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Reference G8921

Residential Convenience Store with Off Licence in Stanford-Le-Hope For Sale

Register to see map and to make an appointment Unopposed prominent trading position, residential area, ESSEX STANFORD-LE-HOPE

Price £175,000

Features

Vacant Convenience Store with off Licence (closed December 2021)

NO DIRECT COMPETITION
SAME FAMILY SINCE 2008

SINGLE FRONTED PREMISES in the region of 565 ft² with ELECTRIC SHUTTERS. Lino floor, suspended ceiling with fluorescent lighting. Sales counter, EPOS till, cigarette gantry, modern adjustable shelving, 2m open cool display unit, Coca-Cola fridge, Monster fridge, Redbull fridge, 2 glass fronted freezers.

Stockroom

Staff toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover when trading was in the region of £12,000 p.w.

Tenure

We understand the long lease (until 2074) has no right for renewal. Ground rent £150 p.a. fixed.

** N.B. The Purchaser is to be responsible for the vendors legal fees. **

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE VALUABLE LONG LEASEHOLD PROPERTY, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION. GROUND RENT £150 P.A. FIXED
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 122,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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