Search more Vacant Premises for sale in North London
Reference G8674

Shop Premises in North London For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, residential and commercial area, near station, NORTH LONDON

Price 55,000

Features

Empty A1 Use Unit

We are advised that the premises traded as a Convenience Store, News, Off Licence. In our opinion the premises offer terrific potential to re-establish a retail trade.

TRIPLE FRONTED SHOP total area 1,200 sq ft approx. Suspended ceiling with LED lighting, tiled floor. Counter, adjustable shelving, 12 ft dairy fridge, 8ft fridge.

Store Room - shelved

Cloakroom with toilet and sink

Turnover

Historic sales 11,000 - 12,000 per week.

Outside

Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a lease from Transport for London granted for 6 years, 2017 at a rental of 22,000 p.a. with rent reviews every 3 years. We are further advised Transport for London will grant a new 6 years lease to an incoming tenant with 3 yearly reviews.

**PLEASE NOTE WE UNDERSTAND THAT THE EXISTING LEASE IS OUTSIDE THE LANDLORD & TENANT ACT. WE FURTHER UNDERSTAND THERE IS A 6 MONTHS BREAK CLAUSE WITHIN THE LEASE & IT SHOULD BE NOTED THAT THE NEW LEASE IS LIKELY TO CONTAIN THE SAME CONDITIONS**

Business Rates from April 2021 nil approx. payable (Please contact local authority to confirm) - used to be 7,700 payable.

Price

TO INCLUDE THE LEASE, FIXTURES & FITTINGS 55,000 subject to contract.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

Search more Vacant Premises for sale in North London

Buy a Shop Premises in North London For Sale on NationwideBusinesses.co.uk

Other people also viewed:

Offers
Empty Shop in North London



Guide to selling a business