Situated in a parade, excellent main road trading position, residential area, N LONDON
Features : SPACIOUS SALES SHOP probably in the region of 700/800 sq. ft. sales area with tiled floor, suspended ceiling and well equipped including cool display serveover counter, 1-2.5m open cool display unit (used for dairy produce), 1 additional approx. 4m open cool display unit (used for soft drinks), 1-2.5m open cool display unit (used for beers), ice cream deep freeze (on loan), counter, electric cash register etc.
Staff w.c. and wash hand basin
Location : Situated in a parade, excellent main road trading position, residential area, N LONDON
Opening Hours : Sunday - 8 a.m. - 11 p.m.
Monday - Thursday inclusive - 7 a.m. - 11 p.m.
Friday & Saturday - 7 a.m. - 12 midnight
Turnover : WE ARE INFORMED the turnover averages £7,000/£8,000 p.w. We are further advised that the gross profit is in the region of 24%.
Tenure : We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of £17,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 4 years. (As will be appreciated with the rental income currently of £9,600 p.a. the net rental payable at the present time is only £7,400 p.a. exclusive of rates).
Uniform Business Rates: £7,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of £9,600 p.a. The FLAT comprises:
Bathroom with bath, w.c. and wash hand basin
Outside : Yard at rear
Staff : The business is at present operated by a husband and wife team with the assistance of their family plus 2 part time staff employed.
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