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London Properties are pleased to offer to the market this well established convenience store. The su

Waterloo, London
Status
FOR SALE
Advert ID
214406
Reference
SE1 7AB / Rightbiz
Leasehold Price: £70,000
Annual Turnover: £443,000

LOCATION:

 

The premises are prominently located on a enviable trading position on Lower Marsh in Waterloo & directly opposite Johanna Primary School and currently trading as a well established convenience store. The subject business is located to the south east entrance of Waterloo train station. Waterloo is one of London’s major railway and underground stations

 

 

 

DESCRIPTION:

 

Located within the vicinity of one of the UK’s busiest transport hubs, convenience store offers good sized frontage in an enviable location. The mid terrace, four storey brick property with a ground floor lock-up retail unit, would suit a new or existing operator. The interior of the property offers a high specification design and layout and and benefits from a range of storage shelves, large sales counter with cigarette kiosk, two large open chiller fridges, four single fridges, two large double chest freezer and CCTV.

 

 

 

BUSINESS:

 

Renowned family runs business that has established itself for over 30 years. The business currently has strong profit margins; this is complemented by the range of products sold. The business receives a regular and steady income from commissions such as Lottery, Western Union, Oyster and PayPoint. There is the opportunity for growth through Sunday trading, as well as extending weekly hours. Our clients are looking to retire after operating the shop for 30 years.

 

 

 

USES:

 

A1/A2 with alcohal licence.

 

 

 

PREMIUM:

 

£70,000 for the benefit of the lease, fixture & fittings

 

 

 

RENTAL:

 

£34,500 per annum

 

 

 

TERMS:

 

Landlord &Tenant 1954 protected lease with 2 and half lease remaining

 

 

 

BUSINESS RATES:

 

We have been advised that the business rates are £15,000 per annum. Interested parties are advised to make their own enquiries to the local authority

 

 

 

SIZE:

 

Approximately 1345 sq ft

 

 

 

OPENING HOURS:

 

7.30am - 6.30pm Monday - Saturday Closed - Sunday Alcohol Licence 8.00am - 11.00pm

 

 

 

STAFF:

 

Owner managed with the addition of full time & part time members of staff.

 

 

 

TURNOVER:

 

Current turnover in excess of £416,000 per annum with the addition of £27,000 commissions received per annum

 

 

 

ACCOUNTS:

 

Available on request

 

 

 

LEGAL COST:

 

To be confirmed

 

 

 

LOCAL AUTHORITY:

 

Lambeth

 

 

 

ENERGY PERFORMANCE CERTIFICATE:

 

Energy Performance Asset Rating is 63 - C Rating. A copy of this property’s energy performance certificate is available on request.

 

 

 

REFERENCE CHARGE:

 

London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.

 

 

 

HOLDING DEPOSIT:

 

A holding deposit will be required to secure the property the deposit will buy a period of exclusivity and will be held in the London Properties client account

 

 

 

FIXTURE & FITTINGS:

 

Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition.

 

 

 

AGENT NOTE:

 

London Properties for themselves for Lessors, Vendors and their agents, give notice that:-  

 

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.  

 

2. These details do not constitute any part of an offer or contract.  

 

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.  

 

4. All rent prices, fees and charges are quoted exclusive of VAT

 

 

 

 

VIEWINGS:

 

Through London Properties by appointment only

Listing Details
Location: Waterloo, London
Sector: Newsagents, Off Licences, Convenience Stores
Key Features
  • Open Plan Trading Area
  • Town Centre location
  • Offers Invited
  • Prime Location
  • Established Business
  • Attractive Business
  • Accounts Available
  • Fully Fitted
  • High Turnover
  • Close to Local Amenities
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Advert Reference: SE1 7AB / Rightbiz

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