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Retail premises for sale

Forest Gate, London
Advert ID
fb4f83 / Rightbiz
Asking Price: £725,000
Location: The premises are prominently located in a large residential area and situated on Station Road in Forest Gate also close by 2 local schools. Within walking distance to Forest Gate Railway & Tfi Station & Wanstead Overground Station.

Description: It has big shop area on the front and at the back it has kitchen with all appliance, washing machine facility fitted & Bath/Toilet etc. It compromise of 3 rooms according to information provided by landlord an application has been submitted granted to create Bath/WC & Kitchen. It has separate entrance which leads to first floor.

Business: News agent & confectionery business for lease/sale on very busy area with high local footfall and operated by owner from over 18 years so it has plenty of regular clients. Shop is selling lottery tickets, newspaper, magazines, pay point, cigarettes, alcohol, confectionery, stationery, oyster card etc. It has full CCTV system installed, Atm link, various shelves and slats been installed. It is great opportunity for business or investment purpose. Owner is selling/leasing due to medical health issue.

Uses: A1/A2

premium: £65,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill.

Rental: £25,000 per annum

terms: Available Freehold or Leasehold. The property is available to let on a new lease on a full repairing and insuring basis for a term to be agreed subject to periodic rent reviews.

Business rates: Nil. However, all interested parties are encouraged to make their own enquiries with London Borough of Newham

size: Approximately 600 sq ft shop only

opening hours: Monday to Saturday 7:30 a.M till 8:30 p.M & Sunday 8.00 a.M till 16:00 p.M

staff: Family run

upper parts: Two bedroom upper parts

turnover: Current turnover in excess of £260,000 per annum approximately.

Accounts: Available on requested

legal cost: To be confirmed

local authority: Newham

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: Forest Gate, London
Sector: Investment Properties, Newsagents, Retail
Key Features
  • Town Centre location
  • Prime Location
  • High Turnover
  • Accounts Available
  • Attractive Business
  • Close to Local Amenities
  • Retirement Sale
  • Offers Invited
  • Established Business
  • New Lease
  • Fully Fitted
  • Small Business
  • Open Plan Trading Area
  • With Accommodation
  • Planning Consent Available
Contact Agent
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Advert Reference: fb4f83 / Rightbiz

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