Southgate Leasehold Shop for Sale - Convertible Use with A1 Licence, Enfield London
Enfield, London
- Status
FOR SALE
- Date Submitted:
22/04/22
- Advert ID
294180
- Leasehold: £68,000
- Rent: £18,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Prime Location
- Fully Fitted
- Potential for Alternative Use
Business Details
Leasehold shop for sale in Southgate
Mobile and accessories shop for sale
Leasehold shop for sale located in the Southgate area. The current business is a mobile phone and mobile accessories shop. However, there is potential for other uses such as restaurants. It is subject to obtaining planning permission from the local authority.
The shop has an A1 licence and the landlord agrees to consent to obtain an A3 licence. The shop is fully refurbished to high standards. Recently a new shutter was fitted. There is a room at the back of the shop which can be used as storage. The shop is in Southgate high street with high customer demand. It is less than two minutes walk to Southgate underground.
Available facilities:-
1. A new shutter has been fitted recently.
2. Brand new CCTV system has been fitted in the shop.
3. The shop has a security alarm provided by ADT.
4. The shop has an air conditioner
5. Newly toughened glass divider has been fitted.
6. The shop has an electrical boiler.
7. Premium is £68,000 to be paid to the current leaseholder.
8. Annual rent is £18,000 - rent is paid quarterly to the landlord.
9. Business rates - check the local authority website for your information.
10. Fifteen years lease granted from 2019
11. Six months deposits to be paid to the landlord.
12. Seller and buyer pay their own solicitors' fees and other legal fees themselves. Landlord's solicitors and legal fee to be paid by buyer and seller in equal shares.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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