Retail shop asset in Shoreditch London with secure lease and conversion potential available for sale
Shoreditch, London
- Status
FOR SALE
- Advert ID
627851
- Leasehold: £70,000
- Rent: £34,500 (£2,875 per month)
- Turnover: £156,000 (£3,000 per week)
- Profit: £1,000 (1% Profit margin)
Key Features
- Clean and welcoming environment
- Flexible trading hours
- Fully equipped shop and bar
- Fully stocked inventory included
Business Details
The 'Zero Rent' Retail Shop Asset | Hoxton Square Prime
Hoxton Square: "Zero-Rent" Retail Opportunity
A rare chance to acquire a secure leasehold in the heart of Shoreditch. This is a unique "cost-free" operation where the sub-let income completely offsets your head rent.
The Financials: Guaranteed
Overhead Coverage
• Head Rent: £34,500 per annum.
• Sub-let Income: £35,500 per annum (from two professional, long-term commercial tenants).
• Net Result: £1,000 profit before a single sale is made.
• Business Rates: £300 per month for entire building.
The Business & Potential
• Current Trade: High-turnover specialized retail with consistent sales of £2.5k–£3k weekly only vapes.
• Huge Upside: Significant potential for an Off-License conversion; currently no direct competition in the immediate vicinity.
• Premises: Ground floor retail unit plus a large, usable basement.
Lease Security
• Term: Current lease to June 2027, with a pre-agreed brand new 10-year renewable lease starting thereafter (£37k rent with a 5-year review).
• Protection: Fully protected under the 1954 Landlord & Tenant Act, ensuring a legal right to renew.
• Flexibility: Option to take over the current term or trigger the new 10-year lease immediately.
Terms of Sale
• Asking Price: £70,000 (Includes Business, Goodwill, Domains, and Premium).
• Stock: Not included
• Fees: Buyer to cover Landlord Solicitor fees (£2,750 VAT). Seller covers own legal costs.
Serious Inquiries Only: This is a firm, sensible price for a high-demand Hoxton location. To prevent time-wasting, proof of funds is strictly required before any viewing will be scheduled. Please ensure you have read all details above before enquiring.
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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.
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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.
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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.'.
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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.
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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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