Convenience Store for sale in Highbury

Highbury, North London


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, excellent trading position, NORTH LONDON

WE ARE INFORMED the turnover currently averages £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 25%.

We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of £18,750 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 4 years. (As will be appreciated with the current rental income from the forecourt of £7,200, the net rental payable at the present time is only £11,550 p.a. plus rates).

Uniform Business Rates: £5,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

7 a.m. - 11 p.m. seven days per week

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £39,950 plus STOCK AT VALUATION (£15,000/£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £39,950
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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