Convenience Store for sale in Hornchurch

Hornchurch, Essex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Residential area, ESSEX

WE ARE INFORMED the turnover averages £4,800 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 25% approx.

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 10 years unexpired at a rental of £12,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.

RECOMMENDED FOR EARLY INSPECTION

The accommodation situated on the ground floor to the rear of the shop is a FLAT, refurbished and with FULL GAS FIRED CENTRAL HEATING, comprising:

2 Double Bedrooms
Shower room with shower, w.c. and wash hand basin
Kitchen

This accommodation is rented by 1 of the staff at £40 p.w. whilst the other double bedroom is let on a shorthold tenancy at £45 p.w.

In addition on the first floor is a SPACIOUS SELF CONTAINED FLAT, let on a shorthold tenancy and providing a rental income of £700 per month, however, we understand that vacant possession can be given on completion, if required. The first floor accommodation is FULLY DOUBLE GLAZED, FULL GAS FIRED CENTRAL HEATING and all in GOOD CONDITION, comprising:

1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen with fitted units

Monday - Saturday inclusive - 11.30 a.m. - 10.30 p.m.
Sunday opening - 12 noon - 10.30 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £65,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
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