Convenience Store for sale in Kings Langley

Kings Langley, Hertfordshire


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, busy road, sought after residential area, HERTFORDSHIRE

WE ARE INFORMED the turnover currently averages in the region of £9,500/£10,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £200 p.w. We are further advised that the gross profit is in the region of 22%.

We understand the premises are held on a lease, the present lease having approximately 7 years unexpired at a rental of £25,000 p.a. exclusive of rates for the next 1 year, with rent to be agreed thereafter. (Please note we understand the lease is outside the Landlord & Tenant Act).

Uniform Business Rates: £4,800 p.a. approx

RECOMMENDED FOR EARLY INSPECTION

The accommodation in the form of a SELF CONTAINED MAISONETTE over is at present let on a shorthold tenancies and provides a rental income of £1,200 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units

Monday - Saturday inclusive - 7 a.m. - 10 p.m.
Sunday opening - 8 a.m. - 10 p.m.

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £89,995 plus STOCK AT VALUATION (£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £89,995
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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