Convenience Store for sale in North London

Kings Cross Central, 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, busy road, residential & commercial area, NORTH LONDON

WE ARE INFORMED the turnover averages £10,000 p.w. Wholesale newsbill £100 p.w. 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 10 years unexpired at a rental of £22,000 p.a. exclusive of rates for the next 5 years, with rent to be agreed thereafter.

Uniform Business Rates: £2,400 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

The accommodation situated on the first floor:

4 Rooms

We understand that planning permission has been granted to convert the first floor area into 2 bedrooms accommodation, if desired.

In addition there is a large basement which has the possibility to also be converted into accommodation, subject to obtaining the necessary planning permission,

24 hours per day seven days per week

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £110,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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