Convenience Store for sale in Walthamstow

Walthamstow, East London


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Occupying a corner position, main road trading position, densely populated and residential area, LONDON (EAST)

WE ARE INFORMED the turnover averages in the region of £5,500/£6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 24% approx. Phone Top-Ups bring in an additional income of £100 per month

The vendor owns the freehold and subject to satisfactory references, is prepared to grant in respect of the shop premises combined with flat over and workshop a new 12 years full repairing and insuring lease at a rental of £30,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Alternatively should the accommodation not be required, the vendor is prepared to grant, subject to satisfactory references, a new 12 years full repairing and insuring lease in respect of the shop premises only (excluding the flat and workshop at rear) at a rental of £20,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £2,700 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation in the form of a SELF CONTAINED FLAT over, is at present let on a shorthold tenancy and provides a rental income of £175 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen

In addition there is a rear workshop which is let and provides a rental income of £75 per week.

10 a.m. - 10 p.m. seven days per week

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £89,500
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
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