Motor Accessory Shop for sale in Sydenham

Sydenham, South 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 main road trading position, densely populated residential and commercial area, S.E. LONDON

WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 30% approx.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £30,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £7,500 p.a. approx.

AS STATED THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 30 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Saturday inclusive - 8.30 a.m. - 5.30 p.m.
No Sunday Opening

OFFERS INVITED TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £60,000 plus STOCK AT VALUATION (£20,000 approx. optional).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

The vendor is also prepared to sell the freehold shop. ASKING PRICE FOR THE FREEHOLD, GOODWILL, FIXTURES & FITTINGS £280,000 plus STOCK AT VALUATION (£20,000 approx. optional).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £280,000
Tenure : Freehold
Status: Available
Sectors:
Motor Accessory Shops
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