Newsagent for sale in Bermondsey

Bermondsey, South London


  • 6af962543f9f4668d9a35b3718fa2e67.jpg
  • cc719d5f37612aaa55c4e378c06282ef.jpg
This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, main road trading position, residential & commercial area, SE LONDON

WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours & with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Off Licence. Wholesale newsbill £400 p.w. Gross profit 20% approx. In addition the business has Oyster which we understand provides a commission of approximately £140 p.w.

We understand the entire premises are held on a secure renewable lease from a private landlord, the present lease having approximately 11 years unexpired at £22,000 p.a. exclusive of rates. (We understand the landlord has stated to the present tenant that the rent will remain at £22,000 p.a. for the remaining period of 11 years of the lease). As will be appreciated with the current rental income from the 3 rooms being let over of £19,500 p.a. the net rental payable at the present time is only £2,500 p.a. exclusive of rates.

Uniform Business Rates: Nil payable at the present time after small business relief.

RECOMMENDED FOR EARLY INSPECTION

The accommodatiion in the form of a SELF CONTAINED FLAT, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin
Lounge
Fully fitted kitchen

We understand that the 2 double bedrooms are currently let room by room & provide £150 p.w. each. We understand that vacant possession of the accommodation can be made if required.

Winter Time
Monday - Saturday inclusive - 6 a.m. - 6 p.m.
Sunday opening - 7 a.m. - 6 p.m.

Summertime i.e. March - October
Weekdays 6 a.m. - 7 p.m.
Sunday - 7 a.m. - 6 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION (£6,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

Send message - Newsagent for sale in Bermondsey Send message to Nationwide Businesses Ltd
Your message has been sent successfully!
Please complete all required fields!
We are sorry but something went wrong, please try again later.
:
:
:
:
:


business information

Sale price: £69,500
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
share with friends


Call