Newsagent for sale in Southfields

Southfields, 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, main road trading position, densely populated residential and commercial area, LONDON, SW

WE ARE INFORMED the turnover averages £2,500 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours and with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licences. Wholesale newsbill £800 p.w.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £13,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (The vendor is also prepared to consider granting a shorter lease, if desired).

Uniform Business Rates: £3,000 p.a. approx.

THIS OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS SINCE 1992 AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

The accommodation in the form of a STUDIO FLAT on the ground floor to the rear of the shop, comprises:

1 Double Bedroom
Shower room with shower, w.c. and wash hand basin
Living room
Separate kitchen

Monday - Saturday inclusive - 6 a.m. - 7 p.m.
Sunday opening - 6 a.m. - 2 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £28,500 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £28,500
Tenure : Leasehold
Status: Available
Sectors:
Card Shops
Confectioners
Newsagents
Stationers
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