Supermarket for sale in South London

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, residential area, SE LONDON

WE ARE INFORMED the turnover averages £10,500 p.w. in our opinion offering tremendous potential for further development in the right hands. In addition the business is agents for the sale of scratch cards plus Oyster which we understand provides a combined commission of approximately £45 p.w.

The main shop together with self contained maisonette over is held on a secure renewable lease we understand having approximately 11 years unexpired at a rental of £26,500 p.a. exclusive of rates for the next 1 year with rent to be agreed thereafter.

Uniform Business Rates: £2,500 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

The accommodation situated over the MAIN SHOP comprises a SPACIOUS SELF CONTAINED MAISONETTE, refurbished & with FULL GAS FIRED CENTRAL HEATING comprising:

4 Bedrooms (2 doubles, 2 singles) (1 of the singles is at present utilized as an office)
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

The accommodation is currently let on a room by room basis & currently provides a rental income of £1,400 per month, however we understand that vacant possession can be given on completion, if required.

Monday - Saturday inclusive - 6 a.m. - 12 midnight
Sunday opening - 7 a.m. - 11.30 p.m.

TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £140,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
Supermarkets
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