Convenience Stores For Sale in South East London London

LOCATION:

The premises are prominently located on popular parade on Mitcham Road in the heart of Tooting & within walking distance Tooting Broadway Tube Station. There are a large number of national retailers represented in the locality; some of these are Sainsbury’s, Primark, Morleys, Foxtons, Carphone Warehouse and a number of High Street Banks. Tooting provides a vibrant mix of retail units, bars, restaurants, coffee shops and bistros. The surrounding area is densely populated and St Georges Hospital is a close proximity.

DESCRIPTION:

Entering the store there is a service counter to the left with confectionary and snacks, Fruit & Veg to the front. The remainder of the store is mostly stocked to the sides with soft drinks, world foods including herbs and spices, condiments and basic ingredients, additionally snacks along with household items. There is an array of fresh fruit and vegetables. To the rear of the store, elevated by a step, is the butchery counter. Beyond is a store room and a walk in cold room. There is a separate staff WC and rear access. Assets to be included within the sale all of the refrigeration units - 2 large open freestanding fridges, 7 freezers, 1 glass fronted butchery fridge, 2 Electric scales, Video security system, Store shutters

USES:

A1/A2

PREMIUM:

£140,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill.

RENTAL:

£51,996 per annum

TERMS:

9 years remaining

BUSINESS RATES:

£14,484 per annum. However, all interested parties are encouraged to make their own enquiries with London Borough of Wandsworth

SIZE :

Approximately 1005 sq ft

OPENING HOURS:

7 Days a week 08:00 a.m 20:00 p.m

STAFF:

Owner managed with 3 staff

UPPER PARTS:

Four bedroom upper parts rented out as 5 room & achieve £3,100 per month rental income

TURNOVER:

Current turnover in excess of £676,000 per annum approximately

LEGAL COST:

To be confirmed

LOCAL AUTHORITY:

Wandsworth

ENERGY PERFORMANCE CERTIFICATE:

Energy Performance Asset Rating is 65- C Rating. A copy of this property’s energy performance certificate is available on request

REREFENCE CHARGE:

London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord

HOLDING DEPOSIT:

A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS:

Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE:

London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS:

Through London Properties by appointment only.

MAILING LIST:

We at the London Properties Sales Team hope to be in regular contact with you to assist in your search for a suitable property. To keep our records up to date we request that you keep us informed as to the progress of your search so as to avoid any unnecessary inconvenience. Thank you for your assistance in this matter.

DETAILS BY E-MAIL:

We can send full colour sales particulars by e-mail. If you would like to receive details via this medium, please either telephone us with your e-mail address or send an e-mail to the sales team at:

[Email Censored]

FREE VALUATIONS &

MARKETING ADVICE:

We at London Properties would like to assist you with the sale of your property? Just contact the sales team and we will be pleased to offer you a free valuation and market appraisal, a service that we provide with obligation. Competitive fees are available for both sole and multiple agency instructions. Please contact the sales team on:

[Phone Number Censored]

Written quotations are available on request. Please contact this office.

REMEMBER: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP WITH

REPAYMENTS ON A MORTGAGE OR OTHER LOANS SECURED ON IT.

• Employees: OWNER PLUS 3 STAFF
• Trading Hours: OPEN 7DAYS A WEEK 08:00AM TO 20:00PM
• Lease Terms: 9 YEARS REMAINING