Convenience Stores Business for sale in 0 Middlesex North East

London Properties are pleased to the market this Newsagentconvenience store has been operated by over client since 1987 although we have been advised that there has been a post office and newsagent trading from the same spot for many years.

Location : North East -Middlesex

Category : Convenience Stores

Asking Price : £ 69,950

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • London Properties are pleased to the market this N, Located in Middlesex North East
  • London Properties are pleased to the market this N, Located in Middlesex North East
  • London Properties are pleased to the market this N, Located in Middlesex North East
  • London Properties are pleased to the market this N, Located in Middlesex North East
  • London Properties are pleased to the market this N, Located in Middlesex North East
  • London Properties are pleased to the market this N, Located in Middlesex North East
  • London Properties are pleased to the market this N, Located in Middlesex North East
  • London Properties are pleased to the market this N, Located in Middlesex North East
  • London Properties are pleased to the market this N, Located in Middlesex North East
  • London Properties are pleased to the market this N, Located in Middlesex North East
  • London Properties are pleased to the market this N, Located in Middlesex North East
  • London Properties are pleased to the market this N, Located in Middlesex North East
  • London Properties are pleased to the market this N, Located in Middlesex North East

Business description

LOCATION:

The premises are prominently located in a parade in a large residential area and situated on Kenton Lane, Kenton, Harrow & also close by are 2 local schools.

DESCRIPTION:

Newsagents/conveniences store offers good sized frontage. The mid terrace ground floor lock-up retail unit with store room, kitchenette & WC and would suit a new or existing operator. The interior of the property offers a high specification design and layout and  benefits from a range of storage shelves, large sales counter with cigarette kiosk, open front drinks refrigerators, magazine shelving, confectionary shelving, and greeting cards, CCTV, , kitchenette, WC, rear storage cabin & also benefits from a two bedroom upper parts which is currently rented out for £1100pcm (£13,200 per annum)

BUSINESS:

The business has been operated by over client since 1987 although we have been advised that there has  been a post office and newsagent trading from the same spot for many years. The business therefore has a loyal and regular customer base given the location and continual footfall throughout the day.

USES:

A1/A2

PREMIUM:

£69,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill.

RENTAL:

£20,000 per annum & income from the 2 bedroom upper parts is £13,200 per annum.

TERMS:

15 years lease remaining & rent review every 5 years

BUSINESS RATES:

£4,750 per annum. However, all interested parties are encouraged to make their own enquiries with the local authority’s

SIZE:

Approximately 6**** **** sq ft

OPENING HOURS:

Monday to Friday: 06:00 to 17:30 Saturday: 06:30 to 16:00 Sunday: 06:30 to 14:00

STAFF:

Husband & Wife Team

UPPER PARTS:

Two bedroom upper parts which is currently rented out for £1100pcm (£13,200 per annum)

TURNOVER:

Current turnover in excess of £338,000 per annum approximately.

ACCOUNTS:

Available on request on viewing

LEGAL COST:

To be confirmed

LOCAL AUTHORITY:

Harrow

ENERGY PERFORMANCE CERTIFICATE:

Energy Performance Asset Rating is 81- D Rating. A copy of this property’s energy performance certificate is available on request.

REFERENCE 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:

****@****.com.au

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:

**** ****

MORTGAGES: We can offer help and advice in arranging your mortgage.

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.

Other Information

  • Years established: 1987
  • Employees: 3
  • Trading Hours: MONDAY TO FRIDAY 06;00 TO 17;30 SATURDAY 06;30 TO 16;00 SUNDAY 06;30 TO 14;00
  • Reason Selling:WANTS TO RETIRED
  • Lease Terms:15 years lease remaining & rent review every 5 years
  • Company Details : London Properties
  • Phone : Click here for phone number
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