Newsagency For Sale in North London London

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The Premises Are Prominently Located On A Enviable Trading Position On Bell Lane In Hendon & Just Round The Corner From Hendon School

Location:North London, London

Category:Newsagency and Lotto

Asking Price:£85,000

  • Sales revenue : £Â£286000
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • The Premises Are Prominently Located On A Enviable Trading Position On Bell Lane In Hendon & Just Round The Corner From Hendon School

Business description

LOCATION:

The premises are prominently located on a enviable trading position on Bell Lane in Hendon & just round the corner from Hendon School.

DESCRIPTION:

Newsagents/convenience 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 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

USES:

A1/A2

PREMIUM:

£85,000 for the benefit of the lease, fixtures & fittings.

RENTAL:

£19,950 per annum

TERMS:

Existing lease is until November 2019 & the freeholder will issue a new lease.

BUSINESS RATES:

We have been advised by the client that the current rates payable are £5,300 per year. However, all interested parties are encouraged to make their own enquiries with Barnet Council

SIZE:

Approximately 904 sq ft

OPENING HOURS:

Monday till Saturday 6:00 a.m - 7:00 p.m & Sunday 6:00 a.m - 4:00 p.m

STAFF:

Family run

TURNOVER:

Current turnover in excess of £286,000 per annum. not including Lottery & Bus Pass commission

ACCOUNTS:

Available on request

LEGAL COST:

To be confirmed

LOCAL AUTHORITY:

Barnet

ENERGY PERFORMANCE CERTIFICATE:

Energy Performance Asset Rating is 74 - C Rating. A copy of this property’s energy performance certificate can be viewed at [Web Link Censored] as a pdf file.

REFERENCES 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]

Other Information

  • Real Estate: London Properties 95 High Street Wealdstone Middlesex 020 8861 4615 info@london-properties
  • Years Established: 20 years plus
  • Employees: Family run
  • Trading Hours: Monday till Saturday 6:00 a.m - 7:00 p.m & Sunday 6:00 a.m - 4:00 p.m
  • Support Training: None
  • Reason For Selling: Retiring
  • Lease Terms: Existing lease is until November 2019 & the freeholder will issue a new lease.
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