Full description: Location: Situated in a parade, excellent main road trading position, residential and commercial area. In the vicinity of the Olympic Village, Stratford, London. Features: Excellent main road trading position. Fully licensed until 3 AM.
The only late licensed outlet in the area. Rear private access to the spacious 3 bedroom flat. SPACIOUS SALES SHOP in the region of 1,00
Letting information
Date available: Now
Letting type: Commercial
Full description:
Location: Situated in a parade, excellent main road trading position, residential and commercial area. In the vicinity of the Olympic Village, Stratford, London.
Features: Excellent main road trading position. Fully licensed until 3 AM. The only late licensed outlet in the area. Rear private access to the spacious 3 bedroom flat.
SPACIOUS SALES SHOP in the region of 1,000 sq. ft. sales area with tiled floor. Modern suspended ceiling with concealed lightening. Newly fitted approximately 6 years ago. Large 6ft counter with confectionery display, 2 touch screen EPOS scanning tills,
modern adjustable shelving, 2 glass topped chest display deep freezers, one 3 tier display Ice-cream freezer. 1-12ft open cool display unit (for dairy produce, drinks & beers), 8ft sliding door display unit (used for wines). CCTV system with 12 cameras, monitor
plus DVR with remote monitoring facility. Electric roller shutter
Big basement, with shelving. The basement is used for storage purpose.
3 bedroom flat with rear access, fully paved garden, fitted kitchen and bathroom. Lounge and three bedrooms on the 1st floor.
Turnover: WE ARE INFORMED the turnover averages £17,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of newspapers and magazines. Gross profit we are advised in the region of 35%. In
addition the business has an ATM machine and we understand this provides a commission of approximately £300 p/w. The business also provides payment services and western union which provides a further commission of approximately £ 80 p/w.
The flat has been let on a short hold tenancy which provides an income of £240 p/w.
Staff: The business is at present operated under management. Staff employed 3 full time plus 1 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
Opening Hours: 7 a.m. 3 a.m. Monday to Saturday, Sunday 9 a.m. to 11 p.m.
Tenure: We understand the premises are held on a secure renewable lease having approximately 9 years unexpired at a current rental of £20,250 p.a. exclusive of rates for the next 4 year, with rent review at that time and thereafter every 4 years. It will
be appreciated that with the rental income of £12,480 p.a. in respect of flat been let, the net rental payable at the present time is only £7,770 p.a. exclusive of rates.
Uniform Business Rates: £4000 p.a. approx. which are reduced to £2000 p.a. with government small business relief programme.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
Price TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £179,995 plus STOCK AT VALUATION.