Retail premises for sale in High Street, London SE20

£18,000
Retail premises for sale
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Property description

Business
Hilton Smythe welcomes to the market MM Halal butchers and grocery store, established by our client just over a year ago and now reluctantly offered for sale due to ill health.

Our client is looking for a quick sale, the price placed on the business is for the assets and equipment including transformation of the original unit.

The business is split 60% Halal meat, frozen fish to 40% grocery goods. Our client advises a new owner would benefit from adding a fresh fish counter to the existing butchers side of the business, or install an oven to prepare fresh breads and rolls.

The option to add Catering accounts would also help to increase the awareness of this growing business.

The complete unit is fully equipped to allow any new buyer to walk straight in and continue trading, early attention is required as units in this location rarely come on the market at this price.

Location
MM Halal Butchers and Grocery store occupies a highly enviable trading position of the High Street in Penge, South East London.

The business is located on one of the busiest parts of the parade, surrounded by cafes, betting shop, McDonald's, post office, diy shops, independent food retailers, household value stores and Tesco’s.

There is limited parking in nearby Maple street and the main bus routes into central London are located directly outside. The High street is surrounded by 3 mainline stations, Penge East, Penge West and Kent House.

Penge is enjoying lots of new housing projects, its improved transport links and choice of good schools is increasing population. Central London is only 9 miles North.

Premises
We are advised the usable floor area is 67m2

Ground floor

•Butcher arranged to the left of the unit

•Includes a newly installed 6 metre glass fronted display chiller

•2 electronic scales

•Meat mincer

•3 butchers blocks

•Meat cutters

•Hand wash sink

•2 glass topped display freezers

The new installed grocery shelving units are arranged to the right of the store and include a 7-tier shelving system for maximum stock capacity.

Central Air con unit

5 camera CCTV system throughout.

To the rear

•Stockroom area

•Double stainless-steel preparation sinks

•4m x 4m walk in chiller

•Staff toilet

•Hand wash sink

•Additional stockroom

•Access to the rear yard

Front external

•2 x large display tables with overhead canopy

•Electronic shutters

Rear external

•Parking for 2 cars

Tenure
We are advised the business is been offered on a Leasehold basis with a new 10-year lease in place paying just £17,000 rent per annum.

We are advised the business rates paid this are £5,000.

Hours
Monday to Saturday 8.00 am - 7.30 pm

Staff
The business is currently own and managed by our client only, the addition of a larger staffing team would help build current sales.

Financial Profile
We are advised the business generates approx £3-£4,000 per week. The refurbishment and assets installed cost our client over £40,000

Arrange Viewing

For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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