Retail premises for sale in Stratford, London E15

£50,000
Retail premises for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Prime location in a busy Market Village within a Town Centre Shopping Mall
  • 2018 Turnover £52,565 per annum
  • Good online sales from a range of 5,000 products through Drop Shipping
  • Substantial scope for growth though driving online sales

Property description

Reference - 47566

Description
Stratford Centre is a Shopping Mall and Market Village in Stratford Town Centre, London E15. It is situated opposite the busy Stratford Regional station and this contributes to the high footfall through the centre, currently at around 26 million visitors every year.

The centre currently has 62 retail units, internally and externally, plus, off the East Mall is the Market Village, which contains many (60+) small independent traders including a variety of highly popular international and ethnic food outlets.

The business occupies a single unit within the Market Village which has been divided into two, one containing the salon with 4 work stations, nail bar and beauty therapy, the second a shop offering over the counter cosmetics and lingerie.

The current average weekly turnover is £3,200 with potential for growth through driving online sales

Sales
Currently shop and online sales average £3,200 approximately.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday – Wednesday: 09:30 – 18:30 Thursday to Saturday: 09.00 – 18.30 Sunday: Closed

Staff
Managed by the owner with 4 selfemployed stylists.

Building Internal
The business premises is a terraced indoor market unit of approximately 250 to 270 square feet divided into two independent units, one with hair, beauty salon and nail bar, the second a shop supplying over the counter cosmetics and lingerie.

Residential Accommodation
There is no residential accommodation for owners/management available.

Tenure
We are advised that the property is held on a 1-year lease which commenced in August 2018. The rent is £510.88 a week for the two units, all inclusive + VAT. Rent reviews are at 12 monthly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
This is a great opportunity to take over a hair and beauty salon with adjoining shop and online retailer selling cosmetics and lingerie, within a very busy, high footfall shopping mall, plus a range of other products. There is substantial scope for growth with a drive to increase online sales and Sunday trading. Early viewing is highly recommended.

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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer 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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