Retail premises for sale

London SE14

Premium Budgens Convenience Store & Off-Licence – Excellent Owner-Operator Opportunity
Galaxy Real Estate offers this exceptional opportunity to acquire a fully operational, modern Budgens convenience store and off-licence located within a contemporary residential development in the heart of South East London.

Established approximately two years ago, this highly attractive business benefits from an excellent standard of fit-out and a loyal local customer base generated by approximately 67 occupied apartments within the development, together with surrounding residential properties.

The business enjoys strong and consistent weekly retail sales in excess of £28,000, complemented by additional revenue streams, including National Lottery, PayPoint, parcel services and atm facilities.

The premises have been fitted to an impressive standard with significant investment in refrigeration, modern shelving, epos systems, CCTV, security systems and customer facilities, allowing an incoming purchaser to continue trading immediately with minimal additional capital expenditure. The premises is also benefitted with a private lift from ground floor to first floor.

A particular feature of this opportunity is the substantial first-floor accommodation, which benefits from both internal lift access and its own independent entrance. The space is currently utilised as a community workspace; however, it offers considerable future potential for alternative commercial uses, subject to any necessary consents. Potential uses may include a café, coffee shop, beauty salon, office accommodation, treatment rooms, a wellness studio or a separate commercial letting. We understand that the first-floor space may achieve a rental income in the region of £15,000 - £18,000 per annum, providing an attractive additional income stream.

This is an ideal opportunity for an experienced convenience store operator, family business or ambitious entrepreneur seeking a high-quality retail business with established trade and significant scope for future growth. There remains potential to further increase turnover through owner management, expansion of product ranges, enhanced fresh food and convenience offerings, premium alcohol selection and additional customer services.

The business is offered by way of a lease assignment with the benefit of security of tenure under the Landlord and Tenant Act 1954 with an annual rent of £55,000 per annum (ground floor, first floor offices and storage plus the community hall at the first floor).

A rare opportunity to acquire a modern, well-established convenience store with multiple income streams and substantial future potential in a growing London location.

Sale: £21,000 - £22,000
Rent: £27,500 per annum till 29/01/2027, £55,000 per annum from 30/01/2027
Rates: £13858.48 per annum (discounted)
Rent Review: Every 5 Years
Next Rent Review: In 2.5 Years
Lease: 7 Years left and renewable ( after that market value )

Services Info Please See Below Which Can be Very Time To Time:

Lottery income = Sales £306.5 – income/commission £16.41
• PayPoint / parcel services income = sales £2219.86 – income/commission £76.33
• atm income (if applicable) = withdrawal = £4500 – income is with paypoint above

2. Business Expenses and Outgoings
Please provide details of the current operating costs, including but not limited to:
• Rent payable under the lease – £27500 per annum till 29/01/2027, £55,000 per annum from 30/01/2027
• Business rates - £13858.48 per annum
• Electricity bills - £3700 per month
• Gas bills – N/A
• Water rates – N/A ( never billed)
• Wages and staffing costs= Currently the store is staff run and the man hours without the owner is 243 hours per week
• Insurance premiums = £1200 per annum
• Service charges (if applicable) = Never billed
• Waste collection charges = £25/ week
• Card machine charges = £300 / month
• Any other regular business expenses
• Telephone/Broadband £95/month

Viewings strictly by appointment through Galaxy Real Estate.