Convenience Store With Newsagents And Off Licence For Sale

Business description

IMPRESSIVE & SPACIOUS DOUBLE FRONTED SALES SHOP approx. 1,200 sq. ft. sales area we understand newly refurbished and refitted in July, 2007 at considerable expense. Ceramic tiled floor, suspended ceiling with concealed lighting. 3 air conditioning units. The equipment includes counter, scanning system with 2 tills, electronic scales, hot display cabinet (on loan and used for pies, sausage rolls etc), electric bake-off oven (on loan), centre display gondolas, 3.75m open cool display unit (used for beers and wines), 1-4.5m cool display unit (used for soft drinks, juices, milk etc), magazine display shelving, large greeting card display section, 2 upright double door glass fronted display deep freezes, 3-tier glass fronted ice cream display deep freeze etc.

Stockroom
Staff w.c. and wash hand basin

Property information

Property:

Freehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 21 years full repairing and insuring lease in respect of the shop with 2 flats over at a rental of £26,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter ever 3 years.

Alternatively should only 1 of the flats be required the vendor is prepared to grant, subject to satisfactory references, a new 21 years full repairing and insuring lease to include the shop premises and 1 flat at a rental of £21,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Alternatively the vendor is also prepared to consider granting a lease in respect of the shop premises only, excluding the 2 flats over, subject to satisfactory references, for a period of 21 years lease at a rental of £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

THIS BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 22 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation in the form of a 2 SELF CONTAINED FLATS over, all refurbished and newly fitted, comprises: Flat 1. Double Bedroom Newly fitted bathroom with bath, w.c. and wash hand basin Large Lounge Fitted Kitchen Flat 2. 1 Double Bedroom

Location:

Situated in a parade, densely populated residential area,KENT

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. In addition, the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approx. £75 p.w. The business also sells bus passes and we understand that this provides a further commission of approx. £150 p.w. In addition, there is a Paypoint which we understand provides yet a further commission of approx. £80 p.w.

Reasons for selling:

To Include The New Lease, Goodwill, Fixtures & Fittings £250,000 Plus Stock At Valuation, Substantial Loan To An Approved Applicant. Or Complete With The Valuable Freehold Property, Goodwill, Fixtures & Fittings £820,000 Plus Stock At Valuation Substantial Mortgage To An Approved Applicant

Trading hours:

Monday - Friday inclusive - 6 a.m. - 9 p.m. Saturday opening - 6.30 a.m. - 9 p.m. Sunday opening - 6.30 a.m. - 5 p.m.

Financing available:

Substantial Mortgage To An Approved Applicant

Contact the seller