Counter News Convenience Business For Sale

Business description

2 x 2 BED FLATS SUBLET PRODUCING £1,400 PCM –
SAME HANDS 26 YEARS – HUGE POTENTIAL

Well established having been in the present hands for some 26 years and now only being marketed due to the Vendors wish to retire. Tremendous potential exists for the introduction of news rounds and a more diverse stock range.

TURNOVER - £4,000 PWK @ 25% GP.

Property information

Property:

Leasehold

Lease terms:

TENURE – New 15 year lease

RENT - £ 19,400 PA (3 year reviews)

RATES - £ 4,761 PA. (Payable)

Leasehold rent:

£19,400 per annum

Living accommodation:

2 Flats approached via sep. Rear entrances. Each comprising: Bedroom 1: Double. Bedroom 2: Double. Bathroom: Full suite. Lounge: Kitchen: OBSERVATIONS – The flats are sublet producing a total rental income of £1,400 PCM.

Location:

These well appointed shop premises occupy a prominent position fronting a busy main road close to the centre of Petts Wood, being close to the Station and serving a densely populated affluent residential area.

Premises details:

Parade premises with double frontage and single entrance to: Retail Area: 384 sq/ft. All round display shelving, greetings card display, tobacco gantry, gondola display, 2 upright drinks chillers, ice cream freezer, confectionery displays, counter with electric cash register. Storeroom: shelving. Sep W. C. W/basin. Storeroom:

Other information

Trading hours:

6.30am – 5.30pm Mon to Sat
6.30am – 1.00pm Sun