Freehold Off Licence With Three Flats In London For Sale

Business description

FREEHOLD OFF-LICENCE WITH 3 FLATS – PRIME LONDON E1 POSITION.

LOCATION: Occupies a prime main road position with virtually continuous passing trade for much of the day. The property is in a highly sought after area just a short distance from City.

DESCRIPTION: Mid-parade property is arranged on ground floor and basement levels and there are 3 flats over 2 floors above the shop. The frontage is approx 13’-0” wide secured by electrically operated roller shutters. Internally the 530 sq ft ground floor comprises a well fitted front sales section with kitchenette/store and toilet/washroom at the rear. Stairs from the kitchenette/store descends to a 370 sq ft basement stock room which is fully shelved and recently refurbished. The ground floor and basement are fully alarmed (Red Care).

EQUIPMENT: Fully fitted and equipped for present trade.

BUSINESS: In same hands since 1988 and is only for sale as the owner wishes to retire. Is staff-run and we are informed is taking £12,000 per week. Plus £150 per week commission (clear profit) from paypoint and bus pass sales. In addition, there is rental income of £26,000 per annum from flats. Flats are always occupied as property is in a sought after, convenient location.

HOURS: Mon-Sat 9.30 am to 11.00 pm; Sun 10.00 am to 10.00 pm.

ACCOMM: Separate front entrance; Gas central heating; double glazing; new re-wiring and new tiled roof in Jan 2005.

First Floor: - Front studio flat with living/bedroom, kitchenette, shower room/toilet.
First Floor: - Rear studio flat with living/bedroom, kitchenette, shower room/toilet.
Second Floor: - Flat with living room, kitchen, double bedroom, shower room/toilet.

TENURE: Freehold.

RATES: Business rates payable are approx £3,700 per annum.

STOCK: Approx £50,000.

Property information

Property:

Freehold

Living accommodation:

Separate front entrance; Gas central heating; double glazing; new re-wiring and new tiled roof in Jan 2005. First Floor: - Front studio flat with living/bedroom, kitchenette, shower room/toilet. First Floor: - Rear studio flat with living/bedroom, kitchenette, shower room/toilet. Second Floor: - Flat with living room, kitchen, double bedroom, shower room/toilet.

Location:

Occupies a prime main road position with virtually continuous passing trade for much of the day. The property is in a highly sought after area just a short distance from City.

Other information

Competition / Market:

The property is in a highly sought after area just a short distance from City.

Reasons for selling:

Retirement

Trading hours:

Mon-Sat 9.30 am to 11.00 pm; Sun 10.00 am to 10.00 pm.

Inventory / Stock value:

£50,000

Contact the seller