Newsagents Opposite Busy Tube Station For Sale

Business description

Located in the heart of one North West London’s most affluent locations, and right across the road to the entrance to a very busy commuter underground station this well established and well located newsagents has a long and steady track record of trade which benefits from very good and constant foot flow throughout the day and early evenings.

This area of central North London is known for its restaurants and as an excellent residential location. Very well located for all transport links to and from the West End.

The business is well laid out for the trade with a good mix of the usual newsagents and stationers products for sale allowing the business to operate a good gross profit margin.

This is an excellent opportunity for a good location with a good lease in this busy and thriving part of North West London with good passing trade.

The business currently trades as a Newsagents currently open seven days per week, opening from 6am, closing 7;30pm Mondays to Saturdays & 3pm Sundays, opening 7am on Saturdays,/Sundays.

Trade currently advised to be approx £10,500 per week regular sales and £7,500 lottery, bus passes, phone top ups.

It is estimated by the vendors that they carry about £25,000 worth of stock at cost at any one time.

Staffed currently by 1 full time plus (2 owners part time).

The property is arranged over the ground floor and basement with further internal storage and WC facilities in basement.

GROUND FLOOR RETAIL ZONE A 27.70m2
GROUND FLOOR RETAIL ZONE B 28.20m2
GROUND FLOOR RETAIL ZONE C 12.30m2
BASEMENT/INTERNAL STORAGE 29.70m2
TOTAL97.90m2
Shop frontage approx 6m wide. Ground Floor set up with serving counter on the left as you enter, with refrigerated drinks units along the right , regular shelving on left and at rear; centre aisle shelving.

The unit is offered in excellent internal condition.

Property information

Property:

Leasehold

Lease terms:

The property is held by virtue of a 10-year full repairing and insuring
lease expiring in 2018 (dated 2008). Passing rent is £42,500 per annum. 5 yearly reviews. Lease is renewable.

We have not been advised regarding a further service rent.

Location:

This area of central North London is known for its restaurants and as an excellent residential location. Very well located for all transport links to and from the West End (and right across the road to the entrance to a very busy commuter underground station)

Other information

Trading hours:

Open seven days per week, opening from 6am, closing 7;30pm Mondays to Saturdays & 3pm Sundays, opening 7am on Saturdays,/Sundays.

Related documents:

• 
• NW202 Blind Profile

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