Old Established Middlesex Based Model Shop For Sale

Business description

Service road in front of parade to spacious -

Double fronted Sales Shop approx. 18ft wide x 70ft depth with tiled floor, shelving, display stands, glass fronted counter, electronic cash register etc.

3 stockrooms
Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 10 years full repairing and insuring lease in respect of the shop with maisonette over at a rental of £30,000 p.a. exclusive of rates for the first 5 years, with rent to be agreed thereafter. (Should the accommodation not be required, the vendors, subject to satisfactory references, are prepared to grant a new 10 years full repairing and insuring lease in respect of the Shop premises only (excluding the living accommodation) at a rental of £20,000 p.a. exclusive of rates for the first 5 years, with rent to be agreed thereafter.

Uniform Business Rates: £5,000 p.a. approx.

THIS OLD ESTABLISHED MODEL SHOP HAS BEEN IN THE SAME FAMILY SINCE 1946 AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Living accommodation:

The accommodation in the form of SELF CONTAINED MAISONETTE over is available as an optional extra and is at present let on a shorthold tenancy and provides a rental income of £800 per month. We understand that vacant possession can be given on completion

Location:

Situated in a parade, excellent main road trading position, NORTH LONDON/MIDDLESEX BORDERS

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £2,500 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

ALL OFFERS CONSIDERED FOR THE NEW SECURE LEASE plus STOCK AT VALUATION (in the region of £80,000) SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 9 a.m. - 5.30 p.m.
NO SUNDAY TRADING

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.