Reduced Excellent Central Located Newsagents In Marylebone For Sale

Business description

LOCATION: Central London based, this business is in a small parade of shops in heavy footfall area in very central location within immediate proximity to Warren Street tube and Tottenham Court Road. Surrounded by many by hotels, residential, commercial and public properties.

DESCRIPTION: The front of the premises is a modern double glass frontage with security shutters and canopy. Internally the trading area is approx 375 sq ft, there is vinyl flooring and a suspended ceiling with stripped lighting. Towards the rear are stairways which lead to a basement storage area, toilet and kitchenette.

EQUIPMENT: The shop is fully fitted and equipped for trade and a full inventory will be available to a purchaser. Equipment includes; Various shelving, card rack, 2 double display drink fridges and ice cream freezer.

BUSINESS: The business has been established for a number of years and benefits from strong regular custom in addition to walking trade. Takings are £7,500 per week plus £800 per week from top ups and £900 per week for bus passes. There is good potential to introduce Paypoint, lottery, ATM machine, Western Union, pies, etc. The business is run by one partner.

HOURS: Mon – Fri 7:00 AM to 9:00 PM, Sat - 7:00 AM to 2:30 PM, Sun – 7:00 AM to 7:00 PM

ACCOMM: There is no residential accommodation.

TENURE: The current lease is presently under renewal with an indicated rent of around £17,000 per annum.

RATES: Business rates payable are approx £6,000

Property information

Property:

Leasehold

Lease terms:

TENURE: The current lease is presently under renewal with an indicated rent of around £17,000 per annum.

Leasehold rent:

£17,000 per annum

Living accommodation:

There is no residential accommodation.

Location:

LOCATION: Central London based, this business is in a small parade of shops in heavy footfall area in very central location within immediate proximity to Warren Street tube and Tottenham Court Road. Surrounded by many by hotels, residential, commercial and public properties.

Premises details:

DESCRIPTION: The front of the premises is a modern double glass frontage with security shutters and canopy. Internally the trading area is approx 375 sq ft, there is vinyl flooring and a suspended ceiling with stripped lighting. Towards the rear are stairways which lead to a basement storage area, toilet and kitchenette.

Business Operation

Expansion potential:

BUSINESS: The business has been established for a number of years and benefits from strong regular custom in addition to walking trade. Takings are £7,500 per week plus £800 per week from top ups and £900 per week for bus passes. There is good potential to introduce Paypoint, lottery, ATM machine, Western Union, pies, etc. The business is run by one partner.

Trading hours:

HOURS: Mon – Fri 7:00 AM to 9:00 PM, Sat - 7:00 AM to 2:30 PM, Sun – 7:00 AM to 7:00 PM

Employees:

The business is run by one partner.

Years established:

2003

Other information

Support & training:

Full handover support and training included in asking price.

Related documents:

• 
• Compulsory Registration Form to Return Please