Self Service Convenience Store Counter Newsagents For Sale

Business description

Single fronted with manual shutters, medium sized (500 sq. ft. approx.) premises, laminated strip floor, suspended ceiling with fluorescent lighting. Well equipped including sales counter, electronic cash register, modern adjustable shelving, CCTV system including 6 cameras, 1 monitor and hard drive recorder, 2 upright single-door drinks display fridges (on loan Cocoa Cola & lucozade), upright single-door drinks display fridges, 2 metres open cool display unit, deep freeze, ice cream freezer, greeting card display stand..

* Stock room / Store room.

* Staff toilet with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease from a private landlord having approximately 21 years unexpired at a rental of £23,500 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £4,000 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The SELF CONTAINED accommodation in the form of a MAISONETTE over with FULL GAS FIRED CENTRAL HEATING, is at present let on shorthold tenancies and providing a total rental income of £2,000 per month, comprising: 4 bedsitting rooms at present let indi

Location:

Situated in a Parade, excellent main road trading position, residential and commercial area, Surrey.

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £8,000 p.w. Wholesale newsbill £900 p.w. Gross profit 24% approx. In addition there is an ATM machine (on loan)

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 7 a.m. - 11 p.m.
Sunday opening - 8 a.m. - 10 p.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.