Superb North London Newsagent Convenience Store With Flat For Sale

Business description

Newsagent/Greeting Cards + 2-Bed Flat – N London High St

LOCATION: Well positioned on busy north London high street with excellent passing trade and is close to major multiple stores. Lots of bus routes pass.

DESCRIPTION: Mid-parade premises is arranged on ground floor and basement levels and there is self contained living accommodation on two floors above. The gross frontage is 16’-6” wide and is secured by roller shutters. Internally the 460 sq ft ground floor sales section is bright and attractive with panelled walls, mounted fluorescent lighting. A stairway at the rear descends to a 510 sq ft basement with 3 store rooms, plus a toilet, and the basement has an exit door out to a small walled garden at the back.

EQUIPMENT: The premises is fully fitted and equipped for present use.

BUSINESS: Is run by husband and wife team and in same hands since 1991. We are informed is taking £5,500 per week with a gross profit margin of 30%. Plus £1,500 per week from Payzone, £600 per week from E top-up and £2,000 per week on Oyster. In addition, there is £12,000 per annum rental income from letting flat above.

HOURS: Mon-Sun 7.00 am to 7.00 pm.

ACCOMM: Separate front entrance. Central Heating.
First Floor: - Living room; kitchen/breakfast room; toilet.
Second Floor:-Double bedroom; single bedroom; bathroom/toilet.

TENURE: Lease commenced in December 2008 for a term of 20 years and the current rent is £22,500 per annum with reviews every 5 years.

RATES: Business rates payable are approx £3,400 per annum.

Property information

Property:

Leasehold

Lease terms:

Lease commenced in December 2008 for a term of 20 years and the current rent is £22,500 per annum with reviews every 5 years.

Leasehold rent:

£22,500 per annum

Living accommodation:

Separate front entrance. Central Heating. First Floor: - Living room; kitchen/breakfast room; toilet. Second Floor:-Double bedroom; single bedroom; bathroom/toilet.

Location:

Well positioned on busy north London high street with excellent passing trade and is close to major multiple stores. Lots of bus routes pass.

Business Operation

Reasons for selling:

Retiring after 17 years

Trading hours:

Mon-Sun 7.00 am to 7.00 pm.

Employees:

Husband & Wife

Years established:

1991

Other information

Support & training:

Full handover support and training included in asking price.

Inventory / Stock value:

£15,000

Related documents:

• 
• Compulsory Registration Form to Return Please