Asking price: £349,943

Sales revenue: £143,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
LOCATION: On a very busy roundabout location close to a major shopping centre, bus routes and tube station in zone 1

DESCRIPTION: A retail shopping mall consisting of 13 units of varying sizes let to produce gross income of approx £143,000 p.a. There is currently huge multi-million pound investment and regeneration being undertaken in the locality which can only improve the future potential of this investment business.

BUSINESS: The shopping mall was established in 2002 after major investment and renovation up to a high standard, including tiled flooring throughout, new wiring, fire alarm system, new wiring and automatic door entrances. Now well established creating excellent reliable investment income. We can arrange financing subject to status.

HOURS: 9am to 9pm Mon-Sat, 12pm to 8pm Sun

ACCOMM: There is no residential accommodation.

TENURE: Lease commenced in Dec 2002 for a term of 16 years and the current rent is £40,000 per annum with reviews every 4 years. Extendable lease and potential to purchase freehold.

RATES: Business rates payable are approx £8,000

Years established: 6

Employees: 2 Owners + 1 P/T

Trading hours: 9am to 9pm Mon-Sat, 12pm to 8pm Sun

Property: Leasehold

Lease terms
Lease commenced in Dec 2002 for a term of 16 years and the current rent is £40,000 per annum with reviews every 4 years. Extendable lease and potential to purchase freehold.

Location
On a very busy roundabout location close to a major shopping centre, bus routes and tube station in zone 1

Expansion potential
There is currently huge multi-million pound investment and regeneration being undertaken in the locality which can only improve the future potential of this investment business.

Support & training
Full handover support and training included in asking price.

Reasons for selling
Moving abroad

Related documents

		Compulsory Registration Form to Return Please

<< Back to businesses for sale list