Freehold Off Licence With Three Flats In London For Sale - City / East London Border, London, United Kingdom Advert Ref: OL2752L
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Business description
Freehold off-licence with 3 flats – prime london e1 position.
LOCATION: Occupies a prime main road position with virtually continuous passing trade for much of the day. The property is in a highly sought after area just a short distance from City.
DESCRIPTION: Mid-parade property is arranged on ground floor and basement levels and there are 3 flats over 2 floors above the shop. The frontage is approx 13’-0” wide secured by electrically operated roller shutters. Internally the 530 sq ft ground floor comprises a well fitted front sales section with kitchenette/store and toilet/washroom at the rear. Stairs from the kitchenette/store descends to a 370 sq ft basement stock room which is fully shelved and recently refurbished. The ground floor and basement are fully alarmed (Red Care).
EQUIPMENT: Fully fitted and equipped for present trade.
BUSINESS: In same hands since 1988 and is only for sale as the owner wishes to retire. Is staff-run and we are informed is taking £12,000 per week. Plus £150 per week commission (clear profit) from paypoint and bus pass sales. In addition, there is rental income of £26,000 per annum from flats. Flats are always occupied as property is in a sought after, convenient location.
HOURS: Mon-Sat 9.30 am to 11.00 pm; Sun 10.00 am to 10.00 pm.
ACCOMM: Separate front entrance; Gas central heating; double glazing; new re-wiring and new tiled roof in Jan 2005.
First Floor: - Front studio flat with living/bedroom, kitchenette, shower room/toilet.
First Floor: - Rear studio flat with living/bedroom, kitchenette, shower room/toilet.
Second Floor: - Flat with living room, kitchen, double bedroom, shower room/toilet.
TENURE: Freehold.
RATES: Business rates payable are approx £3,700 per annum.
STOCK: Approx £50,000. Years established: 1988
Employees: 2 Full time + Owner Part Time
Trading hours: Mon-Sat 9.30 am to 11.00 pm; Sun 10.00 am to 10.00 pm.
Property
Leasehold Lease terms
Separate front entrance; Gas central heating; double glazing; new re-wiring and new tiled roof in Jan 2005. First Floor: - Front studio flat with living/bedroom, kitchenette, shower room/toilet. First Floor: - Rear studio flat with living/bedroom, kitchenette, shower room/toilet. Second Floor: - Flat with living room, kitchen, double bedroom, shower room/toilet. Living accomodation
Separate front entrance; Gas central heating; double glazing; new re-wiring and new tiled roof in Jan 2005. First Floor: - Front studio flat with living/bedroom, kitchenette, shower room/toilet. First Floor: - Rear studio flat with living/bedroom, kitchenette, shower room/toilet. Second Floor: - Flat with living room, kitchen, double bedroom, shower room/toilet. Location
Occupies a prime main road position with virtually continuous passing trade for much of the day. The property is in a highly sought after area just a short distance from City. Competition / Market
The property is in a highly sought after area just a short distance from City. Support & training
Full support and training included Reasons for selling
Retirement Financing available?
Yes finance arranged for the right buyer Related documents
Compulsory Registration Form
LOCATION: Occupies a prime main road position with virtually continuous passing trade for much of the day. The property is in a highly sought after area just a short distance from City.
DESCRIPTION: Mid-parade property is arranged on ground floor and basement levels and there are 3 flats over 2 floors above the shop. The frontage is approx 13’-0” wide secured by electrically operated roller shutters. Internally the 530 sq ft ground floor comprises a well fitted front sales section with kitchenette/store and toilet/washroom at the rear. Stairs from the kitchenette/store descends to a 370 sq ft basement stock room which is fully shelved and recently refurbished. The ground floor and basement are fully alarmed (Red Care).
EQUIPMENT: Fully fitted and equipped for present trade.
BUSINESS: In same hands since 1988 and is only for sale as the owner wishes to retire. Is staff-run and we are informed is taking £12,000 per week. Plus £150 per week commission (clear profit) from paypoint and bus pass sales. In addition, there is rental income of £26,000 per annum from flats. Flats are always occupied as property is in a sought after, convenient location.
HOURS: Mon-Sat 9.30 am to 11.00 pm; Sun 10.00 am to 10.00 pm.
ACCOMM: Separate front entrance; Gas central heating; double glazing; new re-wiring and new tiled roof in Jan 2005.
First Floor: - Front studio flat with living/bedroom, kitchenette, shower room/toilet.
First Floor: - Rear studio flat with living/bedroom, kitchenette, shower room/toilet.
Second Floor: - Flat with living room, kitchen, double bedroom, shower room/toilet.
TENURE: Freehold.
RATES: Business rates payable are approx £3,700 per annum.
STOCK: Approx £50,000.
Employees: 2 Full time + Owner Part Time
Trading hours: Mon-Sat 9.30 am to 11.00 pm; Sun 10.00 am to 10.00 pm.
Leasehold
Separate front entrance; Gas central heating; double glazing; new re-wiring and new tiled roof in Jan 2005. First Floor: - Front studio flat with living/bedroom, kitchenette, shower room/toilet. First Floor: - Rear studio flat with living/bedroom, kitchenette, shower room/toilet. Second Floor: - Flat with living room, kitchen, double bedroom, shower room/toilet.
Separate front entrance; Gas central heating; double glazing; new re-wiring and new tiled roof in Jan 2005. First Floor: - Front studio flat with living/bedroom, kitchenette, shower room/toilet. First Floor: - Rear studio flat with living/bedroom, kitchenette, shower room/toilet. Second Floor: - Flat with living room, kitchen, double bedroom, shower room/toilet.
Occupies a prime main road position with virtually continuous passing trade for much of the day. The property is in a highly sought after area just a short distance from City.
The property is in a highly sought after area just a short distance from City.
Full support and training included
Retirement
Yes finance arranged for the right buyer
Compulsory Registration FormFinancial Details
Asking price:
£1,099,950
Sales revenue:
£657,800
Inventory value:
£50,000
£1,099,950
£657,800
£50,000