London Properties Are Pleased To Offer To The Market Large Eastern European Convenience/off Licence With 4 First Floor Offices & Located On The Busy Market Street In Watford for Sale
Leasehold : £ 150,000
Turnover : £ 9,000 p.w.
London Properties are pleased to offer to the market large Eastern European Convenience/Off Licence with 4 first floor offices & located on the busy Market Street in Watford & close to the town centre, and a short walk from Intu Watford (Mall) Watford High Street and Watford Junction mainline railway station is within walking distance Junction 5 of the M1 - 3 miles distant. The newcomer or seasoned business owner to acquire a business in a unique position with exceptional potential & offering excellent scope to develop further as a fruit shop, fish market & butchers. Internal viewings are highly recommended through London Properties by appointment only.
LOCATION: Located on Market Street Watford Close to the town centre, and a short walk from Intu Watford (Mall) Watford High Street and Watford Junction mainline railway station is within walking distance Junction 5 of the M1 - 3 miles distant
DESCRIPTION: Off license/convenience store offers good sized frontage. The end of terrace, two storey brick property with a ground floor lock-up retail unit with 4 first floor offices upper parts and would suit a new or existing operator. The interior of the property offers a high specification design and layout and benefits from a range of storage shelves, large sales counter with cigarette kiosk, several large open chiller fridges, several large double chest freezer and CCTV.
PREMIUM: £150,000 for the benefit of the lease, fixtures & fittings.
RENTAL: £23,000 per annum
TERMS: The premises are held on a secure renewable lease with approximately 9 years unexpired
BUSINESS RATES: We have been advised by the client that the current rates payable are £11,000 per year. However, all interested parties are encouraged to make their own enquiries with Watford Council
SIZE: 2142 sq ft approximately
OPENING HOURS: Open 7 days a week 11:00 a.m - 22:00 p.m
STAFF: Owner managed with three staff
UPPER PARTS: 4 x First floor offices currently rented out with income of £11,000 per annum with 2 still empty & ready to rent.
TURNOVER: Current turnover in excess of £468,000 per annum.
ACCOUNTS: Are available on request
LEGAL COST: To be confirmed
LOCAL AUTHORITY: Watford
ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 99 - D Rating. A copy of this property’s energy performance certificate can be viewed at www.london-properties.co.uk as a pdf file.
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.
HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account
FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition
AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.
4. All rent prices, fees and charges are quoted exclusive of VAT
VIEWINGS: Through London Properties by appointment only
||Open 7 days a week 11:00 a.m - 22:00 p.m
||Owner managed with three staff
||4 x First floor offices currently rented out with income of £11,000 per annum with 2 still empty & ready to rent.
||The premises are held on a secure renewable lease with approximately 9 years unexpired