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Full Free Off Licence, Counter News, Confectionery, Tobacco, Convenience Groceries Reduced For Early Sale To 125,000 Plus Stock At Valuation for Sale

East London, London


10 bedroom

Leasehold : 125,000
Turnover : 13,000 p.w.

Situated in a parade, excellent main road trading position, sought after residential & commercial area, EAST LONDON

WE ARE INFORMED the turnover currently averages 13,000 p.w. increasing in our opinion offering terrific potential for further increase in the right hands & especiall with the introduction of additional stock & possibly introducing a fruit & vegetable display section. Wholesale newsbill 270 p.w. We are advised by the present vendor that the gross profit is in the region of 25/30% approx.

Accommodation: The SPACIOUS living accommodation comprises 2 MAISONETTES

Maisonette No. 1. with Night Storage Heating, comprises:

1 Double Bedroom with en suite shower room with shower, w.c. & wash hand basin
3 Additional Double Bedrooms
Boxroom
Bathroom with bath, w.c. & wash hand basin

Second Maisonette with no central heating comprises:

5 Double Bedrooms
Bathroom with bath, wash hand basin
Separate w.c.

In addition on the ground floor is a STUDIO FLAT comprising:
Bedroom
Shower room with shower, w.c. & wash hand basin
Lounge/kitchen area

The studio flat is currently let and provides a rental income of 720 per month including electricity bills. In respect of the 2 maisonettes 8 of the rooms are currently let and provide a total rental income of 1,015 per week. As will be appreciated should the 2 further rooms be let the rental income would increase. The rooms are let on the basis of the shopkeeper paying all the electricity & water rates. As will be appreciated the 8 rooms at present let are producing a rental income of 52,780 p.a. plus and additional 8,640 rental income from the studio flat that is currently let providing an overal rental ioncome of 61,420.
 
Tenure: TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES & FITTINGS 125,000 plus STOCK AT VALUATION (30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
 
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184 Advert ID 42407    Sellers Ref : G6905/BSOL

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