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.
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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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