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London Properties Are Pleased To Offer To The Market This Well Established Convenience Store The Subject Business Is Located To The South East Entrance Of Waterloo Train Station for Sale

South London, London

Leasehold : £ 70,000
Turnover : £ 8,520 p.w.

London Properties are pleased to offer to the market this well established convenience store. The subject business is located to the south east entrance of Waterloo train station. Waterloo is one of Londonís major railway and underground stations. Located within the vicinity of one of the UK's busiest transport hubs, convenience store offers good sized frontage in an enviable location. The mid terrace, four storey brick property with a ground floor lock-up retail unit, 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, two large open chiller fridges, four single fridges, two large double chest freezer and CCTV. Internal viewings are highly recommended through London Properties by appointment.

LOCATION: The premises are prominently located on a enviable trading position on Lower Marsh in Waterloo & directly opposite Johanna Primary School and currently trading as a well established convenience store. The subject business is located to the south east entrance of Waterloo train station. Waterloo is one of Londonís major railway and underground stations

DESCRIPTION: Located within the vicinity of one of the UKís busiest transport hubs, convenience store offers good sized frontage in an enviable location. The mid terrace, four storey brick property with a ground floor lock-up retail unit, would suit a new or existing operator. The interior of the property offers a high specification design and layout and and benefits from a range of storage shelves, large sales counter with cigarette kiosk, two large open chiller fridges, four single fridges, two large double chest freezer and CCTV.

BUSINESS: Renowned family runs business that has established itself for over 30 years. The business currently has strong profit margins; this is complemented by the range of products sold. The business receives a regular and steady income from commissions such as Lottery, Western Union, Oyster and PayPoint. There is the opportunity for growth through Sunday trading, as well as extending weekly hours. Our clients are looking to retire after operating the shop for 30 years.

USES: A1/A2 with alcohal licence.

PREMIUM: £70,000 for the benefit of the lease, fixture & fittings

RENTAL: £34,500 per annum

TERMS: Landlord &Tenant 1954 protected lease with 2 and half lease remaining

BUSINESS RATES: We have been advised that the business rates are £15,000 per annum. Interested parties are advised to make their own enquiries to the local authority

SIZE: Approximately 1345 sq ft

OPENING HOURS: 7.30am - 6.30pm Monday - Saturday Closed - Sunday Alcohol Licence 8.00am - 11.00pm

STAFF: Owner managed with the addition of full time & part time members of staff.

TURNOVER: Current turnover in excess of £416,000 per annum with the addition of £27,000 commissions received per annum

ACCOUNTS: Available on request

LEGAL COST: To be confirmed

LOCAL AUTHORITY: Lambeth

ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 63 - C Rating. A copy of this propertyís energy performance certificate is available on request.

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


Trading Hours: 7.30am - 6.30pm Monday - Saturday Closed - Sunday Alcohol Licence 8.00am - 11.00pm
 
Staffing: Owner managed with the addition of full time & part time members of staff
 
Tenure: £70,000 for the benefit of the lease, fixture & fittings
 
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337 Advert ID 48816    Sellers Ref : SE1 7AB/BSOL

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