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36 Advert ID 15667   Sellers Ref : M2563
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Old established quality CHILDREN'S SHOES plus BALLET WEAR For Sale

Businesses for sale from Nationwide Businesses Ltd
Business Summary:


* Location : London
* Town : South London
* Accommodation : YES - 4 beds
* Turnover : £ 1,500 p.w.

* Leasehold Price : £ 70,000

Agent :  Nationwide Businesses Ltd


 

Description : Forecourt area to -

SPACIOUS DOUBLE FRONTED SALES SHOP approx. 450 sq. ft. sales area, fully carpeted. Air conditioned. Well equipped including glass display counter, drawer till, wooden shelving, customer's seating etc.

Staff cloakroom with w.c. and wash hand basin

Stairs to large basement used for storage purposes
   
Location : Situated in a parade, prime main road trading position, LONDON, SW
   
Trading Hours : Monday - Friday inclusive - 9.30 a.m. - 6 p.m.
Saturday opening - 9.30 a.m. - 5 p.m.
NO SUNDAY TRADING
The business is also closed on all bank holidays
   
Staffing : The business is at present operated by the vendor with the assistance of 2 part time staff.
   
Accommodation : The accommodation in the form of a SELF CONTAINED MAISONETTE over, all recently refurbished and with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of £21,600 p.a. (after the Agents Management Fees). The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:

4 Bedrooms (3 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin (new suite)
Large Lounge with fitted kitchen are
   
Tenure : We understand the entire premises are held on a new 25 years from October, 2007 at a rental of only £20,000 p.a. exclusive of rates up to October, 2012, with rent review at that time and thereafter every 5 years.

As will be appreciated with the net rental income of £21,600 p.a. there is in indeed an overall profit rental at the present time of £1,600 p.a. exclusive of rates.

THIS OLD ESTABLISHED SHOE SHOP HAS BEEN IN THE SAME HANDS SINCE 1984 AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


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