London Properties Are Pleased To Offer To The Market This Excellent Opportunity To Purchase A Well Established Newsagent/off Licence Situated On Crouch Hill And This Commercial Retail Shop Are Situated On A Busy Parade Of Shops In Sought After Area Of Crouch End The High Street Offers An Excellent Selection Of Amenities As The Shops, Bars And Restaurants And Benefits From High Footfall The Shop Comprises Of Ground Floor Shop, Kitchen, Toilet, Storage Room, Rear Yard, Internet And Cctv System Furthermore, The Shop Benefits From Oyster Card And Lottery Machines We Have Been Advised By Our Client That The Combined Weekly Income From The Machines And Grocery Is Approximately £13,000! The Property Is Located Only 05 Miles Away From Crouch Hill Station (london Overground) Providing Convenient Connection To The London Underground And The Rest Of City The High Street Is Also Easily Accessible By Car Via A503 And A1201 Our Client Advised Us That The Shop’s Weekly Income Is Approximatel for Sale
Crouch End, London
Leasehold : £ 42,250
Turnover : £ 13,000 p.w.
The premises are prominently located on Crouch Hill and this commercial retail shop is situated on a busy parade of shops in sought after area of Crouch End. The High Street offers an excellent selection of amenities as the shops, bars and restaurants and benefits from high footfall.
DESCRIPTION: The shop comprises of ground floor shop, kitchen, toilet, storage room, rear yard, internet and CCTV system. Furthermore, the shop benefits from oyster card and lottery machines. We have been advised by our client that the combined weekly income from the machines and grocery is approximately £13,000!. The property is located only 0.5 miles away from Crouch Hill station (London Overground) providing convenient connection to the London Underground and the rest of City. The high street is also easily accessible by car via A503 and A1201. Our client advised us that the shop’s weekly income is approximately £4,500 for grocery, £3,500 for lottery and £3,000-£5,000 for oyster cards.
TERMS: The Property is held under a lease with approximately 11 years unexpired at an annual rent of £14,000 until the next rent review in January 2017.
PREMIUM: £42,250 for the benefit of the lease, fixtures & fittings.
BUSINESS RATES: We have been advised by the client that the current rates payable are £7,560 per year. However, all interested parties are encouraged to make their own enquiries with Borough of Islington
RENTAL: £14,000 per annum
OPENING HOURS: Monday - Sunday 07:00 a.m - 23:00 p.m & the property benefits from a 24 Hour license for the sale of alcohol.
TURNOVER: Current turnover in the region of £676,000 per annum with scope to increase with opening 24 hours.
STOCK: Approximately £25,000
STAFF: Owner run
SIZE: Approximately 855 sq ft
UTILITIES: All main services are connected
LOCAL AUTHORITY: Islington
LEGAL COSTS: To be confirmed
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
||Monday - Sunday 07:00 a.m - 23:00 p.m & the property benefits from a 24 Hour license for the sale of alcohol.
||The Property is held under a lease with approximately 11 years unexpired at an annual rent of £14,000 until the next rent review in January 2017.