| (REF: G5748) Spacious Freehold Premises |
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| Seller Reference: |
G5748 |
| B4S Reference: |
20192 |
| Asking Price: |
£470,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£208,000 |
| Number of Staff: |
3 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
South London, London, United Kingdom |
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Nationwide are pleased to offer to the market : The premises have been in the same hands for the past 11 years and at present is utilized as a Retail Shop selling African & Tropical Foods with the benefit of a Full On & Off Licence and with the rear section operated as a Café. It will be appreciated upon inspection that the entire property requires refurbishment and modernisation and we understand that planning permission exists for an additional floor being added to provide further accommodation.
Full Gas Fired Central Heating
SPACIOUS SINGLE FRONTED SALES SHOP approx. 16ft frontage by in the region of 100ft depth. Front section with counter, electric cash register, tripple fronted glass fronted display fridge, 1 deep freeze, display stands, shelving etc.
A small front area of the shop is let and utilized for the sale of watches, mobile phones, phone cards etc. We understand the person operating that business pays a renta of £70 p.w.
REAR SECTION operated as a CAFÉ with fixed tables and chairs providing seating for 30 persons.
Kitchen with 2 extractor units, 6-burner gas cooker, charcoal grill, double deep fryer, 1 deep freeze, sink etc.
To the rear of the shop is also a section utilized as a UNISEX HAIRDRESSERS, we understand the present owner received a rental for this section of £70 p.w.
Ladies and gentlemens cloakrooms each with w.c. and wash hand basin
IN OUR OPINION IN VIEW OF THE EXCELLENT MAIN ROAD TRADING POSITION BEING SITUATED IN THIS DENSELY POPULATED COMMERCIAL AREA, THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR DEVELOPMENT.
OBVIOUSLY AS WILL BE APPRECIATED UPON INSPECTION THE SHOP PREMISES REQUIRE COMPLETED MODERNISATION AND REFURBISHMENT AND IN OUR OPINION COULD BE OPERATED AS A SELF SERVICE CONVENIENCE STORE AND WITH THE DEVELOPMENT OF THE SALE OF WINES, BEERS AND SPRITS.
ALTERNATIVELY IN OUR OPINON IN VIEW OF THE SIZE OF THE PREMISES, SUBJECT TO OBTAINING PLANNING PERMISSION FOR THE TOTAL AREA TO BE USED AS A3, THERE IS POTENTIAL TO ESTABLISH A PROFITABLE CATERING BUSINESS. OBVIOUSLY THIS IS SUBJECT TO OBTAINING THE NECESSARY PLANNING PERMISSION.
WE ARE INFORMED the turnover averages £4,000/£5,000 p.w. from the retail shop and café. Gross profit 22/25%.
Uniform Business Rates: £8,000 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS FREEHOLD PROPERTY WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL IN THE RIGHT HANDS.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £470,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Entrance from the Ground Floor to
First Floor -
Kitchen
2 Rooms (could be utilized as double bedrooms)
Stairs to Second Floor comprising
Large Double Bedroom
Shower Room with shower, wash hand basin
Separate small bathroom with bath, wash hand basin
Separate w.c. and wash hand basin
Again as will be appreciated upon inspection the accommodation requires complete modernisation and refurbishment.
We further understand that planning permission has been granted to build further accommodation as third floor extension. In our opinion the development potential of the property is tremendous, subject obviously to all the necessary planning permissions.
Rear yard with large container, can be used for storage purposes, if required. |
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Location: |
Situated in a parade, excellent main road trading position, densely populated commercial area, not far from the LONDON, SE |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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10 a.m. - 10 p.m. seven days per week |
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The business is at present operated by the vendor with the assistance of 2 full time and 2 part time staff. |
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