Business Summary

Description: Comprising spacious double shop premises trading as a supermarket/ convenience store/ off-license.

The business sells a large range of groceries, frozen foods, tobacco, newspapers and publications, food and cleaning stuffs, beers, wines and spirits.

The business is well established with regular clientele and is open 24 hours, 7 days a week with a license to sell alcohol until midnight.

The premises is also equipped with a rear store, office and a yard for loading at the rear.

Full details of turnover available upon request to bona fide inquiries.

First Floor

Comprises residential accommodation arranged as 5 bed-sits currently let at £26,000 pa.

Lease: Available on a new Lease for a term of 25 years with 5 yearly rent reviews at £44,000 pa, including the 1st floor flat which has been converted into 5 bedsits.

Terms: £100,000 is sought for the goodwill, fixtures, fittings and equipment plus stock
at valuation.

Business Rates: London Borough of Redbridge. Rateable Value is £47,500. Rates payable for 2012/13 is approximately £21,000 pa. Interested parties should make their own enquires via the Local Authority or Valuation Office www.voa.gov.uk. Claridges cannot guarantee any figures.

Reference Charge: Claridges 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.


Viewing:
By Appointment only via
Claridges Commercial – 0845 205 0007

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