Retail premises for sale
Open House Maida Vale are proud to present a retail unit/shop on Sutherland Avenue London.
The shop benefits from 24/7 opening time, excellent location on the main busy road.
The area is busy throughout the day as the business is surrounded by a large number of residential dwellings along with independent retailers.
We are informed the turnover currently averages £4000.00 - £4500.00 P.W., these are averages sales, each week can go up and down.
There is a lot of potential in this business, it offers terrific scope for future growth and improvement and would therefore ideally suit an energetic family unit who can develop the business to its full potential which will undoubtedly increase the weekly sales.
The main retail sales area is good size and stocks a selection of every goods and has a around 4 fridges and 2 freezers in good working orders.
We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 12 years unexpired with a rental of £1500 per calendar month. Exclusive of rates. Uniform business rates: Currently Nil payable after small business relief.
The business is at present operated by the vendor with the assistance of two other staff.
Business rates: £12,000 per year
lease: approximately 12 years unexpired.
Rent £18,000 per year
Premium £55,000 (including fitting and fixtures + stock)
* (We have been unable to check this information and advice prospective purchasers to consult their own solicitor for verification)
* Strictly viewing by appointment