Let agreed
Property available on: 01/03/2017
- Large A1 Usage Off License
- Over 1,100 Sq.Ft.
- Cash Machine Generates £3,500 - £4,000 per year
- Alcohol Licensing
- Parking Spaces for 2 Cars
- New Lease Being Offered
- High Footfall
- Corner Property High Visibility
We are proud to present this large A1 Retail unit measuring over 1,100 sq. ft, a popular established family business situated on High Road offering a vast amount of footfall both night and day.
This location offers plentiful restaurants, bars, travel facilities local schools both secondary, nursery and churches nearby all available within easy walking distance such as Tesco, Fish Bars and cafes and well popular restaurants near. The nearest underground and railway stations are South Woodford Station which is only a 10 minutes' walk away from the property and Woodford Station with a walking distance of 15 minutes by transport it would take 10 minutes maximum. Known as The Wine Mill this property is positioned in and the corner of the road, advantages include a clear sight for potential customers giving it great exposure with both sides of the shop easily visible, the row of shops has a strong reputation for which it has built over many years it has been attracting customers from all background as it provides high quality products.
A spacious A1 usage licence shop located on High Road, Walthamstow a few moments away from South Woodford Station offering a large shop floor. Glass fronted this property offers great visibility as it is also located on the corner. This ensures many passers by noticing this premises. The premises has an opening license from 6am-12pm Monday to Sunday including CCTV cameras which are run 24/7. The business has been running for many years and is extremely popular within the area with the position it is placed at with alcohol licence. Currently the shop is generating over £4,000-£5,000 per week due to its good reputation and due to the heavy footfall on this prime High Street. Annually the shop cash machine generates £3,500-£4,000 The Seller seeks to appoint an open new lease which can be negotiable. The current rent for this property is £17,000 per annum and the seller is seeking £90,000 premium for goodwill, fixtures and fittings.
Accommodation
Shop Front - 32.7 ft. Wide (V Angle property)
Shop Floor - 27.15 ft. x 32.7 (approx.)
Storage - 27.59 ft. x 12.08 (approx.)
Tenure
Leasehold/New Lease - £17,000 per annum.
Our client wishes to offer a New Lease which is negotiable (renewable lease).
Premium
Our client seeks a premium of £90,000 for goodwill, fixtures and fittings.
Legal fees
The incoming tenant is to bear their own legal costs as well as the landlords. The seller will bear his own legal costs.
Rates
We have been advised that the rates payable is £6,200 per year. However, interested parties are encouraged to make their own enquiries with the local authority.
