Withdrawn
Property available on: 12/04/2017
- ZERO Business Rates
- 13 Year Open Lease (Renewable)
- Alcohol License
- Lottery and pay Point Facilities
- Weekly Turnover of £4,500- £5,000 per week
- Gross Margin 18-25%
We are proud to present this amazing A1 Commercial Lease Assignment located on a busy road in Romford. This long established business has been running here for the past 5 years and has proved to be extremely popular in the area
Located a short 5 minute walk from Romford Overground Station this property Is surrounded by residential properties. This property is known locally as the Wine Mill and offers great storage and rear access to the property. Due to the owners, vast knowledge in Alcohol products as well as his friendly persona this business has a substantial number of loyal customers. This business is known for stocking exclusive whisky, wines and liquors which can only be found here.
A spacious A1 usage licence Off Licence shop located on Victoria Road, Walthamstow a few moments away from Romford Station offering over 650 sq. ft. in space. This property offers 2 Parking spaces in front of its Glass Fronted shop. The business has an opening time from 10 am - 11 pm the business offers customers full lottery and pay point access. The seller is offering this open lease with 13 years remaining. This business is currently generating £4,500 - £5,000 per week with a yearly Gross Margin of 18 - 25 %. This premises has a yearly rent of £13,000 per annum with ZERO business rates. The seller is seeking a figure of £58,000 for goodwill, fixture and fittings.
Accommodation
Shop Front - 15.04 ft. Wide
Shop Floor - 30.94 ft. x 15.04 ft. (approx.)
Storage 1 - 10.19 ft. x 9.57 ft. (approx.)
Storage 2 - 11.22 ft x 10.19 ft (approx.)
Tenure
Leasehold/New Lease - £13,000 per annum.
Our client wishes to offer a Lease with a term of 13 years remaining (renewable lease).
Premium
Our client seeks a premium of £58,000 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 there are ZERO rates for this business. However, interested parties are encouraged to make their own enquiries with the local authority.
