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Old Street, Shoreditch, EC1V Let Agreed - £75,000 pa

Shop Let Agreed in Shoreditch - £75,000 pa

A highly profitable and established business trading as Nisa Local supermarket, located on vibrant Old Street in Shoreditch and in close proximity to Hoxton Square. Measuring in excess of 2100 sq ft comprising of ground floor retail space and basement storage/ toilets, there is further potential to increase the ground floor space (for larger retailers) by extending to the rear SPP and freeholders consent.
We have been advised by our client that turnover of the business is;

SALES: £30,000/week approx
2 Cash points income: £50,000pa
Additional Nisa Local Rebate: £5000pa
Total Annual Sales: £1.6m to 1.8m pa approx
Gross Income: £400,000pa approx

RENT: £75000pa
LEASE Remaining: 12 Years
RATES: £18000pa approx (Please refer to Council)
GROUND Floor Area: 1700sqft approx
BASEMENT: 350 sqft approx
TOTAL AREA: 2050 sqft approx

Business Type: Off License Shop / Grocery
License: A1

TIMINGS:
Sunday to Wednesday: 6:am to 12:00am
Thursday: 6:00am to 3:00am
Friday and Saturday: 6:00am to 4:00am

Premium: £330,000 All stock held at the time will be valued and negotiated separately.


Click below for larger image

Floor Plan 1

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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