Essex - 0 bed - £39,950 - Dedman Residential

Property details

Bedrooms: 0

DESCRIPTION:
A compact, well organised & attractive Newsagents Confectioners Tobacconists & Convenience Store occupying a sought after Broadway position at Leigh On Sea Essex. This represents an ideal opportunity for a husband & wife team or first timers.

Location The property occupies a sought after location on The Broadway at Leigh On Sea Essex.

Property The ground floor extends to approx 620 sq.ft. Aluminium shop front leading to the principal trading area which has display shelving to both flank walls, as well as a central display gondola. Rear service counter and access to a store, ample in size for the exiting business, and then to a rear kitchen area. The shop is comprehensively equipped including: ice cream chest fridge, cold food display & 2 double door glass fronted cold drinks fridges.

Turnover Approx £4,500-£5,000 per week increasing up to £6,000 per week during the summer months. Other income from a Dry Cleaning service (£30 per month), Lotto (£100 per week) Payzone (£30 per month). Weekly newsbill £1,200 with 3 rounds.

Hours Monday-Saturday 6am till 6pm. Sunday 6am till 1pm.

Tenure The lease was granted for 8 years from October 2004. Current rent £9,000 per annum. The landlord is willing to grant a new lease now, for a term of 16 years, at a commencing rent of £10,800 per annum.

Rates Approx £2,500 per annum.

Equipment All the fixtures and fittings are included in the asking price.

Stock The stock will be valued at completion.

Additional Information The self contained flat above, with 2 bedrooms etc, is also available on an assured shorthold tenancy at a rent of £795 per month.