4. Property for sale in West Ham, E15

Property for sale in West Ham, E15

Fairland Road, London, E15

£25,000

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  REQUEST DETAILS

Agent details

This property is listed with:
Ram Estate Agent
713 Cranbrook Road, Gants Hill, Ilford, Essex, IG2
Telephone:
020 8550 8788

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Overview ›

Full Details for Property for sale in West Ham, E15 :

Full description


***Well Established; Residential Footfall; Off Licence Corner Store***

---Features---
- Well Established Off Licence Corner Store
- Trading for more than 60+ Years
- Around 500 sq ft Floor-space
- Large Cellar Storage
- Fitted Shop including Display Stands, Shelving, Two Coolers (Used for Drinks & Dairy)
- Modern Adjustable Shelving
- Modern Point of Sale
- CCTV System with 4 Cameras and Recording

---Turnover---

BASED ON THE INFORMATION PROVIDED to us the estimated weekly turnover averages around £5,000 from the sale of alcohol, drinks, confectionary, grocery and, PayZone on commission basis. In our opinion the shop benefits from the local residential footfall and has a further potential to increase business. We are further advised that the gross profit is in the region of 40%. The business also has the potential to increase turnover by introducing Cash Machine, PayPoint, Oyster Terminal, News Paper deliveries and National Lottery.

---Staff---
At present the shop is operated by the vendor with the assistance two more part time staff.

---OPENING HOURS---

Monday to Sunday: 10.30am to 10.30pm
Sales could be increased by opening the shop early as the Licence permits opening hours from 8am to 11pm

---Accommodation---

The Freeholder has rented out the above apartment which has an access through the side of the building.

---Outside---

On Street parking in the front and a garden with a storage extension to the rear

---Tenure---

We understand the entire premises are held on a secure renewable lease and a brand new lease would be agreed for 15 years at a rental of £10,000 p.a. exclusive of rates.No Rates are applicable due to Small Business Relief, which is to be effective till 2016.

---Price---

ASKING PRICE INCLUDING THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS IS £25,000, plus STOCK AT VALUATION (£8,000 approx)

EARLY INSPECTION IS HIGHLY RECOMMENDED

---Viewing---

Strictly through RAM Estate Agents. Call Us for more information or to schedule a viewing straight away.

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Sold Prices ›

House Prices for houses sold in E15 4AF

Stations Nearby

Forest Gate
0.7 miles
Maryland
0.4 miles
Stratford
0.7 miles

Schools Nearby

John F Kennedy Special School
0.5 miles
School 21
0.5 miles
East London Independent Special School
0.5 miles
Earlham Primary School
0.4 miles
West Ham Church Primary School
0.4 miles
Park Primary School
0.0 miles
Education Links
0.3 miles
Sarah Bonnell School
0.2 miles
Azhar Academy
0.3 miles