Retail Property (high street) for sale

90 Cumberland Road - E13

£120,000

Property Description

Commercial information

  • Business for sale

Key features

  • Excellent location
  • Weekly turnover £8,000 approx.
  • Good sized 2 bed accommodation
  • Viewing highly recommended

Full description

Tenure: Leasehold

Description
This is an excellent and very rare opportunity to purchase a very well, established convenience store with stunning potential for future growth. Occupying a corner plot trading position in East London.

This fantastic convenience store is located on a main road in the very heart of the area, alongside, a large number of quality residential dwellings and close to local educational facilities with some limited off road parking.

Having successfully operated as a retail outlet in the area and under current ownership for 37 years, this highly renowned business has earned excellent reputation for offering the finest general goods, beers, wines and spirits. These services always come with a warm, friendly and a very local service. The business therefore enjoys an extensive and loyal customer base attracting repeat trade from the immediate vicinity.

The business operates from highly visible single fronted premises, which is presented to a very high standard with an excellent range of fixtures and fitting to go with the good sized 2, bedroom accommodation. The business comes with a full cctv package.
T & M store’s is a thriving and lucrative family run business which is an essential part of the local community, offering a large selection of Wines, beers, spirits and a whole host of general goods, all offered to the local community and the passing trade. This business operates 7 days of the week. The business offers excellent scope for future growth and improvement and would therefore ideally suit an ambitious and energetic couple or family that have the opportunity to

extend and add to the stock already on offer at this excellent business. Theses enhancements will undoubtedly increase the already impressive weekly sales whilst also enabling the additional staffing levels to be kept to a minimum therefore maximising overall profitability.

This is a first class, high turnover, business opportunity with planning permission to convert to a restaurant giving it exc

Weekly Turnover
£8,000

Accounts
Accounts available upon request.

Trading Hours
Monday — Saturday 7.00am — 9.30pm
Sunday 8.00am — 8.00pm


Staff
Operated by the owner

Building External
Highly visible, single fronted corner premise. The main trading area covers the bottom floor with a small kitchen and storage to the rear.

Building Internal
The main serving and till areas for the business, are located to the right, upon entrance to the store. With a retail area covering the length and breadth of the store that comes with an excellent array of display shelving, display coolers and fridges to go with the sale.

Residential
The business comes with a good, sized 2 bedroom accommodations, complete with bathroom, kitchen and Living room. Access to the accommodation available from the street or through the retail area.

Tenure
We are advised that the business comes to market as a Leasehold with 3 years remaining and a rent of £2562.50 per quarter.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.


Summary
A fantastic opportunity to, purchase a highly profitable business with terrific potential for future growth and improvement. Viewing is highly recommended.


Nearest stations

  • Plaistow (0.7 mi)
  • Custom House (0.8 mi)
  • Prince Regent (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Plaistow (0.7 mi)
  • Custom House (0.8 mi)
  • Prince Regent (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 45783. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Kings. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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