Retail Property (high street) for sale

10 Albert Road - E16

£900,000

Property Description

Commercial information

  • Business for sale

Key features

  • Excellent location
  • Annual turnover £780,000
  • Lock up
  • Viewing highly recommended

Full description

Tenure: Freehold

Description
This is an excellent and very rare opportunity to purchase a very well established family run convenience store with stunning potential for future growth. Occupying a main road trading position in 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, nearby local educational facilities and next to the newly developed Excel.

Having successfully operated as a retail outlet in the area and under current ownership for 20 years, this highly renowned business has earned excellent reputation for offering the finest general goods, beers, wines and spirits. These services alway 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 corner premises, which is presented to a very high standard, with an excellent range of fixtures and fittings to go with the sale. The business comes with a full cctv package.

Cromwell Stores is a thriving and lucrative business which is currently run by the owners and 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, therefore operating 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.

These 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 and viewing is therefore highly recommended to avoid disappointment.



Sales
The annual turnover is £780,000

Accounts
Accounts available upon request.

Trading Hours
The business is open 7 days
8.00am — 9.00pm

Staff
The business is operated by the owners.

Building External
Highly visible, corner premises. The main trading area covers the bottom floor with a WC and storage to the rear.

This is a lock up business.


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
A fantastic 2 bedroom apartment can be accesed from the main road. The apartment comes with a living area, kitchen and bathroom.

Tenure
We are advised that the business comes to market as a freehold.

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

  • London City Airport (0.2 mi)
  • Royal Albert (0.4 mi)
  • Pontoon Dock (0.6 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

  • London City Airport (0.2 mi)
  • Royal Albert (0.4 mi)
  • Pontoon Dock (0.6 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.

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