Convenience Store for sale

Selva, 68 Old Compton Street, London, W1D 4UJ

POA

Property Description

Commercial information

  • Business for sale

Key features

  • Advised Gross Profit Margins of 40%-45%
  • Advised 13,0000 weekly shop sales
  • Residential Flats above producing 42,000
  • New lease - 10 year term
  • Increased T.O via Lottery and Bus Pass
  • Loan available via Christie Finance, subject to status. Energy Rating D

Full description

Tenure: Leasehold

Description

The building is a mid terraced yellow brick property with ground floor wooden framed frontage.

Location

This prominently located A1 convenience store is within the heart of London`s busy and vibrant West End. The business is situated on Old Compton Street, surrounded by numerous thriving bars, nightclubs, corporate and independent retail units and restaurants. The area experiences exceptionally high footfall. The prominent location benefits from three nearby tube stations, Piccadilly Circus, Leicester Square and Covent Garden (Piccadilly Line & Northern Line).

Internal Details

The interior of the property contains a range of shelving, fridges, a cigarette gantry, CCTV and serving counter. There is a ground floor sales area of 280 sq ft (according to VOA) with a basement storage area of 230 sq ft (according to VOA). The owners have made good use of the limited space.

Fixtures & Fittings

We have been advised that all fixtures and fittings are owned outright and will be included in the sale.

External Details

Bold signage listing the appropriate products sold at the premises.

The Opportunity

Selva`s forms part of a multiple of convenience stores located within London. Due to the vendor’s trade experience & knowledge, the business has exceptional profit margins; this is complemented by the range of products sold and prices charged. The business is highly profitable with limited competition in the surrounding
area. The business does not currently offer Lottery, Buss Pass or PayPoint, a comfortable increase in turnover & profits could be achieved, if commissions were introduced.

Staff

The business is currently operated by full time & part time members of staff

Trading Information

We have been advised the current weekly shop sales are in the region of £13,000 with an average gross profit margin of 40% - 45% across all products sold.

Trading Hours

24 hour Monday – Sunday

Business Rates

Rates payable are in the region £20,000 per annum. The Rateable Value is £49,750,000 (VOA) for the year commencing April 2010.

Regulatory

Premises License.


More information from this agent

Nearest stations

  • Piccadilly Circus (0.2 mi)
  • Leicester Square (0.2 mi)
  • Tottenham Court Road (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , London

Whitefriars House 6 Carmelite Street, London, EC4Y 0BS

020 3858 2841 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

  • Piccadilly Circus (0.2 mi)
  • Leicester Square (0.2 mi)
  • Tottenham Court Road (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , London

Whitefriars House 6 Carmelite Street, London, EC4Y 0BS

020 3858 2841 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 2411424-lh. 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 Christie & Co , London. 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.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

Map data OpenStreetMap contributors.