Retail Property (out of town) for salePickford Lane, Bexleyheath, DA7
- DISCOUNT STORE / MAY SUIT OTHER RETAIL USES
- BUSY & POPULAR TRADING LOCATION
- WEEKLY SALES £2,500 - £3,000 (GP 50%)
- SALES AREA APPROACHING 575 SQ FT
- NEW LEASE - TERMS TO BE AGREED
- EPC RATING G
Bargain City forms part of a busy shopping centre in a densely populated residential area just off the Broadway. The premises are ideally situated in a prominent trading position next to a Co-op convenience store. The shopping centre has a mixture of predominately independent and specialist retailers. For customers there are parking bays along Pickford Lane and additional parking in adjacent side roads.
Bexleyheath has good road and rail communications with a mainline rail service in to London with a journey time of approximately 35 minutes to Charing Cross and Canon Street and 40 minutes to Victoria. Trunk road connections include the A2 linking London and the south and also connecting to the M25 and Dartford Crossing.
The subject business is that of a busy discount store. At the time of our inspection the shop was fitted and equipped for the sale of kitchen utensils, toiletries and household cleaners, greeting cards, DIY items, party balloons, banners and bags, toys and batteries. The business which was established in 2012 is run by one working owner with the assistance of his family. The shop is open to trade Monday - Saturday 9am through to 6pm.
The well-presented main retail area is approximately 573 square feet / 53.23 square meters with at the rear a door leading through to a store room which has a door to a staff toilet
We are advised that weekly sales range between £2,500 & £3,000 with a gross profit of approximately 50%.
A change of use to either A3 or A5 use would not be permitted.
We understand that break clause has been activated meaning that the current lease will be brought to an end in May 2017. We are informed that a new lease will be granted at a passing rental around £15,000pa.
We understand from Bexley Borough Council the rates payable 2015/2016 are £4512.00 and the rateable value is £9400.00
Energy Performance Certificates (EPCs)
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