Shop for sale

Chapel Market, London, N1

Guide Price £35,000

Property Description

Commercial information

  • Business for sale

Key features

  • Traditional newsagent
  • Weekly taking approx. 5,000 plus Oyster sales
  • Excellent corner plot location
  • Potential to increase opening hours & stock

Full description

Tenure: Leasehold

DESCRIPTION
An ideal first time buyer opportunity to purchase this well established traditional newsagent situated in North London within a densely populated residential and operating from a prominent corner plot position within the main pedestrian area.

The area is subsequently a hive of activity throughout the day with continual footfall and activity ensuring the business attracts high levels of regular local and passing trade at all times although in our opinion trades with limited opening hours.

We have been advised Market News has been trading from the same location for over 30 years and has been owned by our client since 2010. During the current ownership the business has forged strong relationships with the community and enjoys a regular and loyal customer base.

This store is a thriving business and stocks a good selection of newspapers, magazines and a vast array of confectionary although still offers terrific scope for future growth and improvement with the introduction of alcohol and increased opening hours.
To fully appreciate this business opportunity, viewing is highly recommended.

WEEKLY SALES
Advised weekly takings in the region of 5,000 plus Oyster sales.

Current records and accounts can be inspected after viewing.

TRADING HOURS
Monday - Saturday 06:30 - 18:00
Sunday 07:00 - 15:00

STAFF
Managed by the owner.

PROPERTY
Highly visible corner plot premises situated at the entrance to the main pedestrian area among other independent retailers, national chains and various banks. The business offers ground floor retail space with rear storage and staff bathroom facilities.

TRADING AREAS
The sales area is fitted to a reasonable standard with a good range of fixed shelving, CCTV and refrigeration for soft drinks along with a small selection of pre packed sandwiches.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available.

TENURE
We are advised that the property is held on an original 12 year lease from April 2010 with an annual rent of 14,000 exclusive with rent reviews at 5 yearly intervals.

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

SUMMARY
An excellent opportunity to purchase a successful business situated in a densely populated residential and commercial area within the town centre. To avoid disappointment, viewing is highly recommended.

More information from this agent

Nearest stations

  • Angel (0.2 mi)
  • Kings Cross Thameslink (0.4 mi)
  • King's Cross (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

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

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

  • Angel (0.2 mi)
  • Kings Cross Thameslink (0.4 mi)
  • King's Cross (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

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

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 43403. 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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