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Retail Property (high street) for sale

99 Chapel Market - N1


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

An ideal first time buyer opportunity to purchase this well established traditional newsagent situated in North London situated 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.
Offers in Region of £45,000

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

Current records and accounts can be inspected after viewing.

Monday — Saturday 06:30 — 18:00
Sunday 07:00 — 15:00

Managed by the owner.

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.

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.

There is no residential accommodation for owners/management available.

We are advised that the property is held on an original 12 year lease from April 2010 with an annual rent of £17,000 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.

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.

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