Shop for sale

The Mall, The Stratford Centre, London, E15

Guide Price £180,000

Property Description

Commercial information

  • Business for sale

Key features

  • High turnover newsagents with potential for future growth
  • Average weekly sales 18,000 plus high commission income
  • Prime position within an extremely busy shopping centre
  • Substantial passing trade / spacious sales area

Full description

Tenure: Leasehold

Stratford Centre is a shopping Mall in Stratford, London and was opened 1974. The centre has open access 24 hours a day as it is a Public right of way, although most of the shops close at night. It is situated opposite the busy Stratford Railway Station and the bus station, where many people use it to cut through.

The subject business enjoys a prominent trading position with other nearby businesses including Card Factory, Body Shop, Clarks, Macdonalds, Superdrug, Holland & Barrett and Costa Coffee.

The current owners acquired this business in November 2007, now only looking to sell due to their wish to retire. The rectangular shaped sales area is well presented with modern fixtures and fittings, giving an overall impression of a clean modern business. The customer base comprises of a broad mixture of business people working in the area and substantial passing trade.

WEEKLY SALES
Currently shop sales average 18,000 approximately plus additional income:
Bus Pass commission of 850 weekly
Lottery of 390 weekly
Weston Union of 500 weekly
Rental income of 250 per week

TRADING HOURS
Monday - Friday 06:30 - 18:30
Saturday 07:00 - 18:30
Sunday 08:30 - 16:30

There is the opportunity to extend the opening hours if required.

STAFF
Managed by the owners who are assisted by 3 full time members of staff.
The weekly wage bill is said to be 1,000

PROPERTY
The subject property comprises a ground floor lock up retail unit, together with a first floor storage and staff facilities. The first floor rooms incorporates a service entrance used for deliveries and access to two parking bays, rented by our client for 360 per quarter.

TRADING AREAS
The modern retail area is approximately 1,150sq ft incorporating the main counter with 2 serving positions to the left hand side. At the rear of the main retail area is access to stairs which lead up to the first floor.

At the time of our inspection the product mix on offer included an extensive range of newspapers, magazines and a good varied selection of greeting cards, stationary, confectionary, take away sandwiches, soft drinks, ice creams, crisps and snacks and slush puppies.

We feel an opportunity exists to introduce some convenience lines and an off licence to increase sales.

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

TENURE
We are advised that the property is held on a 10 year lease which commenced in 2011. The annual rent is 88,000 Rent reviews are at 5 yearly intervals.

We understand that there is a service charge of 5,000p/a

SUMMARY
The sale of Shuklas provides buyers with an excellent opportunity to purchase a successful, very busy and relied upon business which benefits from a prominent trading position, within an extremely busy shopping centre.. This opportunity is worthy of your earliest attention.

More information from this agent

Nearest stations

  • Stratford (0.2 mi)
  • Stratford High Street (0.3 mi)
  • Maryland (0.3 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

  • Stratford (0.2 mi)
  • Stratford High Street (0.3 mi)
  • Maryland (0.3 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 42995. 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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