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Retail Property (high street) for sale

32-34 South Lodge Avenue - CR4

£335,000

Property Description

Commercial information

  • Business for sale

Key features

  • OFFERS ABOVE - Excellent location - Substantial in Size 4700 sq ft.
  • Weekly takings in the region of £24,000 plus
  • Average weekly takings in Oyster sales £6,000
  • Wholesale and private trade

Full description

Tenure: Leasehold

DESCRIPTION
OFFERS INVITED- This is an exciting opportunity to purchase a well established and a well known cash and carry situated in Surrey. The business occupies a prominent trading position within a densely populated residential area of Croydon.

The area is subsequently a hive of activity throughout the day with continual footfall and activity. This ensures the business attracts high levels of regular local and passing trade at all times for both wholesale and public sales.

The business has been trading from the same location for many years and has a strong relationship with the community. The business has an enviable reputation and an extensive and loyal customer base built up by our client since the business was purchased back in 2010.

The business operates from highly visible and imposing premises with a trading area approaching 4700sq ft (STS).

The store retails an extensive range of soft drinks, confectionery, newspaper and magazine titles, dairy products, frozen and convenience foods plus an excellent selection of fresh fruit and vegetables, with additional services such as Oyster top ups.

Jhelum was re-fitted by our client back in 2012 and now benefits from excellent fixtures and fittings along with modern, energy efficient fridges and freezers.

Jhelum is a thriving and highly lucrative business yet still offers terrific scope for future growth and improvement with the introduction of alcohol sales and would therefore ideally suit an energetic family unit who can develop the business to its true potential which will undoubtedly increase the weekly sales whilst ultimately enhancing overall profitability.

To fully appreciate this superb business opportunity, viewing is highly recommended.

Sales
Advised weekly takings in the region of £24,000

LOTTO
Weekly Oyster sales approximate to £6,000

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday — Sunday 09:00 — 21:00

STAFF
The business is managed by the current owner with help from full and part time staff.

Building External
Highly visible and imposing premises offering spacious ground floor retail space. The premises offers an excellent rear storage areas which provide access to two commercial walk in chillers, large office, staff kitchen and toilet facilities which also include disabled facilities.

BUILDING INTERNAL
The welcoming sales area is bright and airy creating a welcoming environment. The business is fitted to a high standard with a comprehensive range of good quality, modern fixtures and fittings, CCTV and ample refrigeration which include an 8m freezer for a large selection of frozen foods and 10m fridge for soft drinks, diary and cooked meats. An excellent array of fruit and vegetables are displayed on modern units.

Towards the rear of the shop is a large, modern meat counter.


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

TENURE
We are advised that the property is held on a 30 year lease which commenced in 2010. The annual rent is £50,000 exclusive (correct as advised on 07.04.14). Rent reviews are at 5 yearly intervals.

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

SUMMARY
A fantastic opportunity to purchase a successful business open 365 days a year, situated in a densely populated residential area. To avoid disappointment, viewing is highly recommended.


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