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Shop for sale

Cranbrook Road Ilford Essex IG6

£60,000
571 sq. ft.

Property Description

Commercial information

  • Business for sale
  • 571 sq ft (53 sq m)
  • Use class orders: A1 Shops and A2 Financial and Professional Services

Key features

  • Premium 60,000
  • New Lease
  • Uses A1/A2 & Alcohol Licensed
  • Rental 19,200 per annum
  • No Business rates
  • Size Approximately 571 SQ FT
  • Monday - Saturday 5:00 a.m till 5:30 p.m & Sunday 5:00 a.m till 2:00 p.m
  • Run by Husband & Wife team
  • Current turnover is in excess of 260,000 per annum approximately

Full description

Tenure: Leasehold

LOCATION: The premises are prominently located on popular busy Cranbrook Road in Barkingside in Essex, situated amongst other complimentary Businesses.

DESCRIPTION : The business runs from a lock up shop on a main road location. Entrance is made through a door into the main shop floor, the area accommodates multiple display units organized in a sensible way allowing all stock to be exhibited. To the rear sits the sales counter.

USES : A1/A2 & Alcohol Licensed

BUSINESS: The business is a well established convenience store in a prominent trading location, retailing newspapers, greetings cards, confectionary, tobacco & beverages. The business also acquired an alcohol licence. The business has 11 active paper rounds where our clients deliver to around 175 houses and deliver over 200 papers daily. This really is fantastic opportunity for a new owner to acquire and develop a successful business.

PREMIUM: 60,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill.

RENTAL: 19,200 per annum

TERMS: New lease to be negotiated with rent reviews

BUSINESS RATES : No Business rates

SIZE : Approximately 571 SQ FT

OPENING HOURS : Monday - Saturday 5:00 a.m till 5:30 p.m & Sunday 5:00 a.m till 2:00 p.m

STAFF: Run by Husband & Wife team

TURNOVER : Current turnover is in excess of 260,000 per annum approximately

ACCOUNTS: Available on requested

LEGAL COSTS: Ingoing tenant to be responsible for both parties' reasonable legal costs.

LOCAL AUTHORITY : Redbridge Council

ENERGY PERFORMANCE : Energy Performance Asset Rating is 86 -D Rating. A copy of this property's energy performance certificate can be viewed at www.london-properties.co.uk as a pdf file

REFERENCE CHARGE:: London properties charge a fee of 200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the landlord.


HOLDING DEPOSIT : A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London properties client account.

AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS: Through London Properties by appointment only


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