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Shop for sale

Kennington Road, London

808 sq. ft. | £79,950

Property Description

Commercial information

  • 808 sq ft (75 sq m)
  • Use class orders: A1 Shops

Key features

  • A holding deposit will be required to secure the property. The deposit will buy a period of exclusivity and will be held in the Warren Anthony client account.
  • Any fixtures, fittings, equipment, machinery and plant which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themsel
  • Warren Anthony for themselves for the 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 Warren Anthony.
  • 4. All rent, prices, fees and charges are quoted exclusive of VAT.

Full description

Warren Anthony Commercial are delighted to bring to the market this well established convenience store on the popular and busy Kennington Road within this well populated area of Lambeth in South East London.

The area is extremely busy throughout the day with the business surrounded by a large number of residential dwellings together with many independent retailers and national chains plus those using Lambeth North Underground Station and/or visiting the Kennington Oval.

The business was opened by the current owner in 2015 and since taking ownership has established a regular customer base given the location and continual footfall, such is the main road which also benefits from various bus routes, one of which is almost directly outside the shop.

We have been advised by the current owner that since their acquisition in 2015, the business has undergone a complete refurbishment program this in order to provide the current set up which now includes modern fridges, energy saving lighting and an Epos till system.

The sales area is bright and airy creating a welcoming environment and was completely refitted in 2015 this when the current owner opened the store. The business has been fitted with a comprehensive range of good quality, modern fixtures and fittings, CCTV and amply refrigeration, including a 4m fridge for soft drinks, dairy products and sandwiches, plus a 3m chiller for beers and wines.

The store retails an extensive range of soft drinks, beers and wines all of which are displayed in modern chillers and good quality shelving.

The business also stocks a good selection of everyday goods, plus confectionery, newspaper and magazine titles, dairy products, frozen and convenience foods and a small selection of greeting cards.

The store is a thriving and highly lucrative business, yet still offers terrific scope for future growth and will 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 the overall profitability.

The business trades from a highly visible mid terraced property, offering a deceptively spacious ground floor retail space, along with a basement for storage.

Therefore presenting a fantastic opportunity to purchase a successful, thriving business situated on this busy main road in Lambeth, South East London, close to both the Kennington Oval and Lambeth Underground Station.

Ancillary area including large basement used for storage, staff WC and staff kitchen.

Use A1/A2 retail and financial/professional services.

Premium £79,950 subject to contract as a guide price for the benefit of the lease, goodwill, fixtures and fittings.

Rental £15,600 per annum exclusive.

Lease we are advised that the property is held on a 15 year lease having commenced in May 2015 with rent reviews at 5 yearly intervals.

Business rate nil.

Size 808 sq ft approx.

Opening hours Monday - Saturday 7 am - 10pm and Sunday 8 am - 7pm.

Staff with the business managed by a mix of full and part time members of staff, with the additional help from the owner when needed.

Turnover with we understand a current turnover in excess of £260,000 per annum approx plus additional sales to include Lotto £500 per week approx, Oyster £4,000 per week approx and Pay Point £3,000 per week approx.

Accounts these available on request subject to viewing.

Legal costs to be confirmed.

Local authority London Borough of Lambeth.

Energy performance certificate with an energy performance asset rating of 63 - C with a copy of this property's energy performance certificate it can be viewed at www.london-properties.co.uk as a pdf file.

Warren Anthony will charge a fee of £250 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for whether they are accepted or not by the landlord.

For more information or appointment to view please contact our Watford office on either 01923 220 012.

Important Notice
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.


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