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Retail Property (high street) for sale

23 London Road - EH7

£24,500

Property Description

Commercial information

  • Business for sale

Key features

  • Enviable Location
  • Turnover in excess 7,200 per week
  • Lotto
  • Low Rent

Full description

Tenure: Leasehold

Description
London Road Express is an extremely busy business which has been run by the current proprietor since 2005. The business benefits from being fully equipped and presented at walk in condition. Although the business is trading extremely successfully, there is still opportunity to expand the business. The business is being sold due to the current vendors other business commitments.

The business offers a wide selection of general groceries, newspapers, magazines, chilled produce, confectionery, cigarettes, beers, wines and spirits.




Situation
London Road in Edinburgh is well situated just outside the main city centre The area is a popular residential locale.
London Road Express is well situated on London Road. The business is surrounded by residential properties and benefits from ample on street parking


Building External
The property is an end-terraced, lock-up unit. The front is straight to street with a traditional frontage. The entrance is from the front which in turn leads into the main shop. On entering, the service counter is located directly to the right, with a large tobacco display and alcohol located behind the counter. The shop is fully fitted with display shelving and a chest freezer.

The property also benefits from a large basemen, stock room and staff WC.


Building External
The front of the property is straight to street with ample on street parking.


Services
We have been advised that all mains services are fitted.


Tenure
The property is held on the Scottish equivalent of a leasehold. The lease has 7 years remaining with an annual rental of £8,500.

Accounts
Full trading Figures will be made available after a formal viewing has taken place .

Summary
The sale of London Road Express offers a great opportunity to purchase a established and well performing business. Viewing is highly recommended.

Price
Offers in the region of £24,500 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.


Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease, this will be available to all parties wishing to offer.

Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.


Call to action
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 477 6060.


Map & Street View

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