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Shop for sale

Electric Avenue, London

Offers in Region of £60,000
758 sq. ft.

Property Description

Commercial information

  • 758 sq ft (70 sq m)
  • Use class orders: A1 Shops

Key features

  • Warren Anthony Commercial are delighted to bring to the market this A1 shop currently trading as a butchers with an open metal shutter frontage.
  • Located less than 200 meters from Brixton Station, the property it is situated in a prime location on the vibrant and busy shopping parade of Electric Avenue.
  • Electric Avenue has undergone significant regeneration over the past few years with a number of high end residential developments being completed there is as a result Electric Avenue's retail provisio
  • The unit also benefits from clear visibility from both ends of Electric Avenue.
  • The property comprises a retail shop A1 arranged over ground and basement floors. The unit currently operates as a butcher with an open metal shutter frontage and the landlord is we understand potenti
  • Use A1.

Full description

Warren Anthony Commercial are delighted to bring to the market this A1 shop currently trading as a butchers with an open metal shutter frontage.

Located less than 200 meters from Brixton Station, the property it is situated in a prime location on the vibrant and busy shopping parade of Electric Avenue.

Electric Avenue has undergone significant regeneration over the past few years with a number of high end residential developments being completed there is as a result Electric Avenue's retail provision starting to improve and now sits in close proximity to various bars and restaurants.

The unit also benefits from clear visibility from both ends of Electric Avenue.

The property comprises a retail shop A1 arranged over ground and basement floors. The unit currently operates as a butcher with an open metal shutter frontage and the landlord is we understand potentially willing to strip the unit to a shell and core condition as well as remove all the existing tenant's fixtures and fittings.

Use A1.

Premium with offers invited in the region of £60,000 subject to contract for the benefit of the lease, business, fixtures and fittings.

Rental £39,000 per annum exclusive subject to an upcoming rent review in January 2021.

Lease available by way of an assignment of the lexisting lease expiring in January 2026.

Business rates £7,700 per annum approx. However, all interested parties are recommended to make their own enquiries with the rating department of Lambeth Council.

Size 758 sq ft approx.

Opening hours 7 days from 6 am until 8pm.

Staff owner managed with 3 staff.

Turnover with a current turnover we understand to be in excess of £572,000 per annum approx.

Legal costs with each party to bear their own legal costs as well as the ingoing tenant to bear the landlord's legal costs.

Local authority Lambeth.

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.

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 themselves as to the condition.

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.

Viewing through Warren Anthony Commercial by prior appointment only.

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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