Station Parade, Cockfosters EN4

Long established menswear retailer (29 years) which has been refitted to modern standards. The business has a loyal repeat following and specialises in casual wear, suits and footwear. The business is unopposed locally with very few independent menswear retailers remaining throughout North London, hence the business is strong with good turnover. The business can be taken over with the existing staff and the owner is prepared to stay on for a period of time to show the new purchasers the ropes. Alternatively the shop premises without the business could be available with a premium required for the lease. The premises are fitted to a good standard with air conditioning, CCTV, electric roller shutter and awning (not tested). There is parking to the rear for up to 5 vehicles.

Location:
Situated in an excellent position in Cockfosters on the best side of the street and close to Cockfosters Underground Station (Piccadilly Line). Cockfosters is an affluent area with a variety of shops and restaurants and is a busy location in the evening as well as during the day.

Areas:
1210 sq ft (112.43 sq m)

Lease:
Held on a 10 year full repairing and insuring lease from March 2019 with 5 yearly rent reviews at £31,500 pa. The lease expires March 2029.

Premium:
£100,000 is sought for the benefit of the lease plus stock at valuation if the business is purchased.