Well Established Newsagent for over 65 Years in Winchmore Hill, London

7

Ridge Avenue, N21

Price Asking Price £30,000

Well Established Newsagent for over 65 Years in Winchmore Hill, London

LOCATION: The business occupies a prominent trading position on Ridge Avenue in Winchmore Hill and benefits from being located in a densely populated residential area. The business benefits from being located in a high footfall area with excellent road links into Central London and the surrounding area. The nearest station is Winchmore Hill & Grange Park. 


DESCRIPTION: Double front fronted shop unit trading as a newsagent’s for over 65 years with confectionary, stationary, greeting cards, national lottery, pat point, bus pass and 5 paper rounds. 

 USES: Class E 

PREMIUM: £30,000 for the benefit of the new lease, fixtures & fittings. 

RENTAL: £18,000 per annum 

TERMS: Flexible new lease 

BUSINESS RATES: To be confirmed 

SIZE: Approximately 636 sq ft 

OPENING HOURS: Monday - Saturday 5:30 am till 3:00 p.m & Sunday 5:30 am till 11:00 a.m 

STAFF: Family run 

TURNOVER: Current turnover in excess of £208,000 per annum. 

 Agent Note with longer opening hours and adding a off license will increase the turnover. 

ACCOUNTS: Available on viewing 

LEGAL COST: Each party to bear own legal cost 

LOCAL AUTHORITY: Enfield 

ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 66 Rating. C copy of this property’s energy performance certificate is available on request 

REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been London Properties on behalf of themselves and for the vendors of these properties whose agents they are, give notice that: (1) These particulars do not constitute a contract or an offer. (2) All statements made in these particulars relating to these properties are made without responsibility on the part of London Properties or the vendor. (3) Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of these particulars. (4) London Properties or any person in their employment has no authority to make or give any warranty or representation what so ever in relation to these properties. (5) The above measurements were taken by a sonic measuring device and cannot be guaranteed to be 100% accurate. 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.

Tenure  : Leasehold

  • Length of Lease  :  15 Years

    Additional Details

  • Reference number: Winchmore_Hill_Newsagents

Property Features

  • Furnishing: Furnished
  • Tenure: Leasehold
  • Current Occupant: Vendor
  • Full Double Glazing
  • Gas Central Heating
  • Class: A1 : Shops
  • Size: 635
  • DaltonsBusiness Category: Newsagents

More Information

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