Property Information
Address:
North Parade, Southall
, UB1 2LF
Price: Property no longer available.
Size: 750 sq ft69 sqm
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH328549
Property Ref/Agent: North Parade, Southall, UB1 2LF
*Please use the agent ref when calling the agent directly.
Property description
This established A1 halal butchers and grocers on ground floor 750 sq ft approx having been trading for 35 years with upper part located on this busy parade on North Road just off Lady Margaret Road.
The Parade serves a densely populated residential and commercial area with a wide selection of local traders nearby. Also local bus routes serving Heathrow Airport, Hounslow and Northolt. The shop comprises a butchery area and sink, internal storage cupboards, WC, large meat cooler, kitchen/diner and good sized rear yard. The 2 bedroom upper part arranged over two floors with separate access from the rear is currently let and producing £300 per week/ £15,600 per annum.
The business has been run by the current owners for over three years but been trading here as a halal butchers for 35 years.
Available on a 15 year full repairing and insuring lease with 12 years approx remaining with five yearly rent reviews at £19,200 per annum exclusive and premium of £65,000 for the lease, business, goodwill, fixtures and fittings.
Business rates £4,435 per annum with council allowance discount of £1,775 with total payable of £2,660 approx with interested parties recommended to make their own enquiries with the rating department at Ealing Council.
Current turnover we understand in excess of £312,000 per annum. This is a profitable running business with accounts available upon request. Stock available on valuation at £7,500 approx.
All main services are we understand connected.
Each party is to bear their own legal costs incurred.
A holding deposit will be required to secure the property to buy a period of exclusivity to be held in the Warren Anthony client account. Warren Anthony charges a fee of £250 plus VAT for taking up references for the proposed tenants/buyers and this fee non refundable after the references have been taken up whether or not they are then accepted by the Landlord.
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