Comprises a ground floor lock-up shop currently trading as a butchers.
Location
The premises are located in a prominent position at Canons Corner on the south side of London Road (A410) being close to the junction with Stonegrove (A5). Nearby multiples include, Spar, Tesco Express and Martins the Newsagent.
Accommodation
Frontage: 16’10”
Internal width: 16’ 3”
Depth: 31’ 7”
Shop area: 513 sq ft
Rear rooms: 1,175 sq ft
TOTAL: 1,688 SQ FT
Terms
TENANCY - Let to Lewco-Pak Ltd on a full repairing and insuring lease for a term of 16 years from June 2003, expiring in June 2019 at a rent of £29,000 per annum exclusive.
Lewco-Pak Ltd which trades as Silvermans Kosher Butchers currently has 4 branches.
http://www.thekosherbutcher.co.uk
COVENANT - To the year ending April 2017 their unaudited financial statements report a turnover of £9.6m, gross profits of £2m, profits before tax £1m and net assets of £2.3m.
PRICE - £495,000 for the benefit of the Freehold interest subject to the tenancies and incomes described reflecting a net initial yield of 5.33% assuming purchaser’s costs of 4.67%.
EPC - Awaiting.
LEGAL COSTS - Each party is to be responsible for their own costs incurred.