Thanks to a recent and extensive programme of refurbishment undertaken at great expense (cost approximately £30,000) these substantial and well maintained leasehold terraced parade premises were established in their present form in 2013 by the current proprietor.
These retail properties provide outstanding and highly functional internal business accommodation which briefly comprises an inviting glazed pubic entrance with display window space on two sides directly off Finchley Road into the main, bright, welcoming and deceptively spacious retail sales and customer service area with suspended ceiling and diffused fluorescent lighting.
Location
The premises are prominently located on Finchley Road occupying a fantastic trading position near to Temple Fortune Police Station and patronized by the well-heeled locals as well as the passing traffic from the main road. The nearest Tube Station is Golders Green & Brent Cross and excellent access to major road and motorway links (A406, A1 & M1 etc.)
Accommodation
Approximately 650 sq ft
Terms
BUSINESS: The main customer service area houses a full range of modern, high quality fixed and freestanding purpose-built display furniture and shelving for a wide selection of traditional beers and wines, stationery and toys, in addition to various chilled drinks display units, extensive periodical and greetings cards racking and a prominent, fully fitted point-of-sale counter area with spirits and confectionery displays, tobacco gantry, electronic till point, National Lottery terminal and full complement of Oyster Card, electronic Payzone, bus pass, parcel delivery and mobile phone top-up facilities. The main public area also features a good-sized dedicated Pound Store section for the retail of an excellent choice of general household goods at discount prices. Further ancillary internal business accommodation consists of a fully-racked general dry goods store, together with all the usual washroom/WC facilities and separate doorway access to the rear. The property also enjoys the benefit of electric heating, in addition to the added security benefits of electrically-operated steel roller shutters to the shop front and a 6-camera CCTV monitoring system. The premises also enjoy the use of private unrestricted off street parking to rear.
TERMS: The premises are being offered with the benefit of a long secure 20-year lease with approximately 6 years of the current term remaining and annual reviews.
USES: A1 with alcoholic licence for bottles or cans of alcoholic beverages for consumption off the premises.
PREMIUM: £69,950 for the benefit of the lease, fixtures & fittings.
RENTAL: £30,000 per annum
BUSINESS RATES: We are advised that the business rates payable currently stand at approximately £10,000 per annum. Interested parties are recommended to make their own enquiries with the Rating Department of Barnet Council.
OPENING HOURS: Monday to Saturday 6:30 a.m to 7.00 p.m & Sunday 8:00 a.m to 2:00 p.m
TURNOVER: Current average weekly retail takings in the region of £6,500 with huge scope to increase. GP circa 28% that does not include Lottery sales £2,500, Pay Zone £2,500, Bus Pass £550, news sheet circa £900 per week at cost and producing delivery charge income of £300 per week, UPS and Parcel Point parcel delivery commission income in excess of £90 per month. Mobile phone top-up commission income to be advised. Total average weekly taking is £16,900.
ACCOUNTS: Our client will provide accounts on information upon a genuine interest.
STAFF: Owner managed with 1 staff.
UTILTIES: All main services are connected
LOCAL AUTHORITY: Barnet
LEGAL COSTS: Each party is to bear their own legal costs
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 taken up, whether they are accepted or not by the Landlord.