Car Model Shop In London WC2 For Sale

Business description

In an excel central London posn on well known street & close to hotels. theatres. multiples. etc. Long estab & very profitable shop taking £5.800pw at 53% GP. Rent £51.000 pa. Interesting business. L/hold. (Ref: M87568LN)

LOCATION

In an excellent central London position on a well known street with good passing trade and is close to hotels. theatres. multiples. offices. etc.

THE PREMISES

Mid terrace premises is arranged on ground floor and basement levels and has approx 17? wide character frontage. Internally. the 600 sq ft ground floor sales section has carpeted flooring. a high ceiling with surface mounted. diffused fluorescent lighting and is fitted with a range of high shelving and display cabinets to walls. plus an attractively laid out window display. A mid-position stairway descends to an 850 sq ft basement comprising a general storage area. packing room. admin office and toilet.

EQUIPMENT

The premises is fully fitted and equipped for present use including a glass topped display counter. 4 glass fronted display cabinets. computer. Sharp electronic cash register. etc.

THE BUSINESS

This long established and extremely profitable business has been in the same hands since 1985 and is run by a husband and wife team with just 2 Saturday assistants. .

OPENING HOURS

Mon to Fri 9.30 am to 6.00 pm

Sat 11.00 am to 5.00 pm

TENURE

The premises is held on a lease which commenced in April 2001 for a term of 10 years and the current rent is £51.000 per annum with a review after 5 years. The Business Rates payable are approx £18.000 per annum.

STOCK

Stock is approx £25.000.

COMMENTS

This is a well-established and lucrative business in an enviable central London location. It is extremely interesting to run and could well suit an enthusiast or a similar type of business wishing to expand.

Property information

Property:

Leasehold