Excellent opportunity to purchase a highly successful business in a prominent location, in Burnt Oak Town Centre. The business occupies a roadside position, facing Burnt Oak Broadway (A5).
Price: £79,000 for the benefit of the lease of the commercial shop.
The stock must be purchased separately at valuation. Stock can be reduced as agreed with potential buyer.
We are advised by the vendor the rent will be £29,000 per annum.
Tenure: We are advised by the vendor the lease will be renewed every 20 years.
Location: Burnt Oak Broadway is a popular area in Northwest London, forming part of the London Borough of Brent. The property is situated on a busy shopping parade with high pedestrian footfall. The commercial mixed used convenience store with A1 licence and 5 minute walking distance from Burnt Oak Broadway underground station.
Measurements: The Ground Floor retail area is approximately 200 Sq. meters plus substantial storage area at the back.
Not measured by Glenmore Properties, the area has been sourced from the VOA website.
Accommodation: The shop consists of a large double fronted retail unit arranged on the ground floor only, with significant frontage facing Burnt Oak Broadway.
Rates: £13,000 per annum - We are advised by the vendor significant reductions up to 30% is expected once the rates review done within next four weeks.
Interested parties are strongly advised to contact the local authority regarding the rates payable for this property. Glenmore Property Services cannot advise on the rates payable for this property. Interested purchasers must satisfy themselves in this regard before making an offer.
EPC: Rating 117 valid to October 2022
Legal fees: Buyer will be expected to pay for his legal fees.
Viewings: Strictly by prior appointment with Glenmore Property Services. Please call our office on 02089045040 to discuss your requirements or to arrange a viewing.
Holding deposit: Tenants or prospective purchasers wishing to secure this property will be required to pay a holding deposit to Glenmore Property Services of £3,000. The deposit is non-refundable except if the vendor withdraws, or a clear title cannot be proven. This deposit is held in our client account until completion.
These particulars are prepared for the guidance of prospective purchasers. They are intended to give a fair and overall description of the property and do not constitute the whole or any part of an offer or contract. Any information contained herein (whether in text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. Any plans provided by the agents and/or with the sales particulars are intended for guidance purposes only; we cannot guarantee the accuracy and scale of any plans, and they do not form any part of the sales contract.
Money laundering regulations: To comply with money laundering regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer. We ask for your cooperation in order that there is no delay in agreeing the sale.
Minimum Area (in sq ms) 200 sq ms
Tenure : Leasehold
Glenmore proudly stands out as one of the leading estate agencies situated in the heart of Sudbury Town. Our team is dedicated to provide first class service to achieve the best deals for our customers.
