Property description

We are proud to present this large highly visible A1 usage shop located in the ever expanding area of Gipsy Hill the property is positioned at an advantage as the shop is located at the corner of Westow Hill ensuring maximum exposure on this busy stretch of road. Currently trading as Bettys Bakery the property is fully furnished with all fixtures and fittings and adequate storage space located within the shop. Consisting of a large basement covering 1098.6 sq. ft. (approx.) also the shop floor covering 975.5 sq. ft. (approx.) the property boasts an impressive 2074.1 sq. ft. (approx.) in total. Fixtures and fittings include a large array of appliances such as industrial dough mixer, 2 large ovens, fridge and freezers, numerous number of machinery, and CCTV Operation throughout the shop to ensure the security of the premises just to name a few. We are offering a lease assignment on behalf of our client with over 12 years remaining on the lease. The lease mentioned is also a renewable lease. Considering the location, space, fixtures and fittings the premium has been valued at £95,000 with the rent at £24,000 per annum.

Situated on a busy main road the property benefits from a high volume of footfall and drivers passing by. The Station is located only a short 5-10 minute from the property and benefits from Southern Railway services to London Bridge, London Victoria and other London terminals. The station also benefits from the Over ground line to Dalston Junction via Hoxton and Shoreditch High Street. Westow Hill benefits from a large variety of amenities such as Crystal Palace Museum located only 200 yards from the property which also acts as a major benefit to the business as it attracts customers to the property. As well as the iconic museum there are a number of bars and clubs located throughout the strips with Odeon cinema situated on the same strip of road.

Accommodation

Shop Floor: 47.90 ft. x 20.38 ft.

Kitchen: 8.40 ft. x 6.60 ft.

Sub-Total: 975.5 sq. ft.

Basement: 52.17 ft. x 21.23 ft.

Toilet: 13.55 ft. x 12.62 ft.

Storage: 7.42 ft. x 6.61 ft.

Garden/Fire Exit: 10.00 ft. x 12.62 ft.

Sub-Total: 1098.6 sq. ft.

TOTAL: 2074.1 sq. ft.

TENURE

Leasehold/Lease Assignment – Our client wishes to assign the lease which has 12 years remaining. It is possible to renew the lease.

PREMIUM

Our client seeks a premium of £95,000 for goodwill, fixtures and fittings.

RENT

Currently the rent is £24,000 per annum.

LEGAL FEES

The seller shall only be responsible for their own legal fees and the buyer shall be responsible for their own legal fees as well as the landlord’s legal fees.

RATES
We have been advised that the business rates are £783 per month, however we advise interested parties to make their own enquires with the local authority.

VIEWINGS

To arrange a viewing please call us on 020 7510 0860 or alternatively you can contact the Property Manager directly on 07415 863 800. If you have any questions or enquires please do not hesitate to call our office. We are more than happy to answer any of your questions.

IMPORTANT: Viewings Strictly By Prior Appointment with Agents.

Property Features :

• Busy High Road
• Good Footfall
• High Quality Fittings
• 12 years remaining on leas
• Crystal Palace Museum Located 200 yards from the property