Property description

A highly profitable and established business trading as Nisa Local supermarket, located on vibrant Old Street in Shoreditch and in close proximity to Hoxton Square. Measuring in excess of 2100 sq ft comprising of ground floor retail space and basement storage/ toilets, there is further potential to increase the ground floor space (for larger retailers) by extending to the rear SPP and freeholders consent.
We have been advised by our client that turnover of the business is;

SALES: £30,000/week approx
2 Cash points income: £50,000pa
Additional Nisa Local Rebate: £5000pa
Total Annual Sales: £1.6m to 1.8m pa approx
Gross Income: £400,000pa approx

RENT: £75000pa
LEASE Remaining: 12 Years
RATES: £18000pa approx (Please refer to Council)
GROUND Floor Area: 1700sqft approx
BASEMENT: 350 sqft approx
TOTAL AREA: 2050 sqft approx

Business Type: Off License Shop / Grocery
License: A1

TIMINGS:
Sunday to Wednesday: 6:am to 12:00am
Thursday: 6:00am to 3:00am
Friday and Saturday: 6:00am to 4:00am

Premium: £330,000 All stock held at the time will be valued and negotiated separately.

Property Features :

• Large Retail Space
• Potential To Extend SPP
• High Profitable
• Prime High Street Location
• Business Takeover