Business :- Supermarket , Post Office
Asking Price- £320,000 Lease Hold
Term: – A new fully repairing and insuring lease for a term of 21 years renewable lease.
Rent- £22000 per year (shop only)Rent review :- 7 yearly open market value rent reviews
Rent Deposit- The buyer will place a rent deposit of 1 month with the vendor solicitors
Rent Payable:- Monthly in advance through direct debit
Proposed Use:- (A1) Convenience Store, Supermarket and Post Office
Legal Cost:- Each parties are to be responsible for their own legal costs in this transaction
Turnover: between £15000- £16000 per week including cigarette sales of £ 3000 per week but excluding lottery, Oyster, Photo Copy machine and cash machine.
Post Office Commission- £128,000 last year
Commission from services e.g Lottery, Oyster , Cash machine and ETOP up – £43000 per year but without passport photo booth
(All the above information as advised by the vendor)