Property description

We are proud to present this large A1 Retail unit measuring over 1,200 sq. ft. A popular established family business of over 40 years situated on Willesden Road offering a vast amount of footfall both night and day with numerous other restaurants, bars and travel facilities all available within easy walking distance. The nearest underground and railway stations are Brondesbury and Kilburn Station. Known as The Wine Market this chain of shops has a strong reputation which it has built over the 40 years it has been trading. With many bars and restaurants as their clientele as well as their many loyal customers all over London travelling far and wide to visit this shop due to its diverse variety of products they have to offer.

A spacious A1 licence shop located on Willesden Road a few moments away from Kilburn Station boasts a large shop floor. The premises also boasts a beautiful office overlooking the shop floor. The business has been running for over 40 years and is extremely popular within the area. Currently the shop is doing over £10,000 per week due to its good reputation and due to the heavy footfall on this prime High Street. This is a lease assignment with 8 years remaining it is also an open lease. The current rent for this property is £18,000 per annum and the seller is seeking £120,000 for goodwill.

Accommodation

Shop Floor – 550.16 sq. ft.

Kitchen – 50.29 sq. ft.

Toilet – 18.97 sq. ft.

Ground Floor Sub Total – 619.42 sq. ft.

Basement – 583.61 sq. ft.

TOTAL – 1,203 sq. ft. (approx.)

Tenure

Leasehold/Lease Assignment – £18,000 per annum.

Our Client wishes to assign the lease with 8 years remaining

Premium

Our client seeks a premium of £120,000 for goodwill, fixtures and fittings.

Legal fees

All parties to bear their own legal costs.

Rates

We have been advised that the rates payable is £5,000 per year. However, interested parties are encouraged to make their own enquiries with the local authority.

If you would like to arrange a viewing for this property, please call us on 020 7510 0860 or alternatively call our property consultant directly on 074 1586 3800.

Viewings Strictly Through Appointment Only

Property Features :

• Close to Kilburn Station
• A1 Usage
• Over 1,200 sq. ft.
• Popular Business Established for over 40 Years
• Generates over £10,000 per week