Well established Newsagent located in a parade on Lower Clapton Road

LOCATION:The business is located in a parade on Lower Clapton Road in, Lower Clapton, Hackney also close by is, Homerton University Hospital, local school & located in a highly densely populated residential area. The Nearest Tube & Railway Stations are Hackney Central & Hackney Downs.

DESCRIPTION:Double fronted shop unit, fully modernized, WC, kitchen to rear, storage to rear & basement

USES:A1/A2

PREMIUM:£50,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill

STOCK ON VALUATION:Approximately £10,000

RENTAL:£14,000 per annum next rent review in 2½ years

TERMS:13 years remaining on lease

BUSINESS RATES:Nil. However, all interested parties are encouraged to make their own enquiries with local authority

SIZE:Approximately 742 sq ft

OPENING HOURS:Open seven days a week 7:00 a.m till 7:00 p.m

STAFF:Owner managed with 1 staff

TURNOVER:We are advised that the yearly turnover is approximately £234,000 per annum

ACCOUNTS:Available on request

LEGAL COST:To be confirmed

LOCAL AUTHORITY:Hackney

ENERGY PERFORMANCE CERTIFICATE:Energy Performance Asset Rating is 65: C Rating. A copy of this property’s energy performance certificate is available on request

REFERENCE CHARGE:London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.

HOLDING DEPOSIT:A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS:Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

VIEWINGS:Through London Properties by appointment only