LET AGREEDCOMMERCIAL
Hampden Way, London, N14
£1,500 pcm
£18,000 pa
Letting details
- Let available date:
- Ask agent
- PROPERTY TYPE
Retail Property (high street)
- SIZE
Ask agent
Description
Long-established family dry-cleaning business opened in 1996 with considerable scope for further growth for sales. Currently operating as a unit dry cleaner with over- the-counter trade but offering potential for a collection and delivery service and scope to expand key-cutting, shoe repairs and tailoring alterations.
SUMMARY
Full height plate glass shop front
Custom-built counter
Carousel-hanging machine
15kg (35lb) Bowe dry cleaning machine
Full inventory below.
£18,000pax
New 8-20-year FRI Lease (to be contracted inside Part II of the Landlord & Tenant Act 1954).
Unopposed location with no other competitors within the Square or immediate surrounds.
Parking space to the rear
LOCATION
Occupying a prominent position within the Hampden Square shopping Centre being directly Southgate Engineering Motor Repair Garage and the Osidge Gastro Pub.
Hampden Nursery is within 15-25 yards on the same side of the road to the east.
There is consistent foot fall past the shops in this Parade which includes an estate agent, a fish and chip restaurant/takeaway, a kebab restaurant/takeaway and a window/door retailer and manufacturer.
Parking is available immediately in front of the shops within the Parade and immediately opposite.
Southgate Overground Station is approximately 0.9miles to the north/north east whilst Arnos Grove Underground Station is approx. 1.3 miles to the south/southeast.
Bus routes (125, 184,628 and 688) traverse Hampden Way, Osidge Lane and Brookside South connecting Southgate, Whetstone East/High Barnet and beyond.
There are a variety of retail and service trades sin Hampden Square and also a Tesco Supermarket on the same side of the road to the north west.
DESCRIPTION
The subject premises includes a full height plate glass shop front and central glazed door protected by a roller shutter grill.
ACCOMODATION
The Net internal measurements and floor areas are detailed below:
Shop: Shop front: 5.60m
Internal width: 5.75m
Shop Depth: 8.06m
Max shop/built depth: 11.8m
Rear Work prep room: 4.76m x 3.74m
Net shop area: 46.34sq.m (498.85sq.ft) approx.
Preparation area: 17.80sq.m. (191.62sq.ft.) approx.
Single WC/washroom to the rear.
Covered rear loading/unloading area plus one car parking space
THE BUSINESS
The premises are currently trading as unit dry cleaners which has been operating in this location for approximately 26 years.
The Sellers advise that the current takings are averaging £1,400pw however it is estimated that there is potential to increase the turnover to £2,000/£2,500 per week after exploiting collection and delivery, specialist curtain cleaning and tailoring alterations/repairs.
INVENTORY
The shop is fully equipped to a good standard and includes the following:
Electrically operated revolving carousel hanger.
Bowe 15kg (35lbs) dry cleaning machine
Wimsew felling machine
Hoffman press
Cold spotting table
Ipso 35lbs washing machine
JLA 50lbs drier
Packing machine
Small Miele dryer
Brother sewing machine
Willcox & Gibbs overlocking machine
Key cutting machine (Yale and Union keys)
Shoe machine
The shop also features a suspended ceiling incorporating recessed ceiling spot lights plus intruder alarm.
CURRENT HOURS OF TRADING
Mon: 08.00- 18.00
Tues & Wed: 08.00 -18.000
Thurs: 08.00 - 13.00
Fri: 0.8.00- 18.00
Sat: 08.00 - 18.00
Sun: Closed
BUSINESS RATES
London Borough of Barnet
The current Rateable Value is below£12,000 and so no business rates are currently payable for this property. Prospective purchasers will need to make their own enquiries however according to the Government website, no business rates will be payable for a property with a rateable value of £12,000 or less.
The rates payable for 2023/2024 would usually have been £4,391.20 however the small business rate relief of £4,391.20 applies and so the net rates payable are currently £ zero.
Interested parties should make their own enquiries via the Local Authority or Valuation Office
The premises are offered on a new 8-20 year full repairing and insuring lease subject to four yearly rent reviews.
The new Lease is to be contracted inside Part II of the Landlord & Tenant Act 1954.
RENT
£18,000pax
PREMIUM
A premium of £40,000 subject to contract is sought for the benefit of the business, leasehold interest, current equipment and fixtures and fittings.
The current owners who founded the business in 1996 are now retiring. There is considerable scope to boost the current takings to include the receiving/counter trade, collection and delivery service, specialist curtain cleaning, key cutting, shoe repairs and tailoring/alterations.
Viewing and Further Information:
Viewing strictly by prior appointment with the agent:
Nicholas Georgiou/Patrick Notaro
Neway Chartered Surveyors
/12
Nicholas Georgiou
Patrick Notaro
SUMMARY
Full height plate glass shop front
Custom-built counter
Carousel-hanging machine
15kg (35lb) Bowe dry cleaning machine
Full inventory below.
£18,000pax
New 8-20-year FRI Lease (to be contracted inside Part II of the Landlord & Tenant Act 1954).
Unopposed location with no other competitors within the Square or immediate surrounds.
Parking space to the rear
LOCATION
Occupying a prominent position within the Hampden Square shopping Centre being directly Southgate Engineering Motor Repair Garage and the Osidge Gastro Pub.
Hampden Nursery is within 15-25 yards on the same side of the road to the east.
There is consistent foot fall past the shops in this Parade which includes an estate agent, a fish and chip restaurant/takeaway, a kebab restaurant/takeaway and a window/door retailer and manufacturer.
Parking is available immediately in front of the shops within the Parade and immediately opposite.
Southgate Overground Station is approximately 0.9miles to the north/north east whilst Arnos Grove Underground Station is approx. 1.3 miles to the south/southeast.
Bus routes (125, 184,628 and 688) traverse Hampden Way, Osidge Lane and Brookside South connecting Southgate, Whetstone East/High Barnet and beyond.
There are a variety of retail and service trades sin Hampden Square and also a Tesco Supermarket on the same side of the road to the north west.
DESCRIPTION
The subject premises includes a full height plate glass shop front and central glazed door protected by a roller shutter grill.
ACCOMODATION
The Net internal measurements and floor areas are detailed below:
Shop: Shop front: 5.60m
Internal width: 5.75m
Shop Depth: 8.06m
Max shop/built depth: 11.8m
Rear Work prep room: 4.76m x 3.74m
Net shop area: 46.34sq.m (498.85sq.ft) approx.
Preparation area: 17.80sq.m. (191.62sq.ft.) approx.
Single WC/washroom to the rear.
Covered rear loading/unloading area plus one car parking space
THE BUSINESS
The premises are currently trading as unit dry cleaners which has been operating in this location for approximately 26 years.
The Sellers advise that the current takings are averaging £1,400pw however it is estimated that there is potential to increase the turnover to £2,000/£2,500 per week after exploiting collection and delivery, specialist curtain cleaning and tailoring alterations/repairs.
INVENTORY
The shop is fully equipped to a good standard and includes the following:
Electrically operated revolving carousel hanger.
Bowe 15kg (35lbs) dry cleaning machine
Wimsew felling machine
Hoffman press
Cold spotting table
Ipso 35lbs washing machine
JLA 50lbs drier
Packing machine
Small Miele dryer
Brother sewing machine
Willcox & Gibbs overlocking machine
Key cutting machine (Yale and Union keys)
Shoe machine
The shop also features a suspended ceiling incorporating recessed ceiling spot lights plus intruder alarm.
CURRENT HOURS OF TRADING
Mon: 08.00- 18.00
Tues & Wed: 08.00 -18.000
Thurs: 08.00 - 13.00
Fri: 0.8.00- 18.00
Sat: 08.00 - 18.00
Sun: Closed
BUSINESS RATES
London Borough of Barnet
The current Rateable Value is below£12,000 and so no business rates are currently payable for this property. Prospective purchasers will need to make their own enquiries however according to the Government website, no business rates will be payable for a property with a rateable value of £12,000 or less.
The rates payable for 2023/2024 would usually have been £4,391.20 however the small business rate relief of £4,391.20 applies and so the net rates payable are currently £ zero.
Interested parties should make their own enquiries via the Local Authority or Valuation Office
The premises are offered on a new 8-20 year full repairing and insuring lease subject to four yearly rent reviews.
The new Lease is to be contracted inside Part II of the Landlord & Tenant Act 1954.
RENT
£18,000pax
PREMIUM
A premium of £40,000 subject to contract is sought for the benefit of the business, leasehold interest, current equipment and fixtures and fittings.
The current owners who founded the business in 1996 are now retiring. There is considerable scope to boost the current takings to include the receiving/counter trade, collection and delivery service, specialist curtain cleaning, key cutting, shoe repairs and tailoring/alterations.
Viewing and Further Information:
Viewing strictly by prior appointment with the agent:
Nicholas Georgiou/Patrick Notaro
Neway Chartered Surveyors
/12
Nicholas Georgiou
Patrick Notaro
Brochures
Brochure 1Hampden Way, London, N14
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Southgate Station0.6 miles
- Arnos Grove Station1.1 miles
- New Southgate Station1.2 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference patdryclean. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by NEWAY ESTATE AGENTS, Hampden Square. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.