London Road, Grays, RM20

Location

The premises is located in an enviable position that benefits from high levels of passing trade conveniently situated in a very built up mixed residential and commercial area, filled with numerous homes, industrial units and offices providing high levels of trade.

Tenure

Lease until 15th December 2031 at a current rental of £12,000 per annum exclusive.

Premises

An end of terrace retail shop with facia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 228 sq. ft and is arranged as follows:



MAIN SALES AREA which measures approximately 12' 6" x 16' 7" = 209 sq.ft. with suspended ceiling, panel lighting, tiled walls and CCTV throughout. This area is equipped with a large upright display drinks fridge, 2 x chilled display serve over counters behind which is equipped with double buffalo panini press, double stainless steel sink, till system, ninja air fryer, kettle, oven, 3 x under counter freezer, 1 x under counter fridge, commercial microwave, heated display unit, meat slicer and wash hand basin. A door at the rear of this area leads through into a WC which measures approximately 6' 02" x 3' = 19 sq. ft. with wash hand basin.

Trading Hours

Monday - Friday 7am - 2 pm. Closed Saturday and Sunday.

Staff

The business is run by the vendor on a full time basis, with the assistance of 2 full time and 2 part time members of staff.

Turnover

We are advised turnover averages approximately £5,000 per week, working to the usual high gross profit margins associated with the trade.

Business Rates

The premises is subject to a rateable value of £7,500 resulting in zero business rates payable, should small business rate relief apply to a purchaser.

Legal Costs

Each party to be responsible for their own, with the landlords legal costs to be split 50/50.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.