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£130,000
we are proud to offer to the market WELL ESTABLISHED BUTCHERS & Grocery Store.
7 DAYS OPENING
DOUBLE FRONTED PREMISESwith Concrete floor, suspended ceiling with LED lighting. 2 Refrigerated meat counters, EPOS till, scales, pricing machine, meatslicer, 2 butchers blocks, glass fronted display freezer
two Walk-in cold room, freezer
Staff toilet with w.c. and wash hand basin
Business for Sale: Thriving Supermarket/Grocery/Butchers in Illford Redbridge, East London
Prime Location: Situated in front of a bustling tube station, serving a diverse community in the heart of Gantshill.
Specializations: Indian Groceries and Halal Meat - A niche market with a loyal customer base.
Profitable: Annual turnover of 500,000 with substantial growth potential.
Fully Fitted: 850 sq. ft. of well-equipped space with modern amenities.
Growth Opportunities: Expand Oyster sales, introduce hot food, and tap into the booming online delivery market.
With Car Park: Convenience for customers rear car park.
Open Lease: 17 years to 30 January 2041 - Secure your future.
Key Features:
- Established Business
- Price Further Reduced
- Company for Sale
- Potential for Alternative Use
- Adjacent to Multiple Retailers
- Close to Local Amenities
- Small Business
Financials:
- Leasehold Price: 130,000 (plus stock at valuation)
- Annual Rent: 12,000
- Current Rent Review Date: 31 January 2026
Business Highlights:
- Full glass frontage with electric canopy/awning and shutters.
- CCTV system with 12 cameras.
- Tiled flooring, LED light panels, and spotlights.
- Comprehensive equipment including sales counter, EPOS cash register, weighing scales, and walk-in cold rooms.
Contact us today for more information, to arrange a viewing, or to discuss this exciting business prospect further.
'Disclaimer: All details are subject to change, and the accuracy of information should be verified independently. '
Misrepresentations Act: Property Link for themselves and for the vendors/lessers of the property whose agents they are, give notice that: 1. The particulars are set out as general outline only for the guidance of intending purchasers/lessees and do not constitute, nor constitute part of an offer or contract. 2. All descriptions, dimensions, references to conditions and necessary permissions of use and occupation, and other details are given in good faith and are believed to be correct, but any intended purchasers or tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each. 3. No person in the employment of Property Link has any authority to make or give any representation or warranty whatsoever in relation to this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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