Property description
Excellent opportunity to acquire two successful business's Hoxton News & Off License and Hallmark (A1), located on vibrant Hoxton Street which hosts a regular street market.
The shops form part of one head lease and comprise ground floor retail space, measuring close to 1600 sq ft combined. Aditionally each shop comes with two rear parking spaces.
The business's are both established and successful in their own right, with regular clientele and heavy footfall from passersby. We have been advised by our client that turnover of each business is;
Hallmark - £70,000 per annum
Hoxton News - £10,000 per week
Rates payable (combined) - £11,000 per annum
Premium offers of £125,000 will be considered. All stock held at the time will be valued and negotiated separately.
Lease - 12 year renewable lease
Hoxton Street is located just north of Vibrant Shoredicth where you would expect rents to double in price, Hoxton and Old Street Stations are only a short walk away. Other local retailers include Iceland, Percy Ingles, Post Office and Paper Johns.
Property Features :
- Hoxton Market Location
- Two Shops/Business´
- Available Immediately
- 12 Year Renewable Lease
- £125,000 Premium