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Rare opportunity to acquire a lighting business established 30 years ago by the current vendors. The business has a highly regarded reputation within the Industry not only as retailers, but also offering wholesale as well as being Importers of the best and most unique lighting products on the market. The business deals across the board, from the general public including high profile celebrities to highly acclaimed architects, theatres and builders/ contractors. On a busy main road, the store comprises 4 prominent retail units all interlinked with an abundance of stock room space.
The current lease/s are 12 year lease/s from September 2014. Rent reviews every 4 years. It is a lease with a current rent of approx £50,000.00 per annum. Business rates approx are £23,000.00 per annum.
The current lease/s are 12 year lease/s from September 2014. Rent reviews every 4 years. It is a lease with a current rent of approx £50,000.00 per annum. Business rates currently are approx £23,000.00 per annum
£77,490 per annum
The premises are ideally situated on Turnpike Lane, London, Haringey N8. There are numerous restaurants, shops and businesses lining the road. Close to Turnpike Lane underground and Hornsey station over ground station.
There is plenty of pay and display parking available directly outside the shop and in surrounding roads.
The spacious showroom premises covers a ground floor area of 4 adjoining shop units.
The store has 4 stock rooms and 2 toilets. Alarmed throughout.
No local competition.
The current vendors / founders are looking to retire, creating an unprecedented opportunity to acquire a remarkable and unique business.
Tuesday – Saturday
10:00am – 6:00pm
11:00am – 4:00pm
Vendors are happy to remain for an agreed period to provide a smooth transition if required.
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