Long Established Lighting BusinessLNW5435Price reduced £175,000 +savN8
- • Highly regarded lighting business established 30 years ago
- • Store comprises 6 prominent retail units
- • Based in Turnpike Lane, London N8
- • Leasehold premises
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 6 prominent retail units all interlinked with an abundance of stock room space.
The current lease/s are 12 year lease/s from September 2014 with 9 years left to run. Rent reviews every 4 years. It is a lease with a current rent of £77,490.00 per annum. Business rates currently are £33,000.00 per annum.