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Retail premises for sale

£29,995

31 George Street, Croydon CR0

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Property description

Business
Our client is also selling Herb China Hornchurch, reference 14503 i.

Hilton Smythe are delighted to present Herb China Croydon to the open market, established by our client in 2015 who has decided to sell to allow him to concentrate on other business interests.

The successful business offers a range of alternative remedies from loose herbs, natural medicines, massage treatments and acupuncture. The natural answer to many common ailments from arthritis, back pain, frozen shoulder, sports injuries and rheumatism to internal conditions such as Asthma, migraine, high blood pressure, high Cholesterol, diarrhoea, ulcers and nausea. Skin conditions such as eczema, warts, hair loss and head lice. As well as Hormone and beauty including infertility, fibroids, menopause, weight loss, mental and emotional conditions from anxiety, depression, poor fatigue, ear, eye, nose and throat and addictions.

The business is split 50% from loose herb sales and 50% from massage and acupuncture treatments.

A full handover period will be offered.

The enviable position on this busy shopping street and main thoroughfare to the train station will also suit many other different business uses looking for a new site.

Location
Herb China occupies a highly visible trading position on George street in Central Croydon, southeast London. The business sits near the cross section of George Street and Park Lane (A212) which is the main underpass running through Croydon.

The business is well positioned with other major high street brands, banks and restaurants as is directly behind the Whitgift Shopping Centre. East Croydon main line station is on the same road only 2 minutes’ walk away.

Croydon is a vibrant town in south London undergoing massive redevelopment including hundreds of new apartments, new shopping centres and restaurants/gyms. Improved train links allow commuters to be in central London 11 miles north in 15 minutes.

There is several multi storey car parks within 2 minutes walk.
Premises
A shop unit with many options of use, the shop unit is split between an open plan front retail space and 3 rear treatment rooms as well as very large unused lower ground floor space.

Retail space - left side 3 units of herb display shelving, glass topped display cabinet, 1 consultation desks, till, card machine, 2 filing cabinets, previous cashier counter has been kept and now used as a treatment room.

3 treatment rooms - all with treatment beds, heat lamps, storage shelves and cupboards.

Lower ground - fourth large treatment room, storage space, large open space, toilet, kitchen area with storage and sinks.
Tenure
The business is being sold as a Leasehold opportunity.

10 year original lease.

8 years remain as of 2017.

Rent of £47,000 per annum, including service charge of £5,000.
Hours
The business opening times:

10am – 6pm 7 days a week.
Staff
The business is owner run with the help of 1 full time member of staff.
Financial profile
The turnover for 2016 accounts is circa £80,352, with a gross of 96%.

What Zoopla users think of CR0

Overall rating:

  • currently 4 stars
Very good - 80% (650 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Nearby transport

  • East Croydon (0.2 miles)
  • West Croydon (0.3 miles)
  • South Croydon (0.8 miles)
  • London City Airport (11.2 miles)
  • London Gatwick Airport (16.1 miles)
  • London Heathrow Airport (17.2 miles)
  • Wandsworth Riverside Quarter Pier (7.5 miles)
  • Chelsea Harbour Pier (7.8 miles)
  • St George Wharf Pier (7.8 miles)

Nearby schools

View all schools in Croydon
  • St Mary's Catholic Infant School (0.4 miles)
  • St. Mary's Catholic Junior School (0.4 miles)
  • Ark Oval Primary Academy (0.4 miles)
  • Croydon College (0.1 miles)
  • Croydon Metropolitan College (0.6 miles)
  • Cambridge Tutors College (0.6 miles)
  • Educational Excellence and Wellbeing (0.3 miles)
  • Old Palace of John Whitgift School (0.4 miles)
  • St Mary's Catholic High School (0.4 miles)
Note: Distances are straight line measurements

Local info for Croydon

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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