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Retail premises for sale

£40,000

194A Eleanor Cross Road, Waltham Cross EN8

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Property description

Business
Hilton Smythe welcomes to the market The Mighty Local, which was purchased by our client in 2017, however, due to other business commitments the shop is now back on the market.
The Mighty Local is an off licence/convenience store selling wines, beers and spirits along with tobacco, confectionery and Eastern European foods and meats.
We believe the business could benefit from the following suggestions:
A web site
A social media site
A local leafleting campaign to let the local community know they are there
Hilton Smythe highly advise early viewing to avoid disappointment.

Location
The Mighty Local is located in Waltham Cross, Hertfordshire on the border with Waltham Abbey on a main road between the two towns, close to a large residential area, which brings in a high footfall.
The business occupies a prominent corner position on the A121 and the name of the business currently reads Corner Food and Wine.
There are several bus routes that run outside the premises, with bus stop in easy walking distance.

Premises
To the front of the premises is a storage display for fruit and veg.

Entering the store from this area you will find the service counter with tobacco and spirits behind and confectionery in front. The shop has 2 aisles with a central double sided 6 tier display. There is multiple shelving and two drinks display fridges.

To the rear of the shop is the storage area with multiple shelving, door to outside and door to the staff WC.

The shop has CCTV and air conditioning.

Tenure
We are advised the business is being sold as a Leasehold business opportunity with a 10-year lease from 2017 and an annual rent of £10,000.

Hours

The business opening hours:
Monday-Sunday: 8am -11pm

Staff
The business is run and managed by our client, with the help of 2 x members of staff.

Financial Profile

The Mighty Local generated an advised turnover of circa £260,000, pro rata, as of the 2017 accounts.

What Zoopla users think of Waltham Cross

Overall rating:

  • currently 4 stars
Very good - 75% (54 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4.5 stars
Transport & travel

Rate Waltham Cross:

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Waltham Cross (0.3 miles)
  • Theobalds Grove (0.8 miles)
  • Enfield Lock (1.1 miles)
  • London City Airport (12.9 miles)
  • London Stansted Airport (17.6 miles)
  • London Luton Airport (19.9 miles)
  • East India Pier (12.4 miles)
  • Canary Wharf Pier (12.4 miles)
  • Hilton Docklands Nelson Dock Pier (12.5 miles)

Nearby schools

View all schools in Broxbourne
  • Holdbrook Primary School (0.1 miles)
  • Four Swannes Primary School (0.5 miles)
  • St Joseph's Catholic Primary School (0.6 miles)
  • Haringey Sixth Form College (6.0 miles)
  • LAE Tottenham (6.0 miles)
  • Big Creative Academy (6.8 miles)
  • Oasis Academy Enfield (0.9 miles)
  • Lea Valley High School (1.1 miles)
  • Aylands School (1.3 miles)
Note: Distances are straight line measurements

Local info for Broxbourne

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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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Disclaimer

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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