This is a completely unique and rare opportunity to take over a well established and profitable independent supermarket in the heart of Kentish Town High Road.
The premises are prominently situated on the eastern side of Kentish Town Road close to its junction with Anglers Lane. Kentish Town Station (Northern Line and Thameslink) is less than a 5 minute walk away. Kentish Town Road is a popular high street with a good mix of traditional occupier and independents ensuring good footfall.
This is a completely unique opportunity to take over a well established and profitable independent supermarket in the heart of Kentish Town High Road.
Phoenicia has an excellent presence and reputation as a business and has been trading since 2003.
Rated 4.6/5 on Google reviews.
We have been informed that the current business insurance is £7,500 per annum
Gross Internal Area - 573.9 sq m / 6,177 sq ft
Quadruple fronted Glass Frontage, Freezer room, Air Conditioning, Internal Electric Shutters, LED Lighting, Tile Flooring, WC's, Rear Access
The premises is split on 3 separate leases, please see below for details:
186 Kentish Town Road - New lease started 27th July 2020
188 Kentish Town Road - Due to be renewed in 2022
190-192 Kentish Town Road - Due to be renewed this year (2021)
Current Rent £156,000 per annum
£1,000,000 premium sought for the benefit of the lease and business
Business Rates - £73,000 Per annum. Parties are advised to make their own enquiries with the local authority.
Under the Finance Acts 1989 and 1997 VAT will be levied on the rental price. We recommend that the prospective tenants establish the VAT implications before entering into any agreement.
Strictly via the Landlord's sole agent Drivers and Norris.
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