Post Office Remuneration £40,000 per annum
Modern Well Fitted Shop in a Heavily Populated Residential Area
Includes Spacious and Comfortable Living Accommodation *
Freehold Price £399,999
Leasehold Price £165,000
Description and Trade:
A wide fronted Convenience Store and Post Office with high retail sales and healthy Post Office Remuneration.
This Business occupies a good trading location in a residential area, and has easy roadside customer car parking and forecourt.
The Shop sells General Groceries, Beers, Wines and Spirits, Newspapers and Magazines, Greetings Cards and Sundry Lines.
To the rear of the Property there is a large area of land and a block of seven Garages. The Land and Garages are only available if purchased Freehold. This land has lots of potential for housing development.
Potential also exists to expand the shop size and extend and convert the upper floor into four flats.
(Development and conversions are subject to planning approval).
The Retail Shop has a tiled floor and suspended ceiling and is well fitted for the trade with: wall and double-sided gondola display shelving, cascade dairy cabinet, chest freezers, chilled drinks cabinet, greetings cards display stands, ATM machine, checkout counter with full EPOS cash registers for price lookup and reordering software.
The Post Office has one Fortress position and Combi Counter.
Accommodation (only available freehold):
An internal staircase leads to the Living Accommodation on the upper floor:
Two Double Bedrooms; large Single Bedroom; Living Room: Kitchen; Bathroom and w.c.
* The Living Accommodation would, with some minor alterations, be suitable for letting or sub-letting. Potential Rental Income would be around £6,000 per annum.
This is an opportunity to acquire a successfully operated long established business with lots of potential for more.
Our Client Informs Us That:
Takings and Profitability:
Trading accounts for the year ended October 2014 show nett Retail Sales £489,685, plus income from the Post Office of £40,211.
Commissions are earned from the sale of Lottery tickets, in-store ATM machine and electronic payments services.
There has been a recent upturn in sales, and we are informed that in the three months up to February 2015 retail takings were, on average, over £13,000 per week (including VAT).
6.00am – 9.00pm each day
9.00am – 5.30pm Monday to Friday
9.00am – 1.00pm Saturday
The Business is operated by the owner with the help of one full-time assistant and two part-time assistants.
Tenure and Price (to include Fixtures and Fittings):
Freehold £399,999 plus stock at valuation.
Leasehold £165,000 plus stock at valuation for the lock-up Shop only. There will be a new negotiable term lease. Commencing rent £14,000 per annum with 3-yearly review dates.
The Leasehold option will not include the land to the rear, Garage block or Living Accommodation, although the Accommodation may be available if required, but additional rent will apply.
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