WEST SUSSEX COAST VILLAGE - A BUSY POST OFFICE AND NEWSAGENCY OFFERING QUIT

Price:

Leasehold - £59,950

Turnover:

Seller Ref:

P.6158

Location:

West Sussex, Bognor Regis

Business Type:

Retail businesses

See Other:

Convenience stores for sale in West Sussex
Newsagents for sale in West Sussex
Post offices for sale in West Sussex
Retail businesses for sale in West Sussex

Description:

THE BUSINESS:

OCCUPYING A CENTRE PARADE POSITION IN A LOCAL CENTRE MADE UP OF TWO SHOPPING PARADES WITH AN ATTRACTIVE PEDESTRANISED AREA IN BETWEEN, PROVIDING ALL NECESSARY LOCAL AMENITIES INCLUDING DOCTORS’ SURGERY, PHARMACY, VETERINARY CENTRE, COMMUNITY HALL, AND ALL SITUATED IMMEDIATELY ADJACENT TO THE LARGE VILLAGE GREEN AND TWO LARGE FREE CAR PARKS. TRADING AS A NEWSAGENCY WITH CONFECTIONERY (NO CIGARETTES OR TOBACCO) GREETINGS CARDS, STATIONERY, NEW FOREST ICE CREAMS, SOME SUNDRIES ITEMS PLUS THE SUB POST OFFICE, TAKINGS AVERAGE APPROXIMATELY £3,000 PER WEEK WITH WHOLESALE NEWSBILL £1,000 P.W. POST OFFICE SALARY CIRCA £24,000 PER ANNUM. UNUSUALLY SHORT TRADING HOURS, 8 A.M. TO 5.30 P.M. DAILY WITH HALF DAY SATURDAY AND OPEN FOR ONLY 3 HOURS ON SUNDAY MORNING. NORMAL POST OFFICE HOURS. VERY ATTRACTIVE, SINGLE FRONTED, AIR CONDITIONED SHOP, 18’ X 27’ OVERALL, WITH EXCELLENT SHELVING AND MAGASINE DISPLAYS, 2 POSTION POST OFFICE COUNTER, SUSPENDED CEILING, CARPETTED FLOORING. LEVEL STOCKROOM, KITCHEN AND CLOAKROOM FACILITIES. COMPLETELY SELF CONTAINED 3 BEDROOMED MAISONETTE ABOVE IN EXCELLENT ORDER WITH FULL CENTRAL HEATING AND DOUBLE GLAZING. SMALL YARD WITH GARAGE. THE PREMISES ARE HELD ON A 20 YEAR LEASE HAVING SOME 9 YEARS UNEXPIRED AT THE MOST FAVOURABLE RENTAL OF £12,872 PER ANNUM TO INCLUDED PROPERTY INSURANCE. A WONDERFUL OPPORTUNITY FOR YOUNGER OWNERS TO CAPITALISE ON THE ENORMOUS POTENTIAL THAT IS OFFERED AND MOST HIGHLY RECOMMENDED AFTER PERSONAL INSPECTION.

Lease Terms:

Currently, a full time Post Office clerk and two part time shop assistants are employed, plus a Sunday man for news distribution and looking after the shop. New actively involved owners could reduce the present wagebill dramatically and improve profitability immediately.

Trading Hours:

Shop opening: 8.00 a.m. to 5.30 p.m. Monday to Friday, 8.00 a.m. to 12.30 p.m. on Saturday and 8.00

Accommodation:

The self contained maisonette is approached via a stairway at the end of the parade leading up to a wide balcony, and comprises entrance hall with cloakroom having hand basin and w.c., inner hall area with under stairs cupboard and room for desk, slightly L shaped, south facing lounge/dining room, approx 18’ x 14’6” with fire place and two large double windows Open plan kitchen, 11’ x 10’3” with range of units to each side with floor and eye level cabinets, stainless steel double drainer sink unit, plumbing for washing machine, Combi wall mounted gas fired boiler for water and gas central heating, and gas cooker/oven with extractor hood (the latter subject to separate negotiation). Above, fully tiled and recently re-furbished bathroom with panelled bath, fitted shower and screen, hand basin, w.c., heated chromium towel rail. Front double bedroom, 14’ x 10’3”, second double bedroom 11’ x 8 and third double bedroom to rear, 11’ x 10’. Radiators throughout, excellent decorative order.