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Freehold NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY with SUB
Price:
Freehold - £599,950
Leasehold - £185,000
Business Type:
Retail businesses
Nationwide are pleased to offer to the market : Outstanding opportunity to acquire a Spacious Freehold Business, combined with Sub Post Office and with the advantage of 2 flats over, at present both let on shorthold tenancies and providing a rental income, however, we understand vacant possession can be given on completion, if required.
SPACIOUS TRIPLE FRONTED SALES SHOP with 2 entrances, industrial non-slip floor. Well equipped including counter, electronic cash register, 1 upright double door drinks display fridge (on loan), 1 upright single door drinks display fridge (on loan), 4 greeting card display stands with drawers, ice cream deep freeze (on loan), modern adjustable shelving. Post Office counter with anti-bandit screen (4 positions) etc. ATM machine (outside of premises).
Stairs to staff room
WE ARE INFORMED the turnover averages £4,500/£5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,400 p.w. Gross profit 20% approx. Post Office salary £78,000 p.a. (we understand the sub post office has the advantage of being able to issue passports, motor vehicle licences and foreign currency).
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £32,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (With the rental income currently of £14,760 p.a. the net rental payable at the present time is £17,240 p.a. exclusive of rates).
Uniform Business Rates: £3,740 p.a. approx.
THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 25 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £185,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £599,950 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Situated in a parade, excellent main road trading position, densely populated residential area, EAST SUSSEX.
The accommodation all in GOOD CONDITION in the form of 2 SELF CONTAINED FLATS over, comprises:
Flat No. 1. At present let on a shorthold tenancy and providing a rental income of £600 per month, however, we understand vacant possession can be given on completion. This spacious flat with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen with fitted units
Flat No. 2. This Self Contained Flat is also at present let on a shorthold tenancy and provides a rental income of £480 per month, however, we understand vacant possession can be given on completion, if required. The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Double Bedrooms each with fitted wardrobes
Shower room with shower, w.c. and wash hand basin
Additional shower
Large Lounge with fitted kitchen area
Ground Floor. Adjoining the main shop is a Self Contained small un
UK Non-Specific
£ 800,000
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Business Services that may be of Interest:
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