Post Offices for sale in Ventnor

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 A great experience – we had more buyer enquiries through Daltons and the exposure was invaluable to the eventual sale 

Brian Marshall (May 2014)
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Leasehold Price: £85,000
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Business Description
Occupying two adjacent units amounting to some 12 m of glazed pavement frontage, the retail sales areas total approximately 107 m² (1152 ft.²) inclusive of the post office counter. Customers enter the shop through the right-hand unit with the 2/3 counter post office being directly in front. The remainder of this area is laid to display merchandise and houses the retail sales counter. Open to the left unit is mainly laid to cater for the display of greetings card, arts and crafts and stationery items. Seasons retail offer includes newspapers and magazines, periodicals, toys, gifts, confectionery, soft drinks and smokers requisites alongside the greetings cards, stationery and books.
Stairs from the sales area lead down to a lower ground floor currently utilised and divided into storerooms, two offices and staff facilities. There is also access to a yard from the lower ground floor and a further staircase from the sales area to some first floor storage.
Seasons is a long established and highly regarded family business operated by our Clients since 2006. The business has grown steadily over this period and in particular the housing of the town's post office in May 2013 has significantly contributed to both the sales, income and profitability of the business. Alongside an impressive retail turnover including a weekly news bill varying between £700 and £1,100 per week, payments are derived from the two counter post office with a 3rd counter operating from 7:30 AM to 9:00 AM. Payments to the business from the post office for its services have been at the rate of £40,000 per annum however since the last high Street Bank closed (HSBC) our Clients have experienced a further sharp uplift in Post Office trade and it is anticipated that the current financial year's payments will be approaching £50,000.
Accounting information provided demonstrates healthy profits are available to the right operators and more detailed financial information is available to bona fides applicants after inspection.
Interested parties will be required to attend interviews and training with Post Office Counters Ltd.

Opening hours:
Shop - 7 AM to 5:30 PM Monday to Saturday 8 AM to midday Sunday.
Post Office - 7:30 AM to 5:30 PM Monday to Saturday 9:00 AM to midday Sunday.
Tenure: Leasehold

Location Details:

Seasons arguably occupies the most prominent position in Ventnor's town centre. Sited on the corner of the high Street it's two wide fronted joined retail units are unmissable to any visitor to this highly popular resort town. Being the town's main post office since May 2013, Seasons is extremely well placed to continue increasing its already highly impressive sales to both local and passing trade. It's location is further advantageous given the proximity to Boots the Chemist, Co-op Supermarket and Hursts and with the recent closure of HSBC bank meaning the Post Office is now an essential Hub for the immediate population of around 6000 residents which is substantially boosted during the extending summer season. There has been considerable recent investment and development of Ventnor's famous Esplanade and Beachfront following the creation of a small harbour.

Leasehold Term:

The premises are held on the residue of a 15 year term from April 2006 at a current passing rent of £17,000 per annum exclusive. Tenants will enjoy the security of tenure provisions provided by the landlord and tenant act 1954. Please note that the buyer will be expected to pay the landlord's legal fees and assigning the lease.

Listed by: Gully Howard Technical Ltd
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