A well refitted Premier branded business with fixtures & fittings including a 3.7m alcohol chiller, two drinks chillers, two 4m open chillers, two upright freezers, three chest freezers and an ice-cream freezer. The business further benefits from an internal cash machine, coffee machine and CCTV system.
Established for over 40 years and the business/property is now for sale due to retirement after having been with the current owner since 2005. The business is mainly staff run and there is scope to increase the sales via extending opening hours.
The 1,500f² open plan trading area leads to ancillary areas including stock area to the rear with delivery access on the ground floor and a further stockroom area upstairs with WC on the first floor.
The freehold purchase option includes the retail store, two upstairs 2 bedroom flats and external garage.
The leasehold purchase option includes the retail store only.
Please contact us for more details on the property.
Trading Area 140m² (1,506f²)
Stockroom Area 34m² (366f²)
Gross Annual Income: £780,000
Annual Rent: £15,000
Rateable Value*: £15,250
* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) click here for more information
Post Office Commission: £18,000 per annum
Staff: 3 contracted & 3 non contracted
Stock Value: Approximately £50,000
Average sales over £15,000 inc VAT PW
Post Office income £18,000 PA
Two 2 bed flats & garage (freehold only)
Large 1,500 f² trading area
Well established business
Retirement sale after 15 years
Mon - Sat 7:00am - 9:00pm Sunday 8:00am - 9:00pm
Is accommodation included?:
The two 2 bedroom upstairs flats are currently let on 6 months Assured Shorthold Tenancy Agreements, income of which yields £5,400 each per annum. The accommodation and garage are available as a freehold option only.
This post office, convenience & off licence business is located on Thorndale Road within a suburb of Sunderland. In a dense residential area of Thorney Close and situated just off the main road within a parade of shops the store has no direct competition and has parking spaces in front of the shop. Close to local amenities and easy access to the main city via the local bus route or car.
A new 10-20 year lease is available