Freehold Post Office & Convenience Store in Tyne and Wear

Nationwide are delighted to present to the market NEWS, CONFECTIONERY, TOBACCO, CONVENIENCE GROCERIES with MAIN POST OFFICE. Situated in a parade, main road trading position, NEWCASTLE-UPON-TYNE.

We understand the business has been in the same family since 1938 & the present owner now wishes to retire.

SPACIOUS SALES SHOP probably in the region of 900 sq. ft. sales area, lino floor, suspended ceiling with concealed lighting. Counter with post office combination counter, in addition there is a post office counter with anti-bandit screen (2 positions), shelving, greeting card display section, 3 single door glass fronted fridges etc.

Storeroom
Kitchen
2 w.c's

Turnover : £7,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,100 p.w. We are advised that the post office income showed £68,315 for last year. This included the commission paid in respect of an external ATM machine & the commission from the sale of on line national lottery tickets plus scratchcards.

OFFERS INVITED TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £250,000 plus STOCK AT VALUATION (£20,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £85,000 Freehold : £250,000 (C9212)

www.NationwideBusinesses.co.uk