Country Post Office and General Store For Sale

Business description

Massive Post Office and Convenience/General Store in picturesque West Devon village. This business has received confirmation from the Post Office that it will NOT be closed. PO Salary of £30k plus weekly takings of £10k. Planning permission to double size of retail space. Price includes adjoining 4 bedroom house and 1bedroom flat at rear.

This is a very substantial property with estimated retail space of approx. 144 square metres. Planning permission has been obtained to virtually double the retail space and install offices or a separate flat above the shop.

Adjoining the retail premises is a large 5 bedroom house which is capable of producing a rental income of £11,200 per annum. This property could be split off from the shop freehold and subdivided into a 4 bedroom house and one bedroom flat.

The Post Office salary is presently £30k per annum and the general store produces weekly sales of £10k. All post offices in the surrounding area are marked for closure which should result in a significant uplift in sales for this business.

The shop is the only shop and post office in the village that has a world renowned hotel nearby catering to the tourist trade and amateur fly-fisherman.

There are plans for another 100 houses to be built in the village which provides significant potential for additional business.

The business has been owned by the vendors for approximately 5 years and during that time they have built up a first class and profitable enterprise backed by the security of an excellent freehold property.

The opportunity exists to develop the retail premises, subdivide and sell off the adjoining house or maintain the whole and enjoy both the business and investment income in a lovely rural setting.

Property information

Property:

Freehold

Living accommodation:

There is an adjoining 4 bedroom house plus a one bedroom flat. There is also planning approval for a flat/office/retail space above.

Location:

Located on the mains street of a West Devon village.

Other information

Expansion potential:

There is the opportunity to increase the retail space, develop the site and/or sell off the house next door. The village is about to see a significant increase in the number of dwellings as a result of a substantial residential development.

Competition / Market:

This is the only post office and general store in town.

Support & training:

As required and agreed

Reasons for selling:

Retirement

Trading hours:

Monday-Friday 7-6, Sat 8-6 and Sun 9-1

Related documents:

• 
• Confidentiality Agreement

Contact the seller