Sub Post Office With Pound Shop In Middlesex For Sale

Business description

Electric Shutters to SINGLE FRONTED SPACIOUS SALES SHOP 1,000 sq. ft. approx. with non-slip industrial floor, suspended ceiling with concealed lighting. Air conditioning unit. Well equipped including modern adjustable shelving, centre display gondola, counter, electronic cash register with combination Post Office counter, 2 open cool display units (on loan from Coca Cola), 3-tier ice cream deep freeze (on loan), upright double door glass fronted drinks display fridge (on loan from Lucozade), 3 greeting card display stands. Post Office counter with anti-bandit screen (2 positions plus parcel hatch). CCTV system with 4 cameras, 2 monitors plus recording.

Stockroom
Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having 14 years unexpired from July, 2011 at a current rental of £17,000 p.a. exclusive of rates up to July, 2016 with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £5,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation in the form of a SELF CONTAINED MAISONETTE over with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy and provides a rental income of £10,200 p.a. however, we understand that vacant possession can be given on completion, if required. The accommodation comprises: 3 Bedrooms (2 doubles, 1 single) Bathroom with bath, w.c. and wash hand basin Lounge Fully fitted kitchen In addition there is a first floor balcony at rear

Location:

Situated in a parade, excellent main road trading position, densely populated residential area, MIDDLESEX

Business Operation

Expansion potential:

WE ARE INFOMRED the turnover averages £1,800 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit we are advised in the region of 40% approx. Post Office salary £45,000 p.a. approx. (including commission received from the sale of on line national lottery tickets plus scratch cards). The business also has Oyster and we understand this provides a further revenue of approximately £70 p.w

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £140,950 or near offer plus STOCK AT VALUATION (£15,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Retail Shop
Monday - Saturday inclusive - 8.30 a.m. - 7 p.m.

Sub Post Office Section
Monday - Friday inclusive - 8.30 a.m. - 5.30 p.m.
Halfday Saturday closing at 1 p.m.
NO SUNDAY TRADING

Employees:

The business is at present operated by the vendor with the assitance of 1 part staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance

Post office salary:

£45,000 per annum