Sussex Coast Newsagency And Post Office Huge Potential For Sale

Business description

This totally unopposed, modern, parade newsagency with sub post office offers enormous growth potential and serves a popular residential village on the delightful West Sussex coast.
Occupying a centre parade position in a local centre made up of two shopping parades with an attractive pedestranised area in between, providing all necessary local amenities including doctors’ surgery, pharmacy, veterinary centre, community hall, and all situated immediately adjacent to the large village green and two large free car parks. Trading as a newsagency with confectionery (no cigarettes or tobacco) greetings cards, stationery, new forest ice creams, some sundries items plus the sub post office, takings average approximately £3,000 per week with wholesale newsbill £1,000 p.w. post office salary circa £24,000 per annum. Unusually short trading hours, 8 a.m. to 5.30 p.m. daily with half day Saturday and open for only 3 hours on Sunday morning. Normal post office hours. Very attractive, single fronted, air conditioned shop, 18’ x 27’ overall, with excellent shelving and magazine displays, 2 postion post office counter, suspended ceiling, carpetted flooring. Level stockroom, kitchen and cloakroom facilities. Completely self contained 3 bedroomed maisonette above in excellent order with full central heating and double glazing. Small yard with garage. The premises are held on a 20 year lease having some 9 years unexpired at the most favourable rental of £12,872 per annum to included property insurance. A wonderful opportunity for younger owners to capitalise on the enormous potential that is offered and most highly recommended after personal inspection.

Property information

Property:

Leasehold

Lease terms:

The property is held under a secure 20 year lease from October 2000, subject to 5 yearly rent reviews, at a current rental £12,872 per annum which includes the Landlord’s property insurance.

Leasehold rent:

£12,872 per annum

Living accommodation:

THE SELF CONTAINED MAISONETTE: is approached via a stairway at the end of the parade leading up to a wide balcony, and comprises entrance hall with cloakroom having hand basin and w.c., inner hall area with under stairs cupboard and room for desk, slightly L shaped, south facing lounge/dining room, approx 18’ x 14’6” with fire place and two large double windows Open plan kitchen, 11’ x 10’3” with range of units to each side with floor and eye level cabinets, stainless steel double drainer sink unit, plumbing for washing machine, Combi wall mounted gas fired boiler for water and gas central heating, and gas cooker/oven with extractor hood (the latter subject to separate negotiation). Above, fully tiled and recently re-furbished bathroom with panelled bath, fitted shower and screen, hand basin, w.c., heated chromium towel rail. Front double bedroom, 14’ x 10’3”, second double bedroom 11’ x 8 and third double bedroom to rear, 11’ x 10’. Radiators throughout, excellent decorative order. The purchase of carpeting and other items can be negotiated separately.

Premises details:

THE SMART, SINGLE FRONTED SHOP: with internal measurements approximately 18’ x 27’ deep, is air conditioned and very well appointed being arranged on self selection lines. Fittings include 8’ x 4 tier magazine display with news plinth under, 3 x 4’ and one 3’ greetings cards cabinets, card spinners, single upright drinks cooler, open chiller cabinet for sundries including snack foods, central gondola, Pic Epos electronic cash register, electronic scales and New Forest ice cream freezer. CCTV installed, carpeted flooring, suspended ceiling with diffused strip lighting. Two position Post Office counter to the rear. Beyond the shop, staff cloakroom with hand basin and w.c., shop kitchen with sink unit plus a small stock/storage area. Access to rear enclosed yard with garage having rear access and partitioned to provide a newspaper delivery/receiving area.

Business Operation

Trading hours:

Shop opening: 8.00 a.m. to 5.30 p.m. Monday to Friday, 8.00 a.m. to 12.30 p.m. on Saturday and 8.00 a.m. to 11.00 a.m. only on Sunday. Normal Sub Post Office hours – 9 a.m. to 5.30 p.m. daily with half day Saturday, closing at 12.30 p.m. The newspapers are collated and delivered from 7.00 a.m. onwards but the shop does not open until 8.00 a.m.

Employees:

Currently, a full time Post Office clerk and two part time shop assistants are employed, plus a Sunday man for news distribution and looking after the shop. New actively involved owners could reduce the present wagebill dramatically and improve profitability immediately.

Other information

Related documents:

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• Document

Post office salary:

£25,000 per annum