Post Office And Store In Axminster Devon For Sale

Business description

Preferred Commercial is delighted to offer for sale this busy Post Office and convenience store, which was established in 1992 and which has been in our clients' careful hands since 2001. Axminster Post Office is only now offered to the market due to our clients' wish to retire. The business trades 6 days a week and generates a turnover in the region of £125,000 per annum with a gross profit of 27% and a Post Office salary of £90,000 per annum. As well as general Post Office services, the store offers an extensive range of products including CTN lines, convenience lines, stationery, cards and the Lottery. We feel there is scope to increase turnover by offering newspaper deliveries and extending the opening hours. A new owner could, if desired, extending the range of products available and perhaps by offering hot and cold food. The shop is well-supported by the local community, receiving much repeat trade and word of mouth recommendations. The premises are well-equipped to suit the busy trade and boast a spacious retail area and large storeroom. This is an ideal opportunity to acquire an already busy Post Office and convenience store in such a desirable location with huge scope for future development. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold:
Original length: 25 years
Remaining: 5 years
Review: every 5 years (June 2012)
Current rent: £15,200 per annum

Leasehold rent:

£15,200 per annum

Location:

Axminster Post Office occupies substantial mid-parade lock-up premises, ideally located in a sought after area of the town centre of Axminster, Devon. The business is surrounded by a mixture of residential and commercial properties and receives a high footfall with much passing trade. The area is well-served by public transport with numerous bus stops and a railway station with a hourly service to London Waterloo and Exeter from Axminster town. There are a number of amenities and attractions in the area, including schools, the Axe Valley Community College and Axminster Hospital. The town is a desirable place in which to live and work, boasting many hotels, bars and restaurants, such as River Cottage Canteen and Deli. The premises boast easy access to the A358, A35 and the M5 motorway. Lyme Regis lies approximately 5 miles to the south, while Exeter is approximately 26 miles to the west.

Premises details:

Substantial ground floor lock-up Post Office premises in a busy parade of shops. Briefly comprising:

Ground Floor
• Retail area with newspaper and magazine rack, confectionery display, a forty four ft greeting card display, stationery display, book display, Lottery terminal and photo booth
• Post Office counter with 5 positions
• Office with kitchen area
• Storeroom
• Ladies and gents WCs with wash hand basins

External
• Frontage onto busy high street

Other information

Trading hours:

Mon - Fri: 9:00am to 5:30pm
Sat: 9.00am to 12.30pm
Sun: Closed