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Off-Licence And Post Office For Sale

Bury, Greater Manchester, UK
Asking Price:
£695,950
Sales Revenue:
£676,000
Cash Flow:
Available on request

OFF-LICENCE AND POST OFFICE in Greater Manchester for Sale.
Our client is seeking offers for either the freehold interest in the ground floor convenience store and two first floor self-contained flats, or leasehold offers for the business alone, to include the very recently completed, fully renovated Nisa store and sub-post office. This is a highly prominent store which has seen its turnover increase four-fold since the re-branding to Nisa. Weekly turnover is £13,000 per week plus Lotto and PayStation. The store is in a particularly densely populated area with a college in close proximity with some 4,000+ students. Busy main street location at one of the busiest intersections in the area. Good, convenient on-street parking outside the store. The Post Office counter is a modern full-service counter with two stations and producing an average annual remuneration to the postmaster of circa £60,000.
The Premises Comprise: Double wide frontage, newly branded and with automatic sliding door entrance. External Post Office cash machine. The building is brick built over ground and first floor with one two bedroomed flat and one three-bedroomed flat, both self-contained with kitchen and bathroom and producing a combined rental income of £1,100 per calendar month. The ground floor store is spacious, well laid out and comprehensively stocked. Anti-slip flooring throughout, modern drop ceiling with energy efficient lighting and full coverage CCTV and fire alarm system. Long pay counter, behind the counter back-lit liquor display. Lottery counter. Most modern and attractive version of the Costa Coffee dispenser. Rear utility areas include staff toilet / washroom, a manager’s office, ground floor delivery access door from rear yard. Ample storage areas on the ground floor and a useful basement. Our clients are seeking offers in the region of £800,000 for the Freehold Property and Business, or are willing to offer a new 10, 12 or 15 year lease on the ground floor convenience store and Post Office, with the business goodwill, fixtures, fittings and equipment included for an ingoing premium of £210,000 plus stock at valuation and at an initial passing rent of £1,800 per calendar month. EPC Band D.
Stock £30,000 to £40,000.

Property Information

Property:

Freehold

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