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Post Office Convenience Store In Hadston For Sale

Hadston, Northumberland, UK
Asking Price:
£95,000 Furniture / Fixtures included
Sales Revenue:
£300,000
Cash Flow:
Available on request

• Turnover circa £350,000 per annum.
• Post Office Income circa £15,000 per annum.
• Recently refurbished and refitted premises.
• Parade location with designated car park.
• Expanding residential area near Amble.
• Very low fixed overheads.
• Leasehold - OIRO £95,000 plus stock.

Property Information

Property:

Leasehold

Lease Terms:

The premises are held by way of a 10 year lease from 2016. The current rent is £6,670 per annum and there is a rent review at the 5th anniversary.

Leasehold Rent:

£6,670 per annum

Location:

This is a busy shop which is located within a busy shopping centre serving this expanding residential area just to the south of Amble.

Hadston lies just to the south of Amble and effectively incorporates Red Row and South Broomhill. There has been some new housing built over the last few years which has increased the numbers in the local community. There is a good loyal customer base which is reflected in the 6 morning delivery rounds.

Business

The business is long established but the units have been refurbished recently and the Post Office was incorporated into the existing CTN business approximately 3 years ago.
In addition to the CTN goods, the business also sells some convenience goods and alcohol plus hardware and houseware items. Internally the shop is in excellent condition and there is no work required by any new owner on occupation.

The centre has the benefit of a designated car park and there is also pull in parking directly outside the subject shop. This is also where all the school buses drop off and pick up each day. Viewing is recommended to appreciate the fit, finish and the location of the site.

Premises Details:

Comprises 2 interconnecting shop units forming part of a larger parade.

Ground Floor - Unit 15
Sales Shop circa 52.4 sq.m. (565 sq.ft.).
Stores circa 7 sq.m. (75 sq.ft.)
W.C.

Ground Floor - Unit 16
Sales Shop circa 63.2 sq.m. (680 sq.ft.).
Stores circa 7 sq.m. (75 sq.ft)
W.C.

External
Yard Area with store.

Business Operation

Trading hours:

Monday - Saturday 6.00 a.m. - 7.30 p.m.
Sunday 6.00 a.m. - 12.30 p.m.

Employees:
Currently run by our clients with the help of staff (weekly wage bill circa £680).

Other Information

Post office salary:
£15,000 per annum

Contact North East Commercial

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