Detached Self Service Convenience Store With Sub Post Office For Sale

Business description

No parking restrictions

Forecourt/car parking area in front of shop, for approx. 5 cars.

SPACIOUS DOUBLE FRONTED SALES SHOP approx. 1,000 sq. ft. sales area with tiled floor, suspended ceiling with fluorescent lighting, air conditioning. Equipment includes 2 open cool display units (on loan from Coca Cola), additional open cool display unit (used for dairy produce), counter, electronic cash register, 3 greeting card display stands with drawers, post office counter with anti bandit screen (4 positions), etc.

Office
Large storeroom plus 2 additional storerooms
Staff cloakroom with w.c. and wash hand basin
Staff kitchen

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform business rates, £900 p.a. approx. plus water rates.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The spacious living accommodation, with FULL GAS FIRED CENTRAL HEATING, comprises: 4 Double Bedrooms Bathroom with bath, w.c. and wash hand basin Separate w.c. Large Lounge/Dining Room Spacious fully fitted kitchen/breakfast room

Location:

Village residential area, S. WALES.

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £15,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of newspaper deliveries and an in-store bakery. Wholesale newsbill £750 p.w. Post Office salary £55,000 p.a. approx. The premises also have an ATM machine and we understand this provides an additional revenue of approx. £500 per month. The business also have Payzone and we understand this provides a further income of approx. £300 per month.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS, £550,000 plus STOCK AT VALUATION. SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Retail shop, Monday/Saturday incl. 7.30 a.m. - 9 p.m.
Sunday opening 8.30 a.m. - 9 p.m.
The sub post office section opens Monday/Friday incl. 9 a.m. - 5.30 p.m
Saturday opening 9 a.m. - 12.30 p.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.