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Leasehold Lockup Main Post Office, Leicester For Sale

Leicester, Leicestershire, UK
Asking Price:
£118,000
Turnover:
£70,200
Net Profit:
Undisclosed

Key Features:
* 520 sq. ft. of current retail space
* Opportunity to extend the retail space by reconfiguring
* Rent only £1,167 PCM
* 8 Years remain (15-year lease)
* 2 Position Fortress Counter + 1 admin counter

EMF presents an opportunity to own a thriving, established business in the heart of Leicester. This leasehold lock-up Main Post Office and retail offering features a total floor space of 1,350 sq. ft. on a bustling parade of shops. With a rent of £14,000 per annum, this is a chance to invest in a profitable venture. The NET Post Office remuneration for the period from July 2023 to June 2024 was £88,359.72, with gross retail sales of £1,350 per week (as per the VAT returns made up to 31st March 2024).

The current vendor is looking to sell due to health issues, offering a new owner the potential to take this business to the next level. The Lloyds bank opposite the Post Office has closed as of November 2023, likely increasing banking services for the Post Office and boosting commissions accordingly.

The premises include:
520 sq. ft. of current retail spaceOpportunity to extend the retail space by reconfiguringRent of £1,167 PCM8 years remaining on a 15-year lease2 Position Fortress Counter + 1 admin counter

Offers around £118,000 + Stock at valuation | Ref: S35025G

Property Information

Property:

Leasehold

Business Operation

Employees:
2