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Post Office & Store In Ashington To Let For Sale

Ashington, Northumberland, UK
Asking Price:
£59,950 Furniture / Fixtures included
Turnover:
£360,000
Net Profit:
Available on request

• Post Office Income circa £35,000 per annum.
• Designated as “Local Plus” to include banking services.
• Turnover circa £360,000 per annum including commissions.
• Long established family operated business.
• Located within busy residential area.
• Planning permission in place to convert upper floor.
• Leasehold £59,950 plus stock at valuation.

Property Information

Property:

Leasehold

Lease Terms:

New lease with terms to be agreed.

Leasehold Rent:

£15,000 per annum

Living Accommodation:

Our client applied for planning permission to develop the upper floor into 2 or 3 bedroom living accommodation and these plans are available on request.

Location:

Location:

The business is situated on the main road running to the south of this expanding town and approximately 2 miles to the south of the main town centre. Ashington is well served by roads and the A189 Spine Road connects the town quickly with surrounding areas and on towards the A19 and A1.

The business occupies a prominent site on a busy roundabout at the junction of Milburn Road and Newbiggin Road and adjacent to a pleasant private housing estate and a busy GP Surgery centre. There is ample free on street parking and Newbiggin Road is a busy bus route.

Business:

This business has been in the same family ownership since the late 1990’s but has now been placed on the market as they are looking to reduce their commercial commitments.

The business trades as a traditional CTN, convenience store with off licence and Post Office. The premises is fitted and equipped for the trade and are in good order with little for any new owner to attend to on acquisition. Over the last few years the owners have invested in new chiller units and LED lighting and CCTV has been installed to the retail element. There is scope to extend the lines sold and the evening hours could be extended from the existing 5.30pm closing time as the shop is permitted to sell alcohol till 10pm. The Post Office only trades core hours but there is genuine potential to push the later trading hours and the local housing estates and busy main road are likely to support this move.

Our client applied for planning permission to develop the upper floor into 2 or 3 bedroom living accommodation and these plans are available on request.

Premises Details:

Comprises a detached property of traditional brick construction with a slate roof over. Accommodation;
Ground Floor;
Retail Area extending to circa 1,160 sq.ft. (107.6 sq.m.) consisting of the main sales shop space which incorporates the separate Post Office counter at the rear of the unit.
Store / Staff Area circa 186 sq.ft. (17.3 sq.m.)
2 x Staff W.C.’s

Energy Performance Rating:
C

Business Operation

Reasons for selling:

Retirement sale.

Trading hours:

Mon, Tues & Thurs 6.00 am - 5:30 pm 9.00am - 5.30pm
Wed & Fri 6.00 am - 7.30 pm 9.00am - 5.30pm
Saturday 6.00 am - 7.30 pm 9.00am - 12.30pm
Sunday 6.00 am - 12 noon closed

Employees:
Currently operated by the 2 owners with the help of 2 part-time Post Office members of staff.
Years established:
Over 20 years.

Other Information

Post office salary:
£35,000 per annum

Contact North East Commercial

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