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Post Office, C-Store & Owners House, Ryhope (ref.1174) For Sale

Sunderland, Tyne and Wear, UK
Asking Price:
£359,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Leasehold option available on business only or business/house. Local Plus Post Office with modern Convenience Store. Beautifully presented 4 bed/3 bathroom owners accommodation. Both shop and house immaculately presented throughout. Profitable retail opportunity with healthy profits in attractive coastal village setting. Alcohol licence valid from 6.00am to 11pm, seven days a week. Currently trades 6 days and closes at 7pm daily. Potential for extended trading.

This Post Office Shop and family home is located in the coastal village of Ryhope in Tyne and Wear, north-east England. Ryhope is situated towards the southern boundary of Tyne and Wear with the city of Sunderland approximately 3 miles to the north and Seaham 3 miles to the south.

Our client has owned and operated Ryhope Village Post Office and Convenience Store for approximately 9½ years now, during which time they have invested heavily by way of extending the property, carrying out a major refit and also modernising the living accommodation.

Both the commercial premises and the owners accommodation are immaculately presented throughout and in genuine walk-in condition.

Our client has reluctantly placed the property on the market for personal reasons and it would ideally suit both an experienced operator or someone new to the retail scene looking for a business with no immediate expenditure required.

The current owner chooses to trade only six days per week closing on a Sunday and unusually for a licenced Convenience Store, closes at 7.00pm on the other six days. There is definitely scope for these hours to be extended should the new owner wish to do so.

Trading as a Local Plus Post Office alongside the well stocked licensed Convenience Store side offering all the usual range of products.

Our client would consider leasing the retail premises at an initial rental of £10,000 per annum. A premium of £99,000 is sought for the goodwill of the business. The house is also available if required at a rental of £825 per month.

Property Information

Property:

Freehold

Living Accommodation:

The house has independent access from the front whilst access can also be made from behind the Post Office counter.

Accommodation on the ground floor comprises bathroom/utility room, lounge (front facing with large bay window), kitchen/dining room with patio doors leading to rear garden.

Accommodation on the first floor comprises a large first floor landing opening out into 4 good sized bedrooms, one of which is ensuite, separate w/c and bathroom with shower cubicle.

There is also a full sized loft area with planning permission in place for further residential extension. Plans are available upon request.

Location:

This Post Office Shop and family home is located in the coastal village of Ryhope in Tyne and Wear, north-east England. Ryhope is situated towards the southern boundary of Tyne and Wear with the city of Sunderland approximately 3 miles to the north and Seaham 3 miles to the south.

The main A19 routing is reachable within a few minutes drive which links the A1(M) giving good road access to both the surrounding areas and further afield.

The village developed from a triangular green in the centre but over the years has developed outwards and is a desirable residential area ideal for commuting to the likes of Sunderland, Newcastle and Durham. Ryhope offers excellent schooling with primary and secondary schools along with a wide selection of social activities, many of which are associated with the nearby coastline.

Premises Details:

The subjects are detached, brick built with a pitched, tiled roof. The business premises are located on the left hand side with the entrance opening out into premises which were extended in 2014 trebling the size of retail space on offer.

The residential accommodation has independent access to the right hand side and is formed over the ground and first floor levels with additional attic space.

There is a small garden area to the front and a patio area to the rear.

Alongside the property is a gated driveway which allows for easy access to the storeroom for deliveries. Several cars could also be placed in the driveway although it must be noted that other properties have right of access for maintenance purposes when required.

Energy Performance Rating:
B  View EPC Graph for this property

Business Operation

Trading hours:

Monday to Saturday 7.00am – 7.00pm
Sunday Closed.

Employees:
The business is run by the owner along with 4 p/t staff.
Years established:
9½ years

Other Information

Financing available:

Contact Cornerstone to discuss how we can assist you in arrange suitable finance.

Related Documents:

Contact Information

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