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Well Presented Post Office In Gateshead For Sale

Gateshead, Tyne and Wear
Asking Price:
£94,950
Turnover:
Available on request
Net Profit:
Available on request

WELL PRESENTED POST OFFICE - TYNE AND WEAR
Situated in Felling
Scope for further development
Superb trading location
LEASEHOLD
Business History
Meridian Business Sales are delighted to offer to the market this well presented post office which has been in the careful hands of our clients since 1998. Our client is reluctantly offering the business to the market due to a desire to take well deserved retirement. Since our client took ownership they have invested time and money into the business and premises to the point where it is in full walk in condition. Since our client took ownership of the business they have continually developed and improved the business, introducing new lines and income streams which have enhanced the business massively. Our client informs us that they currently generate a respectable annual turnover, which is derived from the provision of post office services, pay point facility, photocopying service and photo booth together with the sale of magazines, greeting cards, stationary, confectionery, alcohol and tobacco. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a brilliant opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.
Location
This superb post office business is situated on a corner of two main through roads in the sought after area of Felling. The premises are close to public transport and the high street with many complimentary businesses which all benefit from being highly visible to passing travellers who use the road on a daily basis. The business further benefits from having private and communal parking facilities which is a huge advantage to its customers. The local area is very densely populated with a healthy mix of residential properties, trading estates, commercial businesses and shopping facilities. Felling is one of the largest urban areas in Gateshead, Tyne and Wear. Historically part of County Durham prior to the creation of Tyne and Wear in 1974, the town lies on the southern bank of the River Tyne opposite to the City of Newcastle upon Tyne and together they form the urban core of the Tyneside conurbation. Gateshead and Newcastle are joined by seven bridges across the Tyne, including the landmark Gateshead Millennium Bridge. Gateshead is easily reached through the A167(M) leading to the A184 with the A1(M) being close by.
Opening Hours
Monday: 7:00am - 6:30pm
Tuesday: 7:00am - 6:30pm
Wednesday: 7:00am - 6:30pm
Thursday: 7:00am - 6:30pm
Friday: 7:00am - 6:30pm
Saturday: 7:00am - 6:30pm
Accommodation
Roller shuttered entrance
Post Office signage
Secured entrance leading to:
GROUND FLOOR PREMISES
Well lit sales area
1 chilled fridge - soft drinks
1 chilled fridge - alcoholic drinks
Shelving for - Greeting cards, stationery, wines, spirits, beers
Photo Booth (generates approx £4,000pa)
Photocopier (Leased)
Separate Post office area:
Well equipped for business
Tobacco sales
EXTERNAL
Roller shutters to windows and doors
CCTV
Notes:
Our Client owns a 2 bedroomed flat above the post office which he rents out. He would be willing to include the flat in the asking price, with a higher rent of £14,000 if the purchaser wishes to take on the accommodation upstairs.

Property information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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