Main Post Office plus Off Licence in Middlesex For Sale

Situated in a parade, main road trading position, MIDDLESEX

Turnover £ 850
Post Office £ 96,200
Price £175,000

Features

Stationery, Greeting Cards, Soft Drinks with Main Post office

ATTRACTIVE DOUBLE FRONTED SALES SHOP probably in the region of 550 sq. ft. sales area with tiled floor, suspended ceiling with LED lighting. Counter with electric cash register, post office combination counter, slats to walls, greeting card display, upright glass fronted drinks display fridge (on loan from Coca Cola). Post Office counter with anti-bandit screen (2 positions) plus post office combination counter etc.

Staff cloakroom with w.c. & wash hand basin
Small kitchen

Turnover

WE ARE INFORMED the turnover is in the region of £1,200 p.w. in our opinion offering tremendous potential for development in the right hands. We are further advised that the post office income is in the region of £96,200 p.a.

Staff

At present operated by the vendor with the assistance of a relative plus 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 9 a.m. - 6 p.m.
(We understand from the present owner it is his intention to open very shortly until 7.00 p.m. each day).
NO SUNDAY TRADING

Outside

Yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in 2025 at a current rental of £17,500 p.a. exclusive of rates up to 2022 with rent to be agreed thereafter. We understand the landlord will grant, subject to satisfactory references, a new 20 years lease at a rental of £20,000 p.a. with rent reviews every 5 years. We are further advised the landlord will grant a shorter lease if required, we are advised the Landlord requires a 12 months rent deposit.

** The Purchaser is to be responsible for the Landlord's costs **

Business Rates from April 2023 £464 approx. (Please contact local authority to confirm)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION (£3,000/£4,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote