Superior LOCK UP GREETING CARDS, STATIONERY, with SUB POST OFFICE.
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WE ARE INFORMED the turnover averages in excess of £200 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 40% approx. Post Office salary £70,000 p.a. (no sorting).
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000
plus STOCK AT VALUATION (£2,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Listed building.
DOUBLE FRONTED MEDIUM SIZED SALES SHOP occupying a corner position, with fluorescent lighting and fully equipped including 2 greeting card stands (owned), revolving stand for post cards (on loan), post office counter with anti bandit screen (4 positions, we understand newly fitted in June 1999), burglar alarm system, etc.
Staff ladies' cloakroom with w.c. and wash hand basin.
Staff gentlemen's cloakroom with 2 w.c.'s, urinal and wash hand basin.
(These are situated on the first floor and are also utilised by the offices over).
We understand the premises are held on a secure renewable lease, the present lease have approximately 1 year unexpired at a rental of £28,000 p.a. exclusive of rates. We are further advised that the lease is renewable for a further 8 years at rent and terms to be agreed.
It should be noted that included in the lease is an adjoining lock-up shop let on lease for the same period and providing a rental income currently of £10,000 p.a. exclusive of rates.
In addition, included in the lease, are offices over, again let on lease for the same period and also providing a rental income of £10,000 p.a. exclusive of rates.
In the event of the offices becoming vacant at the end of the period, in our opinion, subject to the necessary planning permission, the offices over could be converted into private accommodation.
It will be appreciated with the rental income from the adjacent shop and offices over of a combined amount of £20,000 p.a. the net rental payable at the present time is only £8,000 p.a. exclusive of rates.
Uniform Business Rates: £3,500 p.a. approx. + water rates (metered)
OUTSTANDING OPPORTUNITY TO ACQUIRE A PROFITABLE RETAIL BUSINESS, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT, COMBINED WITH SUB POST OFFICE SALARY IN THIS SOUGHT AFTER LOCALITY.
