Attractive Post Office & Convenience Store in Middlesex For Sale

Situated in a parade, residential estate near HEATHROW AIRPORT, MIDDLESEX

Turnover £ 6,000
Post Office £ 64,000
Price £169,950

Features

Attractive well Fitted Counter News, Confectionery, Tobacco Slight Convenience Groceries, Full Free off Licence with Main Post office

The business has been in the same hands since 2006

SPACIOUS DOUBLE FRONTED SALES SHOP 725 sq. ft. with quality tiled floor, suspended ceiling with concealed lighting. Counter, till with EPOS scanning system plus post office combination counter, modern adjustable shelving, open cool display unit (used for wines & beers), open cool display unit (used for soft drinks), post office counter with anti-bandit screen (2 positions plus parcel hatch) etc.

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £900 p.w. We are further advised that the post office income is in the region of £64,000 p.a. including VAT.

Staff

At present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 5.30 p.m.
Sunday opening - 6 a.m. - 12.30 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE over, all in GOOD CONDITION, currently let and providing a rental income of £1,450 per month, comprises:

3 Bedrooms (2 doubles (1) 10' x 10' with fitted wardrobe (2) 11' x 7' 1 single 10' x 6')
Bathroom with bath, shower over bath, w.c. & wash hand basin
Large Lounge 17' x 10' approx.
Kitchen 12' x 6' approx with fitted units

Outside

Yard
2 Garages

Tenure

We understand the premises are held on a secure renewable lease for a period of 15 years from the 23rd April, 2014 at a current rental of £20,000 p.a. exclusive of rates up to the 1st September, 2023 with reviews every 5 years. (As will be appreciated with the current rental income of £17,400 p.a. from the accommodation, the net rental payable at the present time is only £2,600 p.a).

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £169,950 plus STOCK AT VALUATION (£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 84,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote