Convenience Store with Post Office in Cornwall For Sale

Occupying a prominent corner position, excellent main road trading position, residential area, Cornwall.

Turnover £ 2,000
Post Office £ 57,000
Price £125,000 / £595,000

Features

Picturesque Convenience Store, Counter Newsagency with Off Licence and Post Office

SINGLE FRONTED PREMISES in the region of 525 ft² - Industrial non-slip vinyl flooring, vaulted ceiling with tube lighting, CCTV (6 cameras).

Sales counter, electric cash register. Soft drinks fridge, dairy fridge, winb & beer fridge, adjustustable shelving, counter top overn (hot savoury snacks), card racks, spinners, etc.

Post office fortress with one position and parcel hatch.

Stock room.

Staff cloakroom with toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w. with a Gross profit of 20% approx.. POST OFFICE income in the region of £57,000 p.a. approx.

N.B. The Post Office includes the operation of an 'outreach office' serving 8 locations, with a total time commitment of 15 hours per week.

Staff

The business is at present operated by the Husband & Wife team with the assistance of 1 part time staff and family assistance as required.

Trading Hours

7 Day week
MONDAY - FRIDAY 8 a.m. - 5 p.m.
SATURDAY 9 a.m. - 4 p.m.
SUNDAY 9 a.m. - 1 p.m.

Accommodation

THE SPACIOUS SELF CONTAINED ACCOMMODATION WITH OIL FIRED CENTRAL HEATING entrance via door to the left of the shop to house, comprises;

Office / Study
3 (double) bedrooms
Lounge
Kitchen
Bathroom with bath toilet and wash hand basin.

IN ADDITION, A SELF CONTAINED BUNGALOW WITH OIL FIRED CENTRAL HEATING entrance via door to the right of the shop comprises;

Kitchen
Lounge
Double bedroom
Shower room (with shower toilet and wash hand basin)

We are advised the bungalow could be rented out at £800 p.m. approximately.

Outside

Garden

Parking for 4 / 5 cars.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE LEASE granted for 20 years with reviews every 4 years at an initial rent of £35,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION (£5,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £595,000 plus STOCK AT VALUATION (£5,000 APPROX.)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) £ 416,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote