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Reference C9293

Main Post Office, Card Shop and Stationers in South London For Sale

Main Post Office, Card Shop and Stationers in South London For Sale
Main Post Office, Card Shop and Stationers in South London For Sale Buy a Main Post Office, Card Shop and Stationers in South London For Sale Sell a Main Post Office, Card Shop and Stationers in South London For Sale Main Post Office, Card Shop and Stationers in South London For Sale for Sale Main Post Office, Card Shop and Stationers in South London For Sale for Sale Main Post Office, Card Shop and Stationers in South London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, busy road, SOUTH EAST LONDON

Turnover 500
Post Office 68,000
Price 127,500

Features

Attractive Stationery, Greeting Cards, Arts & Crafts Material, Educational Books with Main Post office

Electric metal shutters to ATTRACTIVE DOUBLE FRONTED SALES SHOP with new vinyl floor. We understand the shop was refitted in March, 2014. Suspended ceiling with concealed lighting. The equipment includes protected counter, post office combination counter. In addition there is a post office counter with 1 fortress position plus 1 open position. Slats to walls, moden shelving, photocopier (on lease to be taken over) etc.

Stockroom/staffroom
Kitchen
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 500 p.w. in our opinion offering tremendous potential for further development in the right hands. We are advised that the post office income is in the region of 68,000 p.a. (including commission paid in respect of an ATM machine).

Staff

The business is at present operated by a husband & wife team with the assitance of 1 full time & 1 part time staff.

Trading Hours

Monday - Friday inclusive - 9 a.m. - 5.30 p.m.
Saturday opening - 9 a.m. - 2.30 p.m.
NO SUNDAY TRADING

Accommodation

The SELF CONTAINED accommodation is currently let on a shorthold tenancy & provides a rental income of 1,750 per month, however we understand that vacant possession can be given on completion if required. The accommodation comprises:

3 Double Bedrooms (including large attic master bedroom)
Bathroom with bath, shower over bath, w.c. & wash hand basin
Large Lounge
Spacious fitted ktichen/breakfast room

Outside

Concrete yard plus storage area

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease expiring in April, 2031 at a current rental of 27,600 p.a. exclusive of rates up to April, 2026 with rent review at that time and thereafter every 5 years. (As will be appreciated with the current rental income from the self contained flat of 21,000 p.a. the net rental payable at the present time is only 6,600 p.a).

Uniform Business Rates: Nil payable at present after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 127,500 plus STOCK AT VALUATION (3,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 63,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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