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Reference C9287

Post Office with Card Shop in South London For Sale

Post Office with Card Shop in South London For Sale
Post Office with Card Shop in South London For Sale Buy a Post Office with Card Shop in South London For Sale

Register to see map and to make an appointment Situated in a parade, densely populated residential area, SW LONDON

Turnover 300
Post Office 12,000
Price 89,000

Features

Stationery, Greeting Cards with Post office Local

DOUBLE FRONTED MEDIUM SIZED SALES SHOP 480 sq. ft. with lino floor, fluorescent lighting. 2 revolving card display stands (including 1 on loan). Post Office Counter with anti-bandit screen (2 positions plus parcel hatch).

Rear ground floor room

Staff w.c.

In addition on the ground floor is a bathroom with bath, wash hand basin

Turnover

WE ARE INFORMED the turnover averages 300 p.w. in our opinion offering tremendous potential for further development in the right hands. Gross profit 40% approx. Post Office income 12,000 p.a. approx. (including commission paid in respect of an external ATM machine).

Staff

The business is at present operated by the vendor.

Trading Hours

Monday - Friday inclusive - 9.30 a.m. - 5.30 p.m.
Saturday opening - 9.30 a.m. - 12.30 p.m.
NO SUNDAY TRADING

Accommodation

The accommodation with internal access plus external front door access does require some re-decoration and has FULL GAS FIRED CENTRAL HEATING, currently let on a 2 years tenancy at 2,600 per month, expiring in January, 2022. The accommodation comprises:

First Floor
1 Double Bedroom
Large Lounge
Kitchen
Bathroom with bath
Separate cloakroom with w.c. and wash hand basin

Second Floor
2 Additional Double Bedrooms

Outside

Yard at rear

Tenure

We understand the premises are held on a 20 years lease from 2013 having 12 years unexpired, at a rental of 17,000 p.a. with rent reviews every 5 years. (As will be appreciated with the present rent from the accommodation of 31,200 p.a. there is a profit rent of 14.200 p.a).

Uniform Business Rates: Nil payable at present due to full relief

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 89,000 plus STOCK AT VALUATION (1,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 44,500 (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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