Post Office with Card Shop in South London For Sale

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