T: 0191 487 8566

Menu

PO / News/ Convenience

Gateshead £57,500 Leasehold REF: NE1357

Location:

The Post Office is located within a small parade of shops in the heart of the densely populated residential area, located approximately 1 mile to the south of Low Fell.  The parade has the benefit of free on street pull in parking and other tenants include a convenience store, a hair salon and a Chinese Takeaway.

Business:

This business has been operated under the same family ownership for the last 7 years but has been placed on the market as the current family members now wish to retire.

The business trades as a Post Office and traditional CTN with some groceries plus a very wide range of greetings cards. All elements of the business complement each other but the cards trade generates excellent margins and draws new business into the shop.     

The spacious retail premises are well fitted and equipped for the trade and are in excellent order having been refurbished in 2016. There is scope to incorporate other lines which could drive the turnover and profits upwards and at the moment the shop does not sell alcohol.  This is an ideal opportunity for a family to takeover and viewing is recommended to appreciate the possibilities.

Property:

Comprises a single fronted mid terraced ground floor lock up unit forming part of a small parade.  Accommodation;

Ground Floor              

Retail Area circa 784 sq.ft. (73 sq.m). with sales counter which includes Post Office counter, CCTV system, ATM, Coca Cole Fridges (on free loan) non slip flooring, suspended ceiling, card displays, display shelving.

Stock / Office Area 200 sq.ft (18 sq.m.)

W.C.

Trading Hours

Monday - Saturday        6.00 a.m. - 5.30 p.m.

Sunday                         6.00 a.m. - 12.00 p.m.

There are 3 morning and 2 Sunday newspaper rounds.

Staff

Currently ran by our clients with the help of 3 part time members of staff (15 hours in total).

Fixtures & Fittings

A full inventory would be made available to bona fide enquiries prior to an exchange of contracts.

Rates

We are verbally informed that the premises are assessed as follows:

Rateable Value    £3,850

Rates free incentives subject to individual status.

Tenure

Held by way of a 10 year Council lease from 2016.  The current rent is £5,700 per annum and there is a rent review at the 5th anniversary.

EPC

Rating TBC

Agents Notes

Subject to appointment by POCL.

                   

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

Similar Retail opportunities

If you have something more specific in mind then please give us a call on 0191 487 8566, we're always happy to help.

Businesses For Sale

Find a Retail property

Use this field to find results from a specific location or a particular business type
+ Show advanced search options