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Post Office / Convenience

Sunderland £89,000 Leasehold REF: NE1279

Location:

This busy Post Office and Convenience Store within the main shopping area serving this busy residential area on the north side of the River Wear.  Southwick lies approximately 1 mile north west of the City centre and is easily accessed by the A1231 with good public transport links.

Business:

This business has been operating under the current family ownership for the last 3 years but has now been placed on the market as they wish to reduce their business commitments.

The business is a traditional CTN together with a spacious minimarket and a busy Post Office counter.  The business forms part of the main shopping area, known locally as The Green, which comprises a healthy mix of national operators and independents and overall the shops are well supported by the locals.  There are numerous bus stops within The Green and there is also ample short and long term parking available. The shop stocks traditional newsagency fare together with a wide range of convenience goods and alcohol and there is an internal ATM which brings .

There is scope to expand some of the lines offered and to the rear of the retail space there is a large storage area which is not yet fully utilised.  The unit is in good order with very little for any new owner to attend to and viewing is recommended to appreciate the location and opportunity to develop the lines sold and revenue.

Property:

Comprises the ground floor of a spacious, detached two storey property of traditional red brick construction with a slate roof over.

Ground Floor              

Retail Area       1,600 sq.ft. (150 sq.m.).

Stores                  785 sq.ft. (73 sq.m.).

W.C.’s

Office

Kitchen

Trading Hours

Monday - Friday                        7.00 a.m. - 9.00 p.m.

Saturday - Sunday                    8.00 a.m. - 9.00 p.m.

Staff

Currently operated by family members together with 2 part time Post Office staff.

Fixtures & Fittings

The shop benefits from CCTV and a full alarm system. A full inventory would be made available prior to an exchange of contracts.

Rates

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

Rateable Value £21,750

Tenure

The premises will be offered on a new FRI lease at a commencing rental of £20,000 per annum.  Full terms and conditions to be agreed.

EPC

Rating C – a copy of the document is available to look at on request.

Agents Notes

Subject to appointment by POCL.

 

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