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Post Office / News / Convenience

Ashington £175,000 Freehold REF: NE1548

Location:

The business is situated on the main road running to the south of this expanding town and approximately 2 miles to the south of the main town centre. Ashington is well served by roads and the A189 Spine Road connects the town quickly with surrounding areas and on towards the A19 and A1.   

The business occupies a prominent site on a busy roundabout at the junction of Milburn Road and Newbiggin Road and adjacent to a pleasant private housing estate and a busy GP Surgery centre.  There is ample free on street parking and Newbiggin Road is a busy bus route.

Business:

This business has been in the same family ownership since the late 1990’s but has now been placed on the market as they are looking to reduce their commercial commitments.

The business trades as a traditional CTN, convenience store with off licence and Post Office.  The premises is fitted and equipped for the trade and are in good order with little for any new owner to attend to on acquisition. Over the last few years the owners have invested in new chiller units and LED lighting and CCTV has been installed to the retail element.  There is scope to extend the lines sold and the evening hours could be extended from the existing 5.30pm closing time as the shop is permitted to sell alcohol till 10pm.  The Post Office only trades core hours There is genuine potential to push the later trading hours and the local housing estates and busy main road are likely to support this move.

Our client applied for planning permission to develop the upper floor into 2 or 3 bedroom living accommodation and these plans are available on request.

Property:

Comprises a detached property of traditional brick construction with a slate roof over.  Accommodation;

Ground Floor;

Retail Area extending to circa 1,160 sq.ft. (107.6 sq.m) consisting of the main sales shop space which incorporates the separate Post Office counter at the rear of the unit.   

Store / Staff Area circa 186 sq.ft. (17.3 sq.m.).

2 x Staff W.C.’s

Trading Hours

                                                Shop                         Post Office

Mon, Tues & Thurs   6.00 am - 5:30 pm             9.00am - 5.30pm

Wed & Fri                  6.00 am - 7.30 pm             9.00am - 5.30pm

Saturday                   6.00 am - 7.30 pm             9.00am - 12.30pm

Sunday                     6.00 am - 12 noon.                    closed

Staff

Currently operated by the2 owners with the help of 2 part-time Post Office members of staff.

Fixtures & Fittings

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

Rates

The premises are assessed as follows:

Rateable Value    £15,750

Tenure Options

Freehold; The goodwill, fixtures, fittings and freehold interest are available for £175,000 plus stock.

Leasehold; Available at an asking price of £65,000 for the goodwill, fixtures and fittings and a rent of £12,000 per annum for the premises. 

EPC

Rating - C.

Money Laundering Regulations

In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

Agents Notes

Subject to appointment by POCL.

 

 

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