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.
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.
Comprises a single fronted mid terraced ground floor lock up unit forming part of a small parade. Accommodation;
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.)
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.
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.
We are verbally informed that the premises are assessed as follows:
Rateable Value £3,850
Rates free incentives subject to individual status.
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.
Subject to appointment by POCL.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser / Tenant will be required to provide two forms of identification and proof of the source of income.