Post Office for sale in Northumberland

Northumberland


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, residential area, NORTHUMBERLAND

WE ARE INFORMED the turnover averages £50 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of additional lines. Gross profit 40% approx. Post Office salary £18,000 p.a. approx. increasing

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease in respect of the ground floor with accommodation over at a rental of £7,250 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. Alternatively should the accommodation not be required, the vendors are prepared to grant subject to satisfactory references a new 15 years full repairing and insuring lease in respect of the ground floor only (excluding the accommodation) at a rental of £3,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable after full relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 24 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING and part DOUBLE GLAZING is at present let on a shorthold tenancy and provides a rental income of £350 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen with fitted units
Utility Room

Monday - Friday inclusive - 9 a.m. - 5.30 p.m.
Closing 12.30 p.m. - 1.30 p.m. for lunch with halfday Wednesday closing at 1 p.m.
Saturday opening - 9 a.m. - 12.30 p.m.
NO SUNDAY TRADING

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £21,500 plus STOCK AT VALUATION (£800 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION (£800 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Alternatively the vendors are prepared to consider the sale of the Freehold Ground Floor, excluding the living accommodation
Viewing Strictly by appointment.

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business information

Sale price: £21,500
Tenure : Leasehold
Status: Available
Sectors:
Card Shops
Post Offices
Stationers
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