Post Office for sale in West Sussex

West Sussex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Sought after residential area WEST SUSSEX

WE ARE INFORMED the turnover averages £500 p.w. in our opinion offering further potential to increase in the right hands. Post Office salary £62,000 p.a. approx. We are further advised that the sales year ending 31st March, 2011 showed sales of £25,225 with a gross profit of £13,261 i.e. 50.43% plus post office salary of £62,806 providing an overall gross profit of £76,067. The business has recently been appointed for the sale of on line national lottery tickets plus scratch cards which should obviously provide a further revenue.

We understand the premises are held on a secure renewable lease, the present lease for a period of 14 years from October, 2004 at a rental of £9,000 p.a. exclusive of rates up to the 3rd October, 2012. We understand from the present owner that no rent increase has been requested at this rent review. We further understand that there is a further rent review on the 3rd October, 2016.

Uniform Business Rates: Nil payable after full relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 23 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENET.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provices a rental income of £550 per month, however, we understand that vacant possession can be given on completion, if required. The FLAT, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:

1 Double Bedroom
Bathroom with bath, shower over bath, wash hand basin
Separate w.c.
Large Lounge
Kitchen

Monday - Friday inclusive - 9 a.m. - 5.30 p.m.
Halfday Saturday closing at 12.30 p.m.
NO SUNDAY TRADING

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £129,950 plus STOCK AT VALUATION (£5,000/£6,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £129,950
Tenure : Leasehold
Status: Available
Sectors:
Card Shops
Confectioners
Post Offices
Stationers
Toy Shops
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