Mailbox Estates present a rare opportunity to purchase a Freehold Off Licence with Three bedroom accommodation and operating as a main Post Office with a salary of £72,000 per annum.
Gis Report provided by Spar on the 19th June 2023 which concludes and projects the store can achieve over £15,000 per week counter sales.
Fantastic investment opportunity either for a property investor looking to lease the premises for a rental return, or for an owner / operator wishing to own and run the business personally.
The store does not have National Lottery and this can be added at any time.
Option to purchase lease: * There is an option to purchase a new 20 year lease with passing rent of £17,000 per annum inclusive of the accommodation. The price for the lease is £150,000 + SAV.
Reason for sale * Our client has run the store since 2011 and are now offering for sale due to genuine retirement.
The opportunity * Ideal owner managed or family business * Ideal trading position with Nil business Rates * Rare Freehold Opportunity * Post Office Included and training provided
Turnover * We have been advised by our client that the average weekly retail counter sales are £3,000 per week with huge scope to increase by increasing product range or trading hours.
We are advised by our client that the counter sales were previously £7,000 per week but is now operating on reduced hours.
The post office salary is approximately £72,000 per annum.
Location The property is strategically positioned in Birmingham and is a short walk from a host of other complimentary businesses including bars, restaurants, hair salon and NHS chemist, and other well known retail stores.
The store operates on very convenient trading hours and is licenced to close til late if required.
Staff: The business is run by the owners, husband and wife with 2 part time non family staff.
External: * Designated open plan customer park to the front as well as on street parking available.
Accommodation *The owner's accommodation is exceptional offering generous amounts of space across 2 floors. With its own seperate access, there is a living room, kitchen, 3 generous bedrooms, family bathroom, and private rear garden.
* Extension of a conservatory to the rear. * Vacant upon possession or can be rented for extra income.
Ground floor shop plan * The ground floor of the premises boasts a large retail sales area with an impressive 292 sq. metres. (3143 Sq. ft.). and is offered in good condition.
Business Rates: * £0 council tax per year. ( small business rates relief ) * Purchasers should enquire with relevant local authorities to confirm the rates payable.
Legal costs * Each party to be responsible for their own legal costs in connection with the sale.
Fixtures and Fittings The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.
Regulatory * Premises licence
Trading Information * Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.
Viewing arrangements * Mailbox Estates highly advise early viewing to avoid disappointment. * Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR.
Deposits: * Successful applicants will be required to pay a non-refundable deposit.
Mailbox Estates highly advise early viewing to avoid disappointment.