Sold STC

Shop

Freehold OffLicence with Post Office and Accommodation


£499,950

  • Fixtures and Fittings Included
  • High Turnover
  • Main Post Office
  • Off-street parking
  • Perfect Trading Position
  • Freehold

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.

Trading Hours
* Monday - Friday 7:30am - 6:00pm
* Saturday 9:00am - 1:00pm
* Sunday closed

Post office Hours
* Monday - Friday 9:00am - 6:00pm
* Saturday 9:00am - 1:00pm
* Sunday closed

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.

Tenure: Freehold

HAWN EPC

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