Mailbox Estates present a unique opportunity to purchase a long standing freehold Convenience Store and Post Office, with accommodation, situated in a prime trading location of Wolverhampton.
The shop trades as a traditional convenience store offering a full range of general groceries, beers and wines, greetings cards, news and magazines.
The Post Office provides banking, car tax, foreign currency and the usual Royal Mail / Parcelforce mail and parcel services, Amazon and DPD.
Our client has been granted planning permission in July 2023 from the council to extend the store from the rear. This provides an opportunity for an entrepreneur to extend the shop floor even more, to increase product range, revenue and the value of the property. Further information will be provided upon request.
REASON FOR SALE: *Our clients have other business committments and are now offering the freehold for sale.
THE OPPORTUNITY: * Planning permission has been granted and approved by the council for the extension of the store * Post Office includes guaranteed income * Accommodation available for owners / staff OR can be rented for an extra source of income * Ideal owner managed or family business * Freehold property
LOCATION: *Large semi-detached property occupying a highly prominent corner trading position on a busy main road in Wolverhampton. *The store sits on a parade with other neighbouring commercial businesses such as a Pub, Fish and Chip Shop and Dental practice so benefits from the footfall.
TURNOVER: * We have been advised by our client that the retail sales are £5,500 per week on average with an impressive 30% margin. There is huge scope to increase this by increasing product range or extending the trading hours.
POST OFFICE: *There are three Post office counters in total and the annual remuneration is circa £50,000.
GROUND FLOOR PLAN: * Ground floor - sales area of approximately 62 sq. metres. (667 Sq. ft.) and is offered in good condition. * Kitchenette * Staff W.C
ACCOMMODATION: Approx. 68sq m (731 sq ft) with separate access to the rear with a staircase leading to the entrance front door *Fitted kitchen with utility area *Entrance hallway *Reception room. *Two x 2 double bedroom with fitted wardrobes *Family bathroom. *Double Glazing and Gas central heating
*The accommodation is currently tenanted but can be vacant upon possession. *Currently tenanted with rental income of £750 per calendar month.
LEGAL COSTS: *Each party to be responsible for their own legal costs in connection with the sale.
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.