Post Office for sale

WHSmith & Post Office, 27 Roman Road, Bearsden, Glasgow, G61 2SS

Fixed Price £160,000

Property Description

Commercial information

  • Business for sale

Key features

  • Post Office income 81,000
  • Great freehold investment opportunity
  • Lottery and Scratchcards
  • Thriving & established local business
  • Loan available via Christie Finance, subject
  • Energy Rating G

Full description

Tenure: Leasehold

Description

The business occupies the ground floor of a two floor sandstone tenement building, on a corner site. Great visibility from the street and surrounding area.

Location

The property is located in the heart of Bearsden, a town 6 miles North of Glasgow City Centre. It boasts great transport links with two train stations and main bus routes into Glasgow. The unit commands a corner building site in the desirable retail and leisure area of Bearsden. It is directly adjacent to the public car park and directly faces Bearsden Primary School.

Internal Details

The Post Office counter is located on the left of the shop floor, with two fully-screened service counters. A further combi PO/retail counter is located towards the rear of the sales area. The sales area offers extensive perimeter shelving with refrigeration. There is a modern suspended ceiling with spot lighting. There is also an office on the ground floor, a photo room for passport applications and a staff room with toilet.

Fixtures & Fittings

With the exception of the lottery terminal and post office equipment, all fixtures and fittings are owned outright.

Tenure

Freehold price of £325,000. The client is also willing to propose a leasehold price of £160,000 with a new 20 year rent at £18,000 per annum.

The Opportunity

This is one of the busiest privately-run Post Offices in East Dunbartonshire, with a post office income of circa £81,000 that is increasing YOY. The Post Office is located within the business and leisure area of the town.

The retail side of the business currently generates a turnover of around £64,000 annually increasing year on year, mostly from stationery and greeting card sales. Any new owner will have the opportunity to increase the shop turnover considerably by developing an extended convenience / CTN offering. There is also the possibility of attaining a Premises Licence subject to approval by the relevant authorities.

This store has been run by the same family for four years and the owner feels it is now the time to concentrate
more on his other business interests. The store is presently fully staff run so a more hands on operator would be able
to make further improvements to the business outputs and profitability. Increasing the opening hours would also be beneficial to any new operator. This unit would also suit a first time buyer that might want to add services to the business such as a café, hair dressers or dry cleaners etc.

Staff

The business currently runs with a manager, a mixture of full and part time staff. Transfer of Undertakings (Protection of Employment) Regulations (TUPE) will apply to any remaining staff. Full details available on request.

Trading Information

Full Trading, Profit and Loss accounts will be made available to seriously interested parties on request after a
formal viewing of the business has been undertaken.

Trading Hours

Monday to Friday, 8am - 6pm. Saturday, 8am - 1pm. Sunday, closed.

Business Rates

The Business Rates are £8,993 for the year commencing April 2017.


More information from this agent

Nearest stations

  • Bearsden (0.2 mi)
  • Hillfoot (0.5 mi)
  • Westerton (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Glasgow

4th Floor 46 Gordon Street, Glasgow, G1 3PU

0141 392 0902 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bearsden (0.2 mi)
  • Hillfoot (0.5 mi)
  • Westerton (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Glasgow

4th Floor 46 Gordon Street, Glasgow, G1 3PU

0141 392 0902 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 6810995-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co , Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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