Retail Property (high street) for sale

7 Whitegates Shopping Complex - TR7

£125,000

Property Description

Commercial information

  • Business for sale

Key features

  • Profitable post office with commission and stationery store, post office protected site
  • Income 2015 32,000 plus P.O commission 53,000 PA
  • Located in a shopping complex in Newquay, Cornwall with exceptionally loyal customers
  • Recently refurbished to a high standard, with scope to diversify, potential longer opening hours especially in summer

Full description

Tenure: Leasehold

DESCRIPTION
This is a rare opportunity to purchase a leasehold business in a stunning location, such as the Whitegate Post Office. The business is a classic lock up building located on a major shopping complex, just minutes from the beaches and the town centre of Newquay. The post office boasts all year round trade and an exceptionally loyal client base.

Located just off the seafront, Whitegate Post Office offers many post office facilities. Located on the Edge of Newquay just a 2 minute walk from the centre, this post office benefits from a recent fit and offers excellent scope for a potential new owner to expand and sell additional goods and services. Whitegate Post Office is within easy reach of the M5 and A30 routes, within easy reach of Exeter and Newquay Airports. The business is located 500 yards from the seafront with sandy beaches and some of the best surfing beaches within the UK. This ost office offers an excellent lifestyle purchase.

The post office is a protected commissioned position and the salary for 2015 was £53,000PA and growing. In addition to this, the vendors offer a range of stationery, cards and small toys which enhances the turnover, producing an additional £37,000 plus.

The current vendors purchased the business in 2008 when it was in a rundown state and has since been fully overhauled, decorated and refitted, making it almost like new. The post office has been located here in excess of 25 years. Whitegate Post Office represents a truly stunning opportunity to purchase for a new operator, as the vendors now wish to spend more time with their families.

The post office services include the Passport service, DVLA, Fishing Licences, Foreign exchange and all counter services. There are three fortified counters giving the store a much larger feel. Currently the vendors limit the hours, therefore there is the potential to expand on these and offer additional services.



This is a totally rare opportunity to acquire this business with growth

Sales
Currently shop sales average £32,000 annually. In addition to a post office commission of approximately £53,000 PA (advised 2016 to be £58,000).

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday — Friday 09:00 — 17:30
Saturday 09:00 — 16:00
Sunday Closed

Note the store has the potential to open much longer hours including Sunday.


STAFF
The business is run on part time hours by the owners who have 1 full time member of staff and 1 part time member of staff.

Building External
The store sits within a shopping complex on one of the main routes into Newquay and boasts free shopper’s car parking all around the complex. The single fronted aluminium shop entrance opens out onto the modern store, with a power assisted door.

To the rear of the shop area, there is 3 fortified serving positions. Throughout the store there are various racks and stands, offering a range of cards and stationery. In the summer the store also offers pocket money toys.

Beyond the fortified area is a small staff room/store room and toilet facilities, as well as a brewing station. The store benefits from a fully monitored alarm system complete with panic buttons.

The vendors have gone to real expense to renovate the store to its present standard and this opportunity should not be missed.


RESIDENTIAL ACCOMMODATION
We are advised that there is no residential accommodation available with the shop.

TENURE
The business is available upon a leasehold basis and recently renewed a 7 year lease, with an initial rental of £10,000 PA. The landlord is flexible and would consider a new lease if required.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.


SUMMARY
Whitegate Post Office represents an ideal opportunity for a newcomer or seasoned business owner to acquire a business in a unique position, with exceptionally low rental and the opportunity of an exceptional lifestyle business, offering excellent scope to develop further.

Demand is expected to be exceptionally high, therefore an early viewing is a must.


Nearest stations

  • Newquay (0.5 mi)
  • Quintrell Downs (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 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

  • Newquay (0.5 mi)
  • Quintrell Downs (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399199 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.

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