St. Michael Street News & P.O, 52/54 St. Michael Street, Dumfries, DG1 2QF

A convenience store and mains post office located in a terraced two storey block of brick construction with a pitched tiled roof. Occupying the ground floor, the frontage consists of two large windows covered with graphics to the left of the entrance. There is illuminated outdoor signage spanning the length of the unit. There is on street parking directly outside the store.

The residential dwelling flat available occupies the first and second floor.

Dumfries is a large town in the council district of Dumfries and Galloway. Situated in Southern Scotland, it sits 75 miles south of Glasgow and 32 miles northwest of Carlisle. With great transport links, there is easy access to the North via the A74 or south using the nearby M6.

The town has great amenities with the majority of prominent high street retailers having a presence in the town centre or in nearby retail parks.

There are various primary and secondary schools along with good leisure facilities throughout the town and surrounding area.

A counter with till sits directly at the back of the store as you enter. Various slat wall and shelving units throughout the store selling newspapers, magazines, general grocery and other convenience items. To the left of the entrance sits the Post Office counter and fortress unit. There is a small kitchenette and W.C to the rear of the premises.

There is a central gondola for general goods along with various chillers serving soft drinks and chilled fresh food.

There are modern LED lights throughout the store and a tiled linoleum floor.

We have been advised the all equipment within the shop is owned outright and is part of the sale.

Freehold with an asking price of £190,000 (Business only) or £320,000 to include the residential flat.

Stock at valuation in addition.

There is a three bedroom flat available as part of the sale and is located directly above the Post Office consisting of a hallway, kitchen, lounge, double bedroom and shower room on the first floor with a further two bedrooms and bathroom on the second floor. The entrance to the flat is separate to the business. Please see attached floor plan for details and approximate dimensions.

The store and mains post office is at the heart of the community and is vital to many local residents. Any new owner would be able to increase the Post Office commissions and convenience turnover by increasing the opening hours. This would have a direct positive impact on the turnover and subsequent profit. The addition of new convenience lines and a possible hot food to go solution would also benefit the store and turnover.

The store presently does not hold an Alcohol Licence. Attaining a licence would increase the profitability of the store immediately (subject to council approval - any applicant should make their own enquiry to the relevant Authority).

The business is run by the current owners plus a mixture of part and full-time staff.

Transfer of Undertakings (Protection of Employment) Regulations (TUPE) will apply to any remaining staff. Full details available on request.

Accounting information will be made available to interested parties after a formal viewing has taken place.

Monday to Friday
5.00am - 3.00pm

Saturday
5.00am - 12.30pm

Sunday
5.00am - 11.00am

The current Rateable Value is £3,850 (April 2023) and therefore qualifies for 100% relief via The Small Business Bonus Scheme. This is subject to status and all interested parties are advised to check with the relevant Local Authority.