Post Office for sale

Temperance Terrace,Ushaw Moor,Durham,DH7

54 sq. m. | £225,000

Property Description

Commercial information

  • Business for sale
  • 581 sq ft (54 sq m)

Key features

  • REF: 2780
  • FREEHOLD
  • POST OFFICE

Full description

Tenure: Freehold

LOCATION
Ushaw Moor Post Office occupies substantial two-storey premises, ideally located within the village of Ushaw Moor in County Durham. The Post Office is surrounded by densely populated residential areas, from which the business derives much of its trade. The business benefits from free on street parking facilities to the front and side of the property.

Ushaw Moor is an old pit village in County Durham. It is situated to the west of Durham, a short distance to the south of Bearpark. In the last 30 years the village has become the centre of the Deerness Valley and has prospered, where most pit villages have struggled. The good schools and amenities within the village has meant it has become popular with first time buyers and is a popular place in which to live and work, due to the good links with Durham and Newcastle.

The area of the business is well served by the public transport system, with several bus stops being within easy walking distance of the property. The nearest railway station is approximately 3 miles away in the city of Durham. The area is also well served by the A-roads, with the A167 and A691 being within easy driving distance, which link to the vast A-road and motorway networks. Bishop Auckland is approximately 11 miles away and Newcastle is 20 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and very popular Post Office business in Ushaw Moor, County Durham.

The business was originally established in the 1940s and has been in our client's careful ownership since 2004. Only now is the business being offered to the market due to our client's desire for a well-deserved retirement. The business operates 5 days per week and benefits from a Post Office salary of 34,000 per annum.

Our client offers a variety of Post Office services including mail, vehicle taxing, foreign currency, financial services and lottery sales, to name a few, as well as greeting cards, wrapping paper, milk, a few convenience items, sweets and snacks etc.

The property boasts a spacious L-shaped retail area with two secure Post Office counters, as well as four bedroom accommodation, which has a separate street entrance, which could be used as owners' accommodation or let out to generate further income. The business is unopposed within the area, with the nearest Post Office being approximately 3 miles away.

The business has built up an excellent reputation within the area for the high quality services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel the turnover could be increased by extending the range of the goods offered, perhaps by offering convenience items, newspapers and magazines. A new owner could also embark on a modest marketing campaign to promote the business and the goods offered.

This is an excellent opportunity to acquire a busy Post Office with huge scope for future growth; therefore early viewing must come highly recommended to avoid disappointment.

PREMISES
Prominent two-storey, corner premises, briefly comprising:

Post Office:

Ground floor:

Spacious L-shaped retail area.
2 x secure Post Office counters.
Parcel Hatch.
Upright glass fronted drink/dairy chiller unit.
Greeting card display units to perimeter walls with under storage.
Storage space behind counter.
Access to house from behind counter.

Accommodation with:

Ground floor:

Porch.
Living room.
Dining room.
Kitchen.
Bathroom.
2 x WCs.

First floor:

3 x double bedrooms.
Single bedroom.
WC.

TENURE
We are advised Freehold.

HOURS
The business operates:

Monday - Friday: 9.00am - 5.00pm
Saturday: 9.00am - 12.30pm
Sunday: Closed

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
The business has a Post Office salary of 34,000 per annum


Nearest station

  • Durham (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 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 station

  • Durham (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 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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