Post Office for sale

Market Place, Wednesbury, West Midlands, WS10

£125,000

Property Description

Commercial information

  • Business for sale

Key features

  • Newsagents store & Post Office
  • Weekly takings 5,000, Post Office salary 108,000 per annum, National Lottery 3,000
  • Busy town centre parade, densely populated residential area
  • Great potential for growth and development

Full description

Tenure: Leasehold

DESCRIPTION
PRICED TO SELL .ALL SENSIBLE OFFERS CONSIDERED.This is a rare and exciting opportunity to purchase a highly lucrative newsagents store & Post Office.

The business is situated amongst a number of local businesses and well known high street retailers on a busy parade with ample customer parking. Located In the heart of Wednesbury a populated residential area the business attracts high levels of regular local and passing trade throughout the day.

This well known and heavily relied upon business has served the locality for many years and during that time has forged strong relationships with the community, therefore boasts an extensive and loyal customer base.

The store operates from highly visible premises providing spacious and versatile ground floor lock up retail space.

The business retails an extensive range of confectionary, tobacco products, soft drinks, selected grocery lines, newspapers and magazines, cards, stationery, toys and household items.

The business is successful and extremely lucrative and would be an ideal proposition for an ambitious operator, enjoying the significant financial rewards that could also be increased further with the introduction of off licence, as well as increased hours and a full review of the range of items on offer.

To fully appreciate this first class business opportunity, viewing is highly recommended to avoid disappointment!

WEEKLY SALES
Currently shop sales average 5,000 approximately.

POST OFFICE SALARY
Annual PO income approximates to 108,000

LOTTO
Weekly lottery sales approximate to 3000

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Shop - Monday - Saturday 08:00 - 17:30
Post Office - Monday - Saturday 08:30 - 17:30

STAFF
Operated under management with full/part time staff.

PROPERTY
The highly visible and imposing property offers excellent ground floor lock up retail space.

TRADING AREAS
The spacious sales area is light and airy creating a welcoming environment with a six position post office counter located to the rear. The retail space is fitted to a high standard with a comprehensive range of excellent quality equipment including CCTV and to the rear there is office space, extensive storage facilities and a staff toilet and kitchen area.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available.

TENURE
The vendors have been in communication with the landlords who have advised verbally that they are prepared to grant a new lease to approved candidates at an initial rent of 17,500 plus VAT. Other terms to be negotiated.

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

SUMMARY
To fully appreciate this fantastic business opportunity, viewing is strongly recommended.

More information from this agent

Nearest stations

  • Wednesbury Great Western Street (0.4 mi)
  • Wednesbury Parkway (0.5 mi)
  • Bescot Stadium (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

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

  • Wednesbury Great Western Street (0.4 mi)
  • Wednesbury Parkway (0.5 mi)
  • Bescot Stadium (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

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.

Disclaimer - Property reference 43332. 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 ALTIUS GROUP LIMITED, Kings. 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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