Retail Property (high street) for sale

Post Office Row - SG4

£124,950

Property Description

Commercial information

  • Business for sale

Key features

  • Well established village business
  • Takings in the region of £7500 per week
  • Potential to increase opening hours & income
  • Excellent two bedroom owner’s accommodation, ideal lifestyle change opportunity

Full description

Tenure: Leasehold

DESCRIPTION
An ideal lifestyle change opportunity to acquire Weston Post Office and Premier Store situated on the outskirts of Hitchin, Hertfordshire. The area is well populated with a mixed age group with Weston Post Office being the central point of the village and at the heart of the community. The location in general provides good access to London via the A1M and also via a regular train service to London Euston.

Weston Post Office has been owned by the same family since 2010 although there has been a post office and general store on the same site for many years. During the current ownership the business has forged strong links with the local community and therefore boasts an extensive and loyal customer base along with heavy footfall on a daily bases. The post office consists of one fortress till.

The business trades from a deceptively spacious period property on Post Office Row within a fairly densely populated residential area given the size of the village. The convenience store provides a selection of everyday goods including tobacco, beers, wines, sprits, dairy products, dry goods, cereals, bread, cakes, household goods, newspapers, magazines, frozen foods, pet foods and a small range of fresh meats, some of which some are sourced locally.

In our opinion this represents an excellent opportunity to acquire a lifestyle change business with genuine potential to increase income by extending the current trading hours and different stock lines.

Sales
Current retail shop sales average £7500 per week with excellent profit margins.

POST OFFICE SALARY
Annual PO income approximately £23,000

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday to Friday 07:30 — 19:30
Saturday 08:00 — 19:30
Sunday — 08:00 — 14:00


STAFF
Currently managed by the owner’s along with 2 part time staff members.

Building External
The convenience store has an open plan retail area split into two sections in a horseshoe shape, with the post office counter operating from the middle of the store. The business stocks a good selection of dry and household goods, beers, wines and spirits along with greeting cards for all occasions.

The store has quarry tiled floor throughout, a 2m fridge for dairy,pre packed sandwiches and meats. There are 2 single fridges for soft drinks, a 2.5m fridge for beers and wines. Glass chiller cabinet for fresh meats which are sourced locally where possible. In house bakery and 2 freezers. The post office has a one till position.


BUILDING INTERNAL
-Storage area with access to rear garden
-Further rear storage with access to post office fortress
-Office
-Access to shop floor via secure door and owners accommodation.


RESIDENTIAL ACCOMMODATION
Highly visible and imposing premises within the village centre offering a versatile ground floor lock up business with excellent owner’s accommodation on the first floor and consisting of:

A dining room with side aspect sash window, wood effect flooring and is open plan to the living room with dual aspect window, exposed beams and brickwork, open plan to the kitchen. The kitchen has a range of base and eye level wall mounted units, roll edge work tops, part tiled walls, space for cooker and fridge freezer, plumbing for dish washer, loft light.

There is a master bedroom with front aspect sash window. A second bedroom/additional living room with front aspect sash window and exposed brickwork. There is also a family bathroom with shower cubicle, panel enclosed bath, WC, pedestal mounted hand basin and part tiled walls.

Outside offers a low maintenance rear garden with patio area.


TENURE
We are advised that the property is held on an 18 year lease which commenced in 2008 with an annual rent of £16,000. Rent reviews are every 5 years.

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

SUMMARY
An ideal opportunity to acquire this well used and well established post office and convenience store, situated on the outskirts of Hitchin, Hertfordshire which has been trading from the same site for many years and benefits from good sized two/three bedroom owners accommodation above.


Nearest stations

  • Baldock (2.7 mi)
  • Letchworth (3.0 mi)
  • Hitchin (3.9 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

  • Baldock (2.7 mi)
  • Letchworth (3.0 mi)
  • Hitchin (3.9 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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