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Retail Property (high street) for sale

Denton Park Shopping Centre - NE5

£140,000

Property Description

Commercial information

  • Business for sale

Key features

  • Excellent shopping centre location
  • Weekly turnover approx. £1,000 — £1,200, po salary £87,000 per annum
  • High foot fall numbers
  • Viewing highly recommended

Full description

Tenure: Leasehold

DESCRIPTION
This is an excellent opportunity to purchase a well established, very busy, post office with excellent potential for future growth.

Occupying a prominent trading position right next door to the Morrison’s supermarket in Denton Park shopping centre.

This fantastic post office is located in a prominent trading position at the very heart of the centre, within a large number of other small businesses and a stones throw away for a large number of quality residential properties all within the immediate locality.

Having successfully operated in the shopping centre for seven years and under current ownership for over sixteen years, this highly renowned business has earned an excellent reputation for offering the best quality cards and other essentials on the retail side, to all services available via the post office. These services always come with a warm, friendly and a very local service.
The business therefore enjoys an extensive and loyal customer base, attracting repeat trade from the immediate vicinity as well as neighbouring villages and towns.

The business operates from a highly visible single fronted unit, which is presented to a very high standard with a good range of fixtures and fittings to go with the sale. Therefore, with fantastic scope to increase the retail side of this already fantastic post office, any improvements will undoubtedly increase the turnover and profitability.

Denton Park Post Office is a thriving and lucrative business, which is run by the owners and up to five part time members of staff. This business is an essential piece within the local community, offering services such as Drop and Go, Currency and Vehicle Tax, Passport Check & Send and Lottery and Scratch cards all to the local community and the passing trade. The business also benefits from a DVLA renewal booth.



This business operates 6 days of the week and offers an excellent scope for future growth and improvement and would therefore ideally suit an ambi

Sales
Currently shop sales average £1,000 — £1,200 approximately. Post office salary £87,000 per annum.

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday, Tuesday, Thursday 8.30am-5.30pm
Wednesday, Friday, Saturday 9am — 5.30pm



STAFF
Operated by the owners and five part time members of staff.

Building External
Highly visible single fronted unit occupying an excellent unit in Denton Park shopping centre.

BUILDING INTERNAL
This business comes with 5 counters. The 3 secure counters are towards the rear of the business, with the two regular counters on the right upon entrance to this superb Post Office. There is a large retail area covering the length and breadth of the single fronted store, all storage, office and WC can be found behind the secure counters.

RESIDENTIAL ACCOMMODATION
There is no accommodation with this business.

TENURE
We are advised this business is available as a Leasehold, with a 3 year lease remaining with quarterly rent of £2625. (Correct as advised on 24/09/2015).

SUMMARY
A fantastic opportunity to purchase a highly profitable business, with terrific potential for future growth and improvement. To avoid disappointment, viewing is highly recommended.


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