Post Office for sale

Kennington Road, Oxford, Oxfordshire, OX1

Offers Invited

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops

Key features

  • Established business
  • Village location
  • Scope to increase retail sales
  • Easy to operate

Full description

Tenure: Leasehold

Post office & Newsagents in Oxford For Sale
Ref 1068

Location

This outstanding concern is located in the desirable village of Kennington that stands between the River Thames and the A34 trunk road to the south of Oxford. It has a population of some 4,000 people and has a school, doctors surgery and some other retail shops

Financial information

Asking price: £87,500 plus SAV
Turnover: £3,500 per week
Post office salary: £28,000 per annum
Lottery sales: £1,200 -1500 per week
Stock value: £8,000
News sheet @ cost £3,000 per week

Leasehold

Original term: 5 years
Remaining : 3 years 8 months
Rent: £8,000 per annum
Rates: none

Business Description

Veritas Business sales are delighted to offer for sale this well established and respected Post Office & Newsagents concern. The business has been established for over 50 years and has been in the careful hands of our client for the past 17 years. Reluctantly the business is being offered for sale but the owner wants to enjoy a well earned retirement. The post office has a salary of around £28,000 per annum and the newsagents has an average weekly turnover of £3,500 per week and retails, newspapers, magazines, confectionery, ice creams, greeting cards, soft drinks, and stationary. They have a news paper bill of around £3,000 per week and have 15 morning delivery rounds. The business is currently operated by staff and there are 1 full time and 2 part helpers. The shop already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed. 
Post Office Opening Hours 

Monday - Friday - 8.30am - 5.30pm
Saturday - 9.00am - 1.00pm
Sunday - Closed

Newsagents hours

Monday - Tuesday - 5.00am - 5.30pm
Wednesday - 5.00am - 7.30pm
Thursday - Friday - 5.00am - 5.30pm
Saturday - 5.00am - 7.30pm
Sunday - 5.30am - 1.00pm

Monday - Friday the shop closes for lunch from - 12.30am - 2.00pm

Ground Floor

Open plan retail comprising:
Sales counter with lottery terminal
Drinks cooler
Ice cream fridge
Greeting card shelves
News & magazine shelves
Central display isle
Post office counter with 2 x positions

W/C & wash basin

Kitchen/staff room with sink drainer, fitted units and storage shelves

External

Front of road parking for 2 vehicles


Nearest stations

  • Radley (2.4 mi)
  • Oxford (2.5 mi)
  • Culham (4.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 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

  • Radley (2.4 mi)
  • Oxford (2.5 mi)
  • Culham (4.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 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 1068. 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 VERITAS BUSINESS SALES LTD, Solihull. 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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