Retail Property (high street) for sale

82 Arbury Road - CV10

£25,000

Property Description

Commercial information

  • Business for sale

Key features

  • Prime Trading position for sale for first time in 40 years
  • PO Salary £23,000-£24,000 per annum
  • Potential to significantly increase opening hours, stock lines and profits
  • Spacious 4 Bedroom Accommodation, with opportunity to sublet

Full description

Tenure: Leasehold

DESCRIPTION
This is a once in a generation opportunity to acquire a delightful Post Office which occupies a prime trading position on a busy main road in Nuneaton, Warwickshire.

Stockingford Post Office occupies a commanding and highly visible trading position on Arbury Road, one of Nuneaton’s busiest main roads. Stockingford is a well populated residential area with many local schools and businesses and the Post Office therefore enjoys high levels of footfall throughout the day as well as trade from neighbouring villages and passing trade.

Having successfully served Stockingford and the surrounding areas for over 100 years, this heavily relied upon Post Office has forged strong relationships with the local community and the business subsequently has an extensive and loyal customer base. The Post Office has been owned and run by the same family for over 40 years and is on the market for the first time since 1973. In addition to the Post Office services the business currently retails a large selection of greetings cards, toys and stationery but limited confectionery. A significant opportunity exists to expand the confectionary line and re-introduce tobacco and drink, as in prior years. As well as maybe introduce the lottery.

Stockingford Post Office operates from imposing semi-detached premises offering an excellent blend of versatile business and spacious self-contained 4 bedroom accommodation with extensive gardens. An opportunity exists to potentially sublet the spacious 4 bedroom accommodation to generate rental income.

Stockingford Post Office is a long established, historically, highly lucrative business yet currently operates on short opening times and therefore offers fantastic potential for future growth. The Post Office would ideally suit an ambitious and energetic owner-operator or couple who have the opportunity to significantly extend the range of stock lines to previous levels and capitalise on the ‘untouched’ lunch time, evening, Thursday afternoon and

Sales
PO salary £23-24,000 per annum
Currently advised weekly shop sales circa £200


ACCOUNTS
Information supplied to us for 2010 - 2014 shows annual PO income of £23-24,000

TRADING HOURS
Monday,Tuesday,Wednesday,Friday 09:00-13:00, 14:00 — 17:30
Thursday 09:00-13:00
Saturday 09:00-12:30


STAFF
Operated under management.

Building External
The substantial and highly imposing semi-detached two storey premises offers an excellent blend of both versatile business and spacious self-contained family accommodation.

BUILDING INTERNAL
The retail sales area is bright and airy with a two position Post Office counter. The sales area includes a range of good quality, modern fixtures and fittings which have been well maintained.

RESIDENTIAL ACCOMMODATION
The substantial and versatile property provides spacious self-contained 4 bedroom accommodation which would be ideal for a growing family, although it could also be sublet achieving a substantial rental income for the new lessee. To the ground floor there is a spacious living room, fitted kitchen / diner, a second reception room and toilet. The first floor has 3 extremely large double bedrooms, a single bedroom and a family bathroom. Externally there are extensive lawned gardens, as well as a private garage to the side.

TENURE
The vendors own the property and will grant a new FRI lease (subject to contract) at an initial rent of £199 per week exclusive of rates. The lease term is negotiable. The vendors would consider a longer term lease from 15-25 years. Rent reviews are at 3 yearly intervals.

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


SUMMARY
A fantastic once in a generation opportunity to purchase a long established, successful business with terrific growth potential and extremely spacious 4 bedroom accommodation. To avoid disappointment, viewing is highly recommended.


Nearest stations

  • Nuneaton (1.7 mi)
  • Bedworth (2.9 mi)
  • Coventry Arena (4.7 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

  • Nuneaton (1.7 mi)
  • Bedworth (2.9 mi)
  • Coventry Arena (4.7 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.

Disclaimer - Property reference 40145. 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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