Retail Property (high street) for sale

108 Stanley Road - WF1

£79,950

Property Description

Commercial information

  • Business for sale

Key features

  • Lucrative post office/convenience store (licensed not utilised)
  • Post office salary circa £35,000 per annum, WT £1,500
  • Prime position, busy main road precinct inc multiple car park
  • Fantastic scope to develop, recently refitted to a high standard, viewing highly recommended

Full description

Tenure: Leasehold

DESCRIPTION
This is a rare opportunity to purchase a lucrative post office/convenience store (licensed not utilised) located in the popular and bustling city of Wakefield, West Yorkshire.

East Moor Post Office occupies a prime trading position, forming part of a thriving main road shopping precinct including a Betfred bookmakers, with a customer car park and within a densely populated area of residential and commercial dwellings. As you would expect, the business enjoys high levels of regular local and passing trade throughout the day.

Having served the community for many years, this heavily relied upon business has forged strong relationships with the local residents, boasting an extensive and loyal customer base.

East Moor Post Office operates from a highly visible and imposing double fronted premises, that were formally two units providing a spacious ground floor lock up retail space, which has been recently refitted to a high standard.

In addition to the usual post office facilities, the business also offers a host of additional services including MVL, travel insurance and foreign currency.
The business retails a range of newspaper and magazine titles, greetings cards, confectionery, tobacco products, soft drinks, groceries, toiletries and stationery.

East Moor Post Office is a thriving and highly lucrative business, yet is operated primarily under management and offers fantastic scope for future growth and development. With this in mind, the business represents an ideal purchase for a family unit who have the opportunity to significantly extend the trading hours until later into the evening and commence Sunday opening hours, introduce a selection of beers, wines and spirits with the opportunity to retail a wider range of convenience lines, sandwiches, dairy products as well as frozen foods.

These additions will significantly increase the already healthy trading figures, whilst ultimately enhancing the overall profitability of the business.

Sales
Currently shop sales average £1,500 approximately.

POST OFFICE SALARY
Annual PO income approximates to £35,000.

ACCOUNTS
Current records and accounts can be inspected when viewing.


TRADING HOURS
Monday — Friday 08:30 — 17:30
Saturday 08:30 — 13:00
Sunday Closed


STAFF
Operated under management with 5 part time members of staff.

Building External
The highly visible and imposing double fronted premises which was formally two separate units, offers a spacious and versatile ground floor lock up business accommodation.

BUILDING INTERNAL
The spacious sales area has been recently re-fitted to a high standard, with a range of quality fixtures and fitments creating a welcoming environment. The business has a fortress position and two open counter post office positions. There is an office, a storage area and a staff toilet. Externally there is a customer car park to the front of the precinct.

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

TENURE
We are advised that the property is held on a 5 year lease which commenced in 2015. The annual rent is £10,500 exclusive (correct as advised on 24/08/16). Rent reviews are to be confirmed.

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


SUMMARY
This is a rare opportunity to acquire a successful business with fantastic scope for future growth and improvement. To avoid disappointment, a viewing is highly recommended.

SHARE SALE
The business is owned by a limited company and so it is anticipated that this sale will be by way of a share sale of 100% of the issued capital of the company.


Nearest stations

  • Wakefield Kirkgate (0.5 mi)
  • Wakefield Westgate (0.8 mi)
  • Sandal & Agbrigg (1.6 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

  • Wakefield Kirkgate (0.5 mi)
  • Wakefield Westgate (0.8 mi)
  • Sandal & Agbrigg (1.6 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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