Post Office for sale

Seven Sisters Road, London, N7

Guide Price £360,000

Property Description

Commercial information

  • Business for sale

Key features

  • Well located six position main post office
  • Post office salary 200,000 per annum
  • Superb high street location and condition
  • Retirement sale, viewing recommended

Full description

Tenure: Leasehold

DESCRIPTION
A superb opportunity to purchase an extremely well used and profitable six position post office, which occupies a prominent high road trading position in an affluent part of North London, within a densely populated residential and commercial area. The business is situated among other national and independent retailers along with major banks, coffee shops and estate agents.

The area surrounding the business is subsequently a hive of activity throughout the day with continual footfall, such is the main road positon which benefits from various bus routes, ensuring the business attracts high levels of regular local and passing trade at all times. We have been advised by our client that since the business moved to the current location in 2015, there has been a major refurbishment program due to the conversion to a main post office to provide the current set up, which now includes six counters plus a combi till offering all the major post office services, such as Bureau De Change along with passport check and send.

We have been further advised that the post office has been trading in the same vicinity for many years and has forged strong relationships with the community, whilst enjoying an enviable reputation and an extensive, loyal customer base. The business operates from a highly visible premises which offer a welcoming environment.

The store has a good selection of greeting cards and stationery, along with additional services such as the Lottery and PayPoint via the post office. The post office is located to the rear of the shop along with the coffee shop to the front of the building.

This store is a thriving and highly lucrative business, yet still offers terrific scope for future growth and would therefore ideally suit an energetic family unit who can develop the business to its true potential, with the addition of new stock lines which will undoubtedly increase the weekly sales, whilst ultimately enhancing overall profitability.

POST OFFICE SALARY
Annual PO income approximates to 200,000 including National Lottery Commission.

RETAIL SALES
We have been advised that the coffee shop generates an income in the region of 50,000 per annum.

ACCOUNTS
Current records and accounts can be inspected after a viewing by genuinely interested parties.

TRADING HOURS
Monday - Saturday 08:30 - 18:30
Sunday - Closed

STAFF
The business is run fully under management along with a mix of full and part time members of staff.

PROPERTY
The business trades from a highly visible and imposing premises, offering a spacious ground floor retail space.

TRADING AREAS
The welcoming sales area is bright and airy creating a welcoming environment. The business was refurbished in 2015 when it converted to a main post office and is therefore fitted to a very high standard with a comprehensive range of good quality, modern fixtures, fittings and a CCTV package.

In addition to the post office, the business offers a fairly unique coffee shop facility within the large open plan floor area.

The coffee shop occupies the front quarter of the shop and operates with a mix of traditional tables and chairs, along with leather effect sofa's. In total there are 30 internal covers plus 10/12 external covers.

The serving area consists of a single till with roll edge work tops and a glass display cabinet for cakes and soft drinks.

ANCILARY AREAS
There is a rear storage room for all the stock and a secure rear access for deliveries, along with a staff room and bathroom facilities.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners or management.

TENURE
We are advised that the property is held on a 15 year lease which commenced in July 2014. The annual rent is 75,000 exclusive (correct as advised on 22.04.16). Rent reviews are at 5 yearly intervals.

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

SUMMARY
A fantastic opportunity to purchase a successful, thriving business situated in a densely populated residential and commercial area of North London, presented in an excellent condition.

A viewing is highly recommended to fully appreciate the quality of the premises, business opportunity and overall location.


More information from this agent

Nearest stations

  • Arsenal (0.4 mi)
  • Holloway Road (0.5 mi)
  • Finsbury Park (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

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

  • Arsenal (0.4 mi)
  • Holloway Road (0.5 mi)
  • Finsbury Park (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

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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