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Retail Property (high street) for sale

Market Place - NE47


Property Description

Commercial information

  • Business for sale

Key features

  • Profitable store and community post office, village location
  • Community supported business
  • Large 3 bedroomed flat
  • Recently refurbished retail unit, viewing recommended

Full description

Tenure: Freehold

The business is situated in the popular village of Allendale, Hexham. Allendale is a rural village with well constructed traditional stone built properties. Despite the rural village location, Allandale Post Office is well positioned closely to the A69 and within easy reach of Newcastle and Carlisle.

The business has been under our clients ownership since 2005 and benefits from healthy retail sales generated through convenience items, cards, stationery, confectionery, drinks and gift wrapping in addition to a generous post office salary.

The post office and indeed the shop are heavily relied upon in the village and surrounding areas. Being an integral part of the local community, the business attracts a large number of repeat customers who utilise the post office services on a regular basis. Although this business enjoys an already healthy turnover, there is much potential to increase the sales further under new ownership by extending the retail lines.

The business benefits from a well presented owners accommodation which is self contained and can be accessed from a separate external entrance to the side of the property. The accommodation consists of 3 bedrooms, a large open plan dining kitchen and lounge area, as well as a family bathroom. The accommodation is offered in a true walk in condition, with many of the rooms having undergone recent refurbishment. The home is presented in an overall excellent condition with modern décor and would make an ideal family home with no work or upgrades needed.

Annual PO income approximates to £24,000.

Current records and accounts can be inspected when viewing.

Monday — Friday 06:30 — 17:30
Saturday 07:30 — 13.30
Sunday 07:00 — 13:00

The business is operated under management with full/part time members of staff.

Building External
The business premises occupies the ground floor of a traditional stone built terraced building. The main shop floor and post office are accessed via an entrance from the main square, leading into a welcoming shop floor with well-designed display units and shelving presenting various retail lines. The property benefits from an attractive external front with large display windows.

The customer service and post office counter is located at the left of the shop floor, with multi sales positions and a functional queuing system is in place. There is a separate entrance to the rear for the tourist information service, which has only recently been refurbished. In addition to the post office/shop, there is an office and utility area as well as staff wc facilities.

The residential accommodation is currently let and may be made vacant upon completion.

We are advised that the property is freehold.

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

The sale of Allendale Post Office and store offers an excellent opportunity for new owners to purchase not only an extremely successful business with a high turnover, but also ample owners accommodation. There is excellent potential and an early viewing is highly recommended.

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