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Retail Property (high street) for sale

Unit 1 - NE29


Property Description

Commercial information

  • Business for sale

Key features

  • Post Office Salary 48,000
  • Main Post Office Counter
  • Enviable Location
  • Business currently running at 44% profit

Full description

Tenure: Leasehold

Preston Grange Post Office is an extremely busy business which has been run by the current proprietor since 2005. The business has been placed on the market due to the vendors other business interests. Although the business is trading well, there is still opportunity to expand the business.
The business offers a range of Post Office services including Foreign Exchange and Road Fund Licences. The current owners are also hoping to have the facility to accept Passport Applications in the near future.
Along with the Post Office, the business also offers a well established card and gift shop.
The shop offers an excellent range of cards and gifts for all occasions along with a good selection of newspapers and magazines.

North Shields is a town on the north bank of the River Tyne, in the metropolitan borough of North Tyneside, Tyne and Wear in North East England. Historically part of Northumberland, it is located eight miles east of Newcastle upon Tyne.
Preston Grange Post Office is well positioned within the Collingswood shopping centre. The business is surrounded by residential and commercial properties and benefits from an ajoining car park which offers free parking for up to 300 cars.

Building Internal
The business occupies a terraced lock-up unit. The front is straight to street with a full glass frontage. The main entrance is from the front which in turn leads into the main shop.
The Post Office counter is located to the rear of the shop and has three serving positions plus a Combi-Till.
The shop floor is well fitted with wall display shelving and several free standing display units for gift wear.
To the rear of the shop is a small stock room with staff facilities.

Trading Hours
The business is open

Monday to Saturday: 0600-1730
Sunday: 0600-1000

Building External
The front of the property is straight to street with ample free parking.

We are advised all services are present.

The property is held on the equivalent of a leasehold. The current lease is for 18 years from Feb 2005 with an annual rental of £15,000.

Full trading Figures will be made available after a formal viewing has taken place.

The sale of the Preston Grange Post Office offers a great opportunity to purchase an established and well performing business. Viewing is highly recommended.

Offers in the region of £29,000 are sought for the leasehold interest, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease, this will be available to all parties wishing to offer.

Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

All offers should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 3140660.

Offers in the region of £15,000 are sought for the leasehold interest, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Map & Street View

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