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Warstock Post Office, 248 Prince of Wales Lane, Warstock, Birmingham, B14 4LJ

£650,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

Ask agent

SECTOR

Convenience store for sale

Floor/Site plan 1
1

Key features

  • Great location with good transient trade
  • Advised weekly turnover of c.£12,000 inc. VAT
  • Advised post office commission c.£55,000
  • Three-bedroom accommodation included
  • Opportunity to increase turnover
  • Planning permission granted for extension to store & accommodation , EPC Rating B
  • Christie & Co Ref: 5813155

Description

Location

The Post Office is well located in Warstock, a southern suburb of Birmingham. Warstock is a densely populated residential area with multiple new housing developments. The property is located on the Prince of Wales Lane and therefore has good transient trade. The store is approximately 7 miles from Birmingham city centre. As a result, the area has good public transport and a great road network with easy access to the M42 and A38. Birmingham New Street station is 7 miles from the business and provides excellent links to all the major cities across the UK. Warstock has numerous amenities ranging from shops, cafes, school, medical institutions etc.

Internal Details

Internally the retail trading area extends to approximately 967 sq.ft. The trading area has several central gondola units with a number of dedicated chillers and freezers around the perimeter of the shops trading area. The payment kiosk is located to the left-hand side of the entrance which showcase a range of alcoholic spirits and cigarettes. To the rear of the trading area is a large storeroom and Post Office counter. Behind the till, you will locate a kitchenette and stairs leading to the owner’s accommodation.

Fixtures & Fittings

All fixtures and fittings will be listed before an exchange of contract in a detailed inventory.

External Details

Externally, the property benefits from ample on road parking.

Owner's Accommodation

The owner’s accommodation spans over a singular floor which includes 3 bedrooms, kitchen, lounge and family bathroom.

The Opportunity

The Warstock Post Office offers an excellent opportunity for an experienced operator to acquire a business with scope to increase the turnover. The store will suit a multi operator who is looking to build on the excellent foundation of the current operator or a first-time buyer who is looking to delve into the convenience sector. According to the owner, there is planning permission to double the size of the shop floor and accommodation above. There is also ample land to the rear of the premise which could be developed into flats subject to planning.

Staff

A staff schedule can be provided upon request.

Trading Information

We are in receipt of 2023 trading accounts and 4 VAT Quarters. These can be provided upon request.

Trading Hours

The store currently opens 7am – 9pm, Monday to Sunday.

Tenure

The property is available for Freehold or a new lease.

Business Rates

The current rateable value is £10,250 as of the 1st of April 2023.

Energy Performance Certificates

EPC 1

Brochures

Warstock Post Office, 248 Prince of Wales Lane, Warstock, Birmingham, B14 4LJ

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Shirley Station1.0 miles
  • Yardley Wood Station1.2 miles
  • Whitlock's End Station1.2 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 5813155-fh. 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 Christie & Co, Retail. 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.

Map data ©OpenStreetMap contributors.

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