Convenience Store for sale

Nisa Store & Pakefield Post Office, 2 Pakefield Street, Lowestoft, Suffolk, England, NR33 0JT

£225,000

Property Description

Commercial information

  • Business for sale

Key features

  • Store sales Y/E 31/08/2017: 508,471 ex VAT
  • Gross profit Y/E 31/08/2017: 153,693
  • Post Office salary Y/E 31/08/2017: 54,291
  • High quality store refit
  • Well established & prominent position
  • Central residential location. Energy Rating D

Full description

Tenure: Leasehold

Description

A detached, single storey building constructed of brick elevations under a flat felt roof.

Location

The business is located in the centre of Pakefield, within a densely populated residential area and part of the large coastal town of Lowestoft, which has a busy tourist trade and commercial port.

Lowestoft can be reached via the A12 from the south, with London approximately 140 miles distant and via the A47 from the west, with Norwich approximately 40 miles distant.

Internal Details

The business has an advised floor area of approximately 2,000 sq ft and is fitted and equipped for the sale of chilled and frozen products, fresh fruit and vegetables, newspapers, magazines, confectionery, off licence, cigarettes, soft drinks, stationery, greetings cards, hardware and pharmacy products. The business also benefits from being a National Lottery and PayPoint Agent.

The Post Office is located to the rear of the store and is a modern style 'Main' open counter Post Office.

To the rear there is a stockroom, office and staff WC.

Fixtures & Fittings

We are advised by our client that all of the trade fixtures and fittings are owned outright, with the store having recently benefitted from a full refit following a conversion from the Spar brand.

Post Office Transfer

The transfer of the existing Post Office is at the sole discretion of the Post Office Network.

External Details

The Nisa Store & Post Office occupies a prominent, highly visible, corner position, adjacent to the main road leading into Lowestoft. To the front of the store there is off road parking for six cars, with on road parking nearby.

The Opportunity

An established family run business, which has been in the current ownership since 2016.

We believe that this is an excellent opportunity for a family or operated as a second business by an existing operator.

Staff

The business is currently run by one part time owner, with a pool of 12 part time and three full time members of staff including Post Office staff.

All staff are covered by TUPE as part of employment law.

Trading Information

Total store sales for the year ended 31 August 2017 were £508,471 excluding VAT, with a gross profit for the same period of £153,693 including commissions. The Post Office salary for the year ended 31 August 2017 was £54,291.

Further and more detailed trading information will be made available to interested parties following a formal viewing of the business.

Trading Hours

Monday to Sunday 7am to 10pm.

Business Rates

The Rateable Value is £12,250 for the year commencing April 2017.

Regulatory

Premises Licence.


More information from this agent

Nearest stations

  • Oulton Broad South (1.5 mi)
  • Lowestoft (1.5 mi)
  • Oulton Broad North (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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

  • Oulton Broad South (1.5 mi)
  • Lowestoft (1.5 mi)
  • Oulton Broad North (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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.

Disclaimer - Property reference 1418159-lh. 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 , Ipswich. 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.

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