Post Office for sale

Penryn Post Office, 59-61 The Terrace, Penryn, England, TR10 8RW

£239,950

Property Description

Commercial information

  • Business for sale

Key features

  • Post Office remuneration 55,000
  • Shop sales 17,043
  • Town's main Post Office
  • Busy town centre trading position
  • Self contained apartment
  • Energy Rating G

Full description

Tenure: Freehold

Description

A two storey mid terrace premises with white rendered facia comprising of a ground floor shop and refurbished self contained first floor flat.

Location

The busy west Cornwall town of Penryn is a centre for sailing and home to several boatyards. The most recent development is the Tremough Campus – part of both the University of Exeter and University College Falmouth. Much of the old granite town has been restored in recent years and Penryn has its share of shops and galleries. There are several restaurants, cafés and pubs in the town and many more in nearby Falmouth. Truro and Helston are also nearby, making Penryn a convenient centre from which to visit much of west and mid Cornwall. The area also offers a wide variety of self catering accommodation, and there are several sandy beaches within walking distance.

Internal Details

A single entrance door leads into approximately 480 sq ft of recently refurbished sales area, briefly comprising: a range of metal wall shelving, a centre gondola, stationery, confectionery and toy displays, a spacious three position Post Office fortress counter with standard Post Office equipment and furniture, various freestanding displays and slate effect tiled floor. In addition, there are two stockrooms, a side storeroom, staff kitchen and staff toilet.

External Details

To the rear of the property is two parking spaces leased from the neighbouring property for the use of the accommodation. There is a large timber shed and a small covered yard area with a secure door to the shop premises. The timber staircase to the first floor flat is also accessed from here.

Owner's Accommodation

The first floor flat has recently been refurbished and is accessed via a timber staircase to the rear of the property, which leads to a timber decked sun terrace style garden area. It consists of a living room/kitchen, bedroom, utility room, shower room and separate toilet. We are advised that the flat could be rented for between £550 and £600 per calendar month.

The Opportunity

The business has been successfully operated and much improved by the present owner since they acquired it via Christie & Co in 2007. They now wish to pursue other business interests.

Staff

The business is currently operated by a sole proprietor with the assistance of three part-time staff. The annual wage bill is in the region of £17,000. This could be significantly reduced if the business were to be run by a full-time couple/partnership.

Trading Information

We are in possession of accounts showing:
Shop sales £17,043
Post office income £55,281
Gross profit £59,104
Adjusted Net Profit £35,000

Trading Hours

Monday to Friday 9am-5.30pm
Saturday 9am-12.30pm

Business Rates

The Rateable Value is £8,100 for the year commencing April 2017.


More information from this agent

Nearest stations

  • Penryn (0.3 mi)
  • Penmere (1.6 mi)
  • Falmouth Town (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 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

  • Penryn (0.3 mi)
  • Penmere (1.6 mi)
  • Falmouth Town (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 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 3216924-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 , Exeter. 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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