Convenience Store for sale

Mace Store & Coltishall Post Office, 24 Wroxham Road, Coltishall, Norfolk, eng, NR12 7EA

£475,000

Property Description

Commercial information

  • Business for sale

Key features

  • Total sales Y/E 28/02/2017: 372,155
  • Gross profit Y/E 28/02/2017: 98,705
  • Post Office salary Y/E 28/02/2017: 35,505
  • Substantial 4 bedroom property
  • Recent high quality store refit
  • Ideal family lifestyle opportunity. Energy Rating D

Full description

Tenure: Freehold

Description

The property is constructed of brick elevations under a pitched tiled roof, with the convenience store occupying the ground floor. To the rear there is a patio area and brick outbuildings.

Location

The village of Coltishall is situated in a popular rural location in central Norfolk, close to the River Bure, on the edge of the Norfolk Broads, some 10 miles north of Norwich and can be reached via the B1150. Coltishall benefits from a medical centre, primary school, preschool, playing fields, football, cricket, bowls and running teams and many social activities. Coltishall is central to many interlinked local road networks from both central and coastal Norfolk.

Norwich can reached via the A140, with London some 120 miles distant and from the A47 and A11 roads, with Cambridge some 50 miles to the south, King's Lynn some 30 miles to the west and Great Yarmouth some 20 miles to the east.

Norwich benefits from an intercity rail link direct to London Liverpool Street.

Internal Details

The store has an open plan sales area of approximately 950 sq ft and is fitted and equipped for the sale of convenience goods, frozen and chilled products, a full off licence section, newspapers, magazines, confectionery, cigarettes, greetings cards, stationery, pharmacy and medical products, fresh fruit and vegetables, pet food and hardware products. The business is also a National Lottery and PayPoint agent and further benefits from six newspaper delivery rounds and one van round, delivering to approximately 200 customers per morning.

The two position Post Office, which includes a separate sorting office to the rear of the store, is serviced by seven sorting office staff and postmen. Also to the rear is a staff WC, stockroom and office.

The store has full CCTV, air-conditioning, alarm systems and a new EPOS system installed in 2016.

Fixtures & Fittings

We are advised by our clients that all of the trade fixtures and fittings are owned outright.

External Details

The store fronts on to a main through road and is positioned in a highly visible location. There is both on and off road parking and a public car park nearby.

Owner's Accommodation

Substantial four bedroom accommodation, which is accessed from the rear of the building and comprises kitchen, living room, dining room and bathrooms/WCs. To the rear of the business there is off road car parking for three vehicles.

The Opportunity

Owned and operated by our clients since 2002, during which time they have extended the convenience store area and have recently completed a full modern refit. It is a well established and popular business, which is presented to a very good standard, however, there is further potential to increase sales.

Staff

Run by one full time owner with the assistance of five part time members of staff.

Trading Information

Sales for the year ended 28 February 2017 were £372,155, resulting in a gross profit of £98,705 and, in addition, a Post Office salary of £35,505.

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

Trading Hours

Monday to Saturday 6:15am - 8:00pm
Sunday 7:30am - 6:00pm

Business Rates

The Rateable Value is £8,400 for the year commencing April 2016.

Regulatory

Premises licence.


More information from this agent

Nearest stations

  • Hoveton & Wroxham (1.8 mi)
  • Worstead (3.7 mi)
  • Salhouse (3.8 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

  • Hoveton & Wroxham (1.8 mi)
  • Worstead (3.7 mi)
  • Salhouse (3.8 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.

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