Post Office for sale

Ponteland Post Office, 36 Merton Road, Ponteland, Northumberland, NE20 9PS

£70,000

Property Description

Commercial information

  • Business for sale

Key features

  • Post Office income c. 56,000 (inc Lottery)
  • High income from travel agency
  • Approx 50,000 turnover PA from newsagents
  • Residential flat included, currently rented
  • Modern re-fit throughout in 2013
  • Energy Rating D

Full description

Tenure: Leasehold

Description

The property comprises a ground floor retail area and first floor flat and is located within Ponteland's shopping centre. The business has three aspects: the Post Office, travel agency and newsagents and is staff run.

Location

The Post Office is located in a shopping precinct in a sought after and affluent village near Newcastle upon Tyne. The village is readily accessible for Newcastle city centre and Newcastle Airport. The business is located amongst other shops and offices which aid levels of trade and there is a free car park behind the property. To improve the services, our client moved the business to this larger unit a number of years ago.

Internal Details

Modern flooring and ceiling, slat walling, travel agency business, news agency business and three position Post Office counter. The newsagents also has a dual use for retail and Post Office transactions. The store stocks a range of gifts, greetings cards and stationery. Office, small store room and toilet to the rear.

Letting Accommodation

There is a two bedroom flat to the first floor which is currently tenanted.

The Opportunity

Our clients purchased the business through Christie & Co in 2008 and have enjoyed running the Post Office during this time. The business has been staff run for the past three years. We feel that a hands-on owner-operator could make improvements.

Staff

The post office has one full time member of staff and two part time members of staff.

The travel agency has one full time member of staff and one part time member of staff.

There are two part time members of staff dealing with the newspapers.

Trading Information

We are advised that sales through the travel agency business are in the region of £600,000. Please ask for further details regarding gross profits. Retail gross turnover is approximately £50,000 and the Post Office income including Lottery is approximately £56,000.

Trading Hours

Monday to Friday
The store opens 6.30am until 5.30pm
The Post Office opens 8.30am until 5.30pm
Saturday
The store and Post Office opens 8.30am - 3.00pm

Business Rates

Confirmation of business rates payable should be obtained from the Local Authority.

Regulatory

National Lottery. Post Office transfer.


More information from this agent

Nearest stations

  • Newcastle Airport (1.7 mi)
  • Callerton Parkway (2.3 mi)
  • Bank Foot (3.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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

  • Newcastle Airport (1.7 mi)
  • Callerton Parkway (2.3 mi)
  • Bank Foot (3.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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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