Convenience Store for sale

Spar & Post Office, 9 Gardyne Street, Letham, Angus, DD8 2PR

Under Offer £365,000

Property Description

Commercial information

  • Business for sale

Key features

  • Weekly sales c. 11,000 (net); ANP 63,931pa
  • 4-bed house with master en suite & garden
  • PO 'Local' income c.13,000 pa
  • Attractive rural location
  • ATM & National Lottery. Newsbill 2,200 pw
  • Energy Rating E (House D)

Full description

Tenure: Freehold

Description

This established Spar convenience store and Post Office 'Local' offers a fantastic self-employment opportunity. The business forms part of a close knit local community and is very much the focal point to daily life within the village for many.

The beautifully appointed four bed owner's accommodation includes a generous master with en suite bathroom and enclosed rear garden area. A superb combination overall and a perfect opportunity for buyers looking for that lifestyle/commercial investment balance.

Location

Letham is a charming rural village located in the North-East Scottish region of Angus, The village, which boasts a population of close to 2,000 residents, includes local amenities such as a primary school, health centre, pub/restaurant, takeaway, hotel and a selection of independent shops/businesses. The nearest secondary education is available at Forfar Academy, a brand new facility which opened last year.

Letham is situated approximately six miles from Forfar and access to the main A92. The major cities of Dundee and Aberdeen are 17 and 50 miles respectively. The popular golfing destination of Carnoustie is located just 11 miles south.

Internal Details

A modern store, with tiled flooring underfoot and fluorescent lighting overhead. Numerous refrigerated units can be found along the perimeter, with a dedicated alcohol section near to the front.

The retail counter is located alongside the main entrance and houses two EPOS tills. The counter is designed to work in conjunction with a single Post Office service point.

To the rear is access to the main house, rear garden, storeroom and staff WC.

Owner's Accommodation

The accommodation offers both internal access and from a main private entrance along Dundee Road.

Internally, the property has been beautifully appointed, offering well proportioned rooms with many extras included. The property also benefits from gas central heating and is fully doubled glazed throughout. The accommodation briefly comprises of the following:

Ground floor; Entrance hallway, lounge (French doors to the rear leading to a secluded garden) and kitchen with adjoining breakfast bar.

First Floor; Master bedroom with en suite bathroom, bedroom 2, bedroom 3, bedroom 4/study, hallway/occasional lounge area and shower room suite.

Staff

Further details are available of request although as standard TUPE regulations will apply.

Trading Information

Sales £575,711 excluding VAT and services for the year-end March 2018 period.

A Gross Profit of £126,562 (21.5%) was achieved for the same period with additional income also from the Post Office (£13,180) and ATM (£3,250) to add.

We calculate an EBITDA/Adjusted Net Profit of £63,931 for this period. Full trading accounts will be available on request post viewing stage.

Headline departmental mix:

22% - News/Mags
19% - Tobacco
13% - Dairy
11% - Alcohol
35% - Other

Trading Hours

Monday to Friday:
5.30am-9pm
Saturday:
6am-9pm
Sunday:
7am-7.30pm

Business Rates

The rateable value is £3,100 (effective from 1 April 2017). The property will qualify for 100% relief under the current scheme, subject to status.


More information from this agent

Nearest station

  • Arbroath (8.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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.

Floorplans


To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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 station

  • Arbroath (8.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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 5218546-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 , Edinburgh. 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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