Post Office for sale

Bournemouth, Dorset

£75,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops

Key features

  • Busy prime town centre trading position
  • Regular trade from individuals and businesses
  • Comprehensively fitted and equipped premises
  • Mains Post Office with 3 position Post Office counter
  • Retail area includes AEI booth, photo booth and ATM
  • 2 valuable private car parking spaces
  • Offers a comprehensive range of Post Office services,
  • Post Office Remuneration 2018 92,393, Retail Sales 25,011
  • Efficiently run, vendor working in supervisory capacity on part time basis.
  • EM&F Reference Number: S34463R

Full description

Tenure: Leasehold

Description: A busy well supported Mains Post Office, established and under current ownership a substantial number of years, receiving a substantial Remuneration, also incorporating a WHSmith Local producing retail sales in respect of greetings cards and stationery items. Operating from comprehensively fitted and equipped premises, providing retail area, 3 position Post Office counter, back office room, separate office, kitchen and cloakroom facilities with the added benefit of 2 private car parking spaces. The business enjoys a great deal of regular repeat trade such is the trading position, having a wide customer base to include students and local businesses.

Location: Enjoying a lucrative eye catching trading position with free restricted on street car parking immediately in front ensuring easy access for customers. Overlooking a busy roundabout where Lansdowne Road meets Old Christchurch Road, Holdenhurst Road and Bath Road which in turn provide pedestrian and vehicle access to the town centre, college, offices, Dorset Police headquarters, student campuses and the pier/beaches. There is huge pedestrian flow from office workers, shop workers, shoppers and students, at the time of our inspection the business was next door to an Estate Agents, adjacent KFC, close to a Pharmacy and Ladbrokes along with numerous other popular catering establishments.

Area: Bournemouth, famous for its sandy beaches and pier, has a considerable seasonal uplift being a popular destination for holidaymakers in addition to playing host to a good size student population. The nearby A35 & A338 provide excellent communication links with the remainder of Bournemouth together with neighbouring Poole and Christchurch.

Premises: Aluminium framed glazed double frontage, incorporates ATM, aluminium framed glazed entrance door opens to RETAIL AREA, carpet tiles to the floor, suspended ceiling incorporating lighting, CCTV installed. Fitted with slat boarding, metal adjustable shelving and greetings card display to the walls, contains Lotto stand, greetings card spinner, photo booth, glazed front Coca Cola chiller and central double sided sales gondola in respect of stationery items. To the rear, full width 3 position POST OFFICE COUNTER complete with AEI booth and Lotto machine. From behind the counter access is gained to the INNER LOBBY with photocopier and storage cupboard, continues to the BACK OFFICE/STORAGE ROOM, carpeted, provides 2 work stations, fitted with wooden storage racking, contains CCTV monitor, REPOSS back office system, filing cabinets and cupboards. Staff KITCHEN leading off, fitted with stainless steel sink/draining unit, incorporates CLOAKROOM fitted with toilet and hand washbasin. To the other side of the premises, INNER HALLWAY with separate OFFICE (not currently utilised), back door opens to the rear of the property.

(None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)


Outside: To the rear of the property, PRIVATE CAR PARKING, the business benefiting from 2 car parking spaces.

Business: A long established busy Post Office branch, acquired by the current owner in 2004, now offered for sale in order to pursue retirement. The business became a 'Mains' Post Office outlet in 2013and offers a comprehensive range of Post Office services to include banking, car tax, passport checking, driving licence renewals, on demand travel money, travel insurance and mailing services. Through the use of the AEI booth the branch will be 1 of only 700 being able to undertake HM Passport Office digital check and send. The business benefits from being a National Lottery outlet, it also retails a wide range of greetings cards and stationery items, benefiting from being a WHSmith Local outlet albeit this agreement expires in 2020 and new owners can choose to continue with it or become independent in respect of offering their own greeting cards and stationery items. The business enjoys solid levels of trade from surrounding businesses and the many students living in the area, in particular foreign students and small businesses.

Trading Hours: The business trades Monday to Friday 8.30am through to 5.30pm and Saturday 9.00am through to 1.30pm.

Staff: Operated by the sole vendor who acts in a managerial capacity, living out of the area, and on average only working in the business approximately 2 days each week. Currently 2 full time members of staff and 2 part time members of staff are employed, the business would suit a full time working owner or a couple enabling a reduction in the current wages bill.

Takings: Accounting information provided confirms a substantial Post Office Remuneration which in 2018 amounted to £92,393 which was in addition to retail sales of £25,011 producing an overall Gross Profit of £101,479 which is after fees of £4,800 in respect of the WHSmith Local albeit these could be saved should new owners decide not to continue with the agreement when it comes to an end in 2020.

Comments: The sale of Lansdowne Post Office provides an opportunity to acquire a thriving Post Office outlet occupying a lucrative trading position ensuring substantial and consistent levels of trade. It is considered opportunities exist for new owner's through development of the retail side of the business, introducing additional lines.

Tenure: Held on the residue of a renewable 21 year Lease, last renewed 2013, current rent £16,750 per annum, subject to 3 yearly rent reviews and currently under review.

Rates: Approximately £4,910 payable per annum.

Price: £75,000 for the benefit of the Leasehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.



More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Bournemouth (0.4 mi)
  • Pokesdown (1.9 mi)
  • Branksome (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 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

  • Bournemouth (0.4 mi)
  • Pokesdown (1.9 mi)
  • Branksome (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 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 S34463R. 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 EM&F , Devon. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.