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Allendale Post Office & Village Store, Market Place, Allendale, Hexham, Northumberland, NE47 9AZ

£450,000

Business rates & charges may apply

Christie & Co, Newcastle Upon Tyne
SECTOR

Post office for sale

Key features

  • Average weekly turnover £6,300
  • Annual PO income £13,600
  • Maisonette / holiday letting rooms above
  • Extended and improved over 16 years
  • Excellent lifestyle choice in superb town
  • EPC Rating E
  • Christie & Co Ref: 6411026

Property description

Tenure: Freehold

Description

This business and community Post Office occupies the ground floor of a four-storey stone built spacious property. The ground floor was largely extended to the rear increasing the scope of trade.

The first and second floors are holiday lets / bed sits which could be converted into one very spacious maisonette for a full-time home buyer owner operator. Alternatively, there is massive scope for Air B&B holiday lettings to increase revenue.

Access to the business is to the front, rear and side and fronts directly onto the pavement. The business has good quality signage both to the front and rear. The business benefits from the town having free car parking.

An information board located to the rear assists in driving footfall to the shop.

The windows are PVC double glazed sash windows except to the front which is wooden as this is a conservation area. Externally, there is an ATM cash machine which the business receives a modest rental from.

Location

The popular Allendale Town is to the south-west of Hexham in the beautiful Allen Valley which is surrounded by romantic countryside, hills and is popular for walking and tourism holidays. Allendale is a thriving town with local Co-Operative, butchers, a number of pubs, a primary school as well as cricket club and pharmacy, galleries and other points of interest.

Internal Details

Entrance to the store is to the front and rear, which saves queuing, having visibility for tourists to help drive footfall into the business.

The store is well lit with a selection of lighting styles and attractive stone flooring throughout. It has a CCTV system both within the store and outside the building. There is underfloor heating below the staff walking area and this is supplemented by halogen heaters from time to time.

To the front is a display of logs and sticks, pet products as well as cleaning products and other household items, newspaper boxes, upright soft drinks fridge, modern slat walling with bags of sweats, greeting cards spinners, post cards and a magazine display stand. There is a sink and staff sink behind the first small counter.

Attractive handmade large sales counter by local craftsman and bespoke display and service counter fitted behind. The business benefits from a comprehensive EPOS system with three tills together with online Lottery terminal and card machines etc. There is a display of confectionery, chocolates, tobacco, stationery, wrapping paper, North Pennine and Allen Valley information boards as well as the sale of maps.

There are two Post Office counter positions, one within a screened “fortress”. The Post Office business is busy and critical to the local community as it provides banking, postal and other services for a large area.

A dry-cleaning service is also on offer and a prepared area for catering but this is currently unused.

The rear section of the store is mainly dedicated to alcohol with chilled wines and beers, spacious and excellent wine ambience temperature display, ice cream freezer, small convenience selection of essentials only, including tinned products, baskets of crisps/ snacks, dairy products, bread and eggs.

Pizza & Takeaway Area
Chip Pan
Blue Seal double pizza oven
Stainless steel extraction unit
Four ring hob and catering oven
Stainless-steel fridge and freezer
Prep areas and handwash sinks
Spacious storage cupboard / prep table

There is a Vivaldi II coffee machine, stainless-steel dishwasher, scales, refuse and prep areas.

Letting Accommodation

Access to the letting accommodation is from the side with an internal connecting door which could easily be blocked up if required. All levels have the requisite fire alarm and exit signs for current standards of commercial letting. It is well decorated throughout and heating is provided from localised electric convection heaters in each unit which were recently installed.

The first floor has a spacious hallway with two rooms off the hall, one has an open plan lounge / bedroom area with kitchenette, shower room, and toilet (currently used as a stock room, office and overflow fridges), the second room (currently used as a stock room) and WC.

The second floor has two units one with a large open plan living room, kitchen, bedroom and shower room/toilet. Second has a bedroom with small kitchen and shower room/toilet.

The third floor at attic level has two bedrooms with a modern bathroom comprising bath and shower over and toilet and basin but no kitchen.

At attic level there is a further bedroom which is open plan and has a kitchen area and en suite shower room.

The Opportunity

Our client purchased the business in 2005 and has built a large extension to the rear ground floor area of the shop and modernisation within the property. Throughout ownership she has only worked in the business spasmodically as her career is elsewhere. A testament to the quality of the staff that the operation is smooth. The owner is now looking to sell as she is downsizing following a health episode.

This is an excellent opportunity for someone looking to have a lifestyle choice and move to the countryside but run a profitable business either living onsite or continue to utilise the rooms as a B&B holiday or short term let.

Staff

There are three main staff members as well as casual staff who open and close the store themselves and were superb during covid lockdown.

Trading Information

As advised by our client, the average weekly turnover is £6,300 with an annual Post Office income of £13,600.

There is a pizza takeaway business within the store but has recently closed due to the trained member of staff leaving. It was hugely popular but our client has decided, given the sale process, not to replace.

There is also the potential of income from the four rooms let upstairs which is currently generating £12,000. This could however be substantially higher with Airbnb.

Full trading profit and loss accounts will be provided to seriously interested parties after a formal viewing through Christie & Co.

Trading Hours

Monday to Saturday
8.00am to 8.00pm

Sunday
8.00am to 4.00pm

Tenure

Freehold

Business Rates

The Rateable Value is £5,632 with effect from December 2017. There is a 100% reduction to rates payable due to having the post office within.

Confirmation of actual business rates payable should be obtained from the local authority.

Energy Performance Certificates

EPC 1

Allendale Post Office & Village Store, Market Place, Allendale, Hexham, Northumberland, NE47 9AZ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Haydon Bridge Station5.4 miles

About Christie & Co, Newcastle Upon Tyne

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

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll disco

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Disclaimer - Property reference 6411026-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, Newcastle Upon Tyne. 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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