Investment Property Currently Run As A Post Office
Durham, County Durham
For Sale
£199,999 +SAV
Ref: 2780 A
Freehold
Overview
Hilton Smythe is delighted to welcome to the market this ideal investment property. The property is currently being run as a popular village Post Office known as Ushaw Moor Post Office
The business was established as a Post Office in the 1940s and was taken over by our client in 2004. The business operates 5½ days per week and benefits from a Post Office salary of £34,000 per annum. Our client offers a variety of Post Office services including mail, vehicle taxing, foreign currency, financial services and lottery sales, to name a few.
This property could continue to trade as a Post Office or could easily change use with the right licencing. This is a great location that highly benefits the property; boasting daily footfall and passing trade.
The property boasts a spacious L-shaped retail area with two secure Post Office counters, as well as a four-bedroom accommodation, which has a separate street entrance. This could be used as an owners’ accommodation or let out to generate income.
The current business is unopposed within the area, with the nearest Post Office being approximately 3 miles away.
A convenience store or café business could be opportunities the purchaser considers. There is huge scope for this property; an investment property that is not to be missed. Early viewing must come highly recommended to avoid disappointment.
Turnover
The Post Office currently generates a Post Office salary of £34,000 per annum.
The Post Office is currently owner run and managed.
Monday – Friday: 9.00am – 5.00pm
Saturday: 9.00am – 12.30pm
Sunday: Closed
This investment property occupies substantial two-storey premises, ideally located within the village of Ushaw Moor in County Durham. The property is surrounded by densely populated residential areas, from which the business derives much of its trade. The business benefits from free on street parking facilities to the front and side of the property.
Ushaw Moor is an old pit village in County Durham. It is situated to the west of Durham, a short distance to the south of Bearpark. In the last 30 years the village has become the centre of the Deerness Valley and has prospered, where most pit villages have struggled. The good schools and amenities within the village has meant it has become popular with first time buyers and is a popular place in which to live and work, due to the good links with Durham and Newcastle.
The area of the business is well served by the public transport system, with several bus stops being within easy walking distance of the property. The nearest railway station is approximately 3½ miles away in the city of Durham. The area is also well served by the A-roads, with the A167 and A691 being within easy driving distance, which link to the vast A-road and motorway networks. Bishop Auckland is approximately 11 miles away and Newcastle is 20 miles away.
Prominent two-storey, corner premises, briefly comprising:
Retail Space:
Ground floor:
Spacious L-shaped retail area.
2 x secure Post Office counters.
Parcel Hatch.
Upright glass fronted drink/dairy chiller unit.
Greeting card display units to perimeter walls with under storage.
Storage space behind counter.
Access to house from behind counter.
Accommodation with:
Ground floor:
Porch.
Living room.
Dining room.
Kitchen.
Bathroom.
2 x WCs.
First floor:
3 x double bedrooms.
Single bedroom.
WC.
Tenure
We are advised Freehold.
