For Sale
Investment Property Currently Run As A Post Office
Durham, County Durham
- Asking Price: £194,999 +SAV
-
Turnover:
The Post Office currently generates a Post Office salary of £34,000 per annum.
- Tenure: Freehold
Hilton Smythe is delighted to welcome to the market this ideal investment property. The property was previously 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.
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.
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.
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:
The ground floor space is empty space.
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.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
