£0 £1000000
£0 £1000000

Superb Convenience Store/Post Office With Accommodation

Newtown, Powys

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Sold

£284,950 +SAV

Ref: 2445 E

Freehold

Overview

Hilton Smythe is delighted to introduce to the market Kerry Village Shop. The business is a winning combination of convenience store and post office serving the local community and beyond. The business benefits from a monopoly trading position with no other competition in the immediate vicinity. Established circa 1955 the business has been successfully run and managed by our clients a successful husband and wife team for over twenty years. The business reports a turnover of around £203,660 with gross profit of around 22%, with an additional post office salary of £19,000 per annum. The post office offers a host of services with additional revenue generated from the well-stocked convenience store selling wines and spirits, newspapers and magazines, dairy products, every day essentials and much more. The store is immaculately presented throughout with products clearly displayed. Our clients have recently spent around £12,000 refurbishing the business including new flooring, chillers and freezers. The business benefits from superb living accommodation with 4 bedrooms and large private garden and generous parking for the owners. Additionally, included in the freehold is an attached two bedroom cottage, currently used as storage. The property is in need of restoration/refurbishment, however, we believe this could be ideal as a holiday let to generate additional income or could be used as additional living space for the new owners if required. This is a long established reputable business with a loyal client base, which genuinely comes to the market as our owners wish to retire. Early viewing is highly recommended of this outstanding business with potential for growth, in this idyllic location.

Turnover
The business reports a turnover of around £203,660 with gross profit of around 22%. In addition to a post office salary of £19,000 per annum.

The business is owner run and managed.

The business opens:- Monday to Friday 6.00am – 6.00pmSaturday 6.00am – 1pmSunday closed

The business sits within the picturesque village of Kerry, Powys. Kerry Village Shop sits within the heart of the village, ideally located on the main road through the village and conveniently positioned on a major bus route. Kerry lies on the A489 around 2 miles from the larger historic town of Newtown. The village lies along the Afon Miwl and is surrounded by stunning rural Welsh countryside, at the last census the population was circa 800.

Well maintained semi-detached premise briefly comprising:- Shop areaPost office counter housed behind glass partitioning, main shop counter with till and wrapping area, cigarette gantry, Lotto terminal and scratchcard dispenser with shelves behind for wines and spirits. Perimeter shelving to three walls, greetings cards racking, magazine racks, double glass topped ice cream freezer, single glass fronted drinks chiller, single glass fronted upright freezer, double glass fronted chiller, window to front and door leading to:- Dining room/officeFeature fireplace, stripped wooden doors, window to rear, alcove storage cupboards, cupboard containing safe and stripped wooden floorboards. LoungeFeature brick built feature fireplace with multi fuel burner, dual aspect with large windows allowing light to flood the room. Patio doors lead to the garden at the rear. Addition reception room currently used as a music room housing brick built feature fireplace with multi fuel wood burner, window to side ,alcove storage cupboards with leaded glass doors and laminate type wood effect flooring. Ground floor bathroomTiled walls with a modern white suite, heated towel rail, window to side and door leading to a utility area with plumbing for washing machine, generous worktop with space beneath for white goods. KitchenModern fully fitted kitchen with range type cooker and stainless steel extractor above, window to side, sink with single drainer, range of base units with cupboards above and space for larder fridge. First Floor3 double bedrooms, generously proportioned and light and airy, one with built in wardrobes and another with a small ensuite comprising toilet and hand wash basin.1 Single bedroom The business is presented well with discrete signage in keeping with the pretty village in which it is situated. There are gardens to the side and rear and a generous parking area for the owners use, there is a timber raised seating area and a small patio area. Adjoining two bedroom cottage in need of restoration/refurbishment.

Tenure
We are advised freehold.

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