For Sale
Village Post Office With Accommodation
Ferndale, Rhondda Cynon Taff
- Asking Price: £109,995 +SAV
-
Turnover:
The business generated a Post Office salary of approximately £42,000 plus a further £10,000 approximately from the shop in 2016.
- Tenure: Freehold
Ferndale Post Office has been in this location for at least the last thirty years but has been established since the 1920’s. The Post Office has been in the hands of the current owner since 2005 and is reluctantly being sold only due to his wish to enjoy a well-earned retirement.
The business is currently a mains Post Office with a Post Office salary of £42,000 however upon sale it will become a ‘local’ Post office and the Post Office salary is expected to be approximately £16,800. The Post Office will donate £10,000 to a new purchaser to upgrade and modernise the Post Office (subject to PO conditions).
The business also stocks a limited range of greeting cards and stationery items.
There is a cash point machine installed to the front of the business and with the rent that is paid and commission this generates an additional income of approximately £500 per month.
The business has many regular customers many of whom are known on a first name basis by the owner and staff, it really is the heart of the community and a well-respected and well used business.
Scope to improve
Extend the opening hours.
Review and increase the products sold in store, there is considerable scope to increase the shop takings considerably.
Convert the currently unused flat above into a lettable rental by providing a separate entrance.
Alternatively, the property offers the potential for generous owner’s accommodation if required.
Advertising and marketing campaign.
Maximise the use of social media.
Modernise and extend the shop.
The business is owner managed with the help of three-part time members of staff.
Monday to Friday: 9am - 5.30pm
Saturday: 9am - 12.30pm
Sunday: Closed
Ferndale is a vibrant town located in the Rhondda Valley in the county borough of Rhondda Cynon Taf Wales. Ferndale has developed over recent years, some new features have been added such as a new Astro-turf field, car park and an all-weather cricket training enclosure.
The Sky 1 TV comedy series “Stella” is largely filmed on location in Ferndale.
The business is ideally situated near the start of the High Street in Ferndale which is always busy during the day with loads of footfall and passing trade. The High Street is full of complementary businesses and the business is well signed and well known to the townspeople.
There is on street parking a short walk away as well as a free public car park.
The business occupies three floors of a period brick built property dating from the late 1890’s and retains many period features.
Ground Floor-
Shop
Traditional style Post Office with windows to front and high ceilings, tiled floor, perimeter shelving, greeting card racking, radiator, stationery section.
Post office counter with photocopier, fax machine and generous run of working space
Kitchen
Accessed via steps from the rear of the Post office counter, window to side, stainless steel sink and drainer with useful double cupboard beneath.
Lower Ground-
Store Room
With fluorescent lighting and perimeter shelving.
WC
With low level suite and hand wash basin.
First floor-
Lounge
Generous sized ideal for family, twin windows to front, high ceiling, pendant lighting and two radiators.
Kitchen
Window to rear, a range of base and wall units with generous run of worktop, stainless steel electric hob with extractor above, Neff built in double oven, stainless steel sink and drainer with monobloc tap.
Family Bathroom
Window to side, modern white 3-piece sanitary ware, Triton electric shower and radiator.
Hallway
With useful cupboard beneath stairs.
Bedroom
Good sized double, dual aspect with radiator.
Second Floor-
To the second floor are two bedrooms of identical proportions and description, both being generous doubles with Velux windows and radiator.
To the rear of the premises there is a area currently used as a bin store but could be updated to provide perhaps an outside seating area etc.
Whilst currently unused the living accommodation is of a generous size and could be modernised relatively inexpensively.
Tenure
We are advised this is a Freehold opportunity.
There are currently no business rates payable.
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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.
