Well Presented Traditional Post Office Business
- Asking Price: £265,000
We are advised the business is currently turning over in the region of £43,077 per annum.
The rateable value of the business premises is £8,200. There are no business rates payable.
- Tenure: Freehold
Hilton Smythe welcomes to the market The Fullhurst Avenue Post Office.
This long-established business has been run by the same family for over 18 years becoming a hot spot for local trade servicing the surrounding community and beyond. The post office receives a commission for services rendered and has remained very busy throughout the current vendors stewardship.
The business is laid out in a traditional format with stationary, birthday cards and display counters situated around the perimeter of the shop which also sells a range of chilled drinks and confectionery, crisps, convenience and tobacco.
The business offers the opportunity for a new operator to extend and diverse the food and provisions offering further, creating a more active online footprint as well as introducing new services to take advantage of the large residential population surrounding the site.
The site also has the benefit of three-bedroom accommodation to the first floor which has been completely refurbished and is currently let out on an AST.
The site generates a healthy post office commission with a large footfall through the shop everyday creating further opportunities for the new owner to take the site to the next level.
The business is run and managed by the current vendors.
The opening hours are as following;
Monday, Tuesday, Thursday, Friday - 8:15am-6:00pm
Wednesday - 8:15am-6:30pm
The business is closed on a Sunday.
The business is situated along the Fullhurst Avenue at the top of Narborough Road in Leicester and just a short stroll from Fullhurst Community College and the Merridale Medical Centre.
The site has the benefit of on street parking to the front of the building and is also on a main bus route in and out of the City.
The site is close to other businesses on the busy Narborough Road as well as being surrounded by residential dwellings.
Semi-detached dwelling with separate garage and rear garden, parking to the front and side of the site.
Main Post Office Counter and trading area on the ground floor with display racking, shelving and refrigeration units.
The property benefits from a separate rear entrance to the accommodation which briefly comprises kitchen and dining area and hallway, to the first floor is three good sized bedrooms, lounge and bathroom.
The property has just undergone major refurbishment.
We are advised the business and property is being offered on a Freehold basis with a guide price of £279,950.
The business is also available on a Leasehold basis with a new lease to be agreed at £79,950 with rent anticipated to be in the region of £10,500 per annum.