| (REF: kbs 36878) Post Office, News Convenience Store And Investment Property |
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| Seller Reference: |
kbs 36878 |
| B4S Reference: |
17138 |
| Asking Price: |
£625,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£296,400 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Cornwall, Cornwall, United Kingdom |
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The business was established by the present owner over 30 years ago and has since successfully traded in the centre of the very attractive waterfront Cornish village. The business provides the local area with vital Post Office services and the Post Office salary is currently £13,500. Retail sales average £5,700 per week at a GP of 24.5% and the business enjoys seasonal summer trade uplift.
In addition to the retail and Post Office business, the property offers three flats – two 1 bed and one 2 bed – above the business premises. There are presently let and provide a rental income of £15,000 per year. There is obvious scope for these to be let as holiday accommodation which would provide significantly higher rental income. Most unusually (and also offering commercial scope) there is a well located below the property that provides up to 70,000 litres of pure water per day. Our client feels that this may offer some interesting commercial opportunities.
The sale presents a very rare opportunity to acquire a well established and thriving business with clear scope and an impressive investment property. Viewing is strongly recommended to appreciate.
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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