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Commercial property Details

Status: Sold or Rented Property Reference: HS-0000085216

Commercial property for sale
3 bedroom post office
£450,000
Canterbury, United Kingdom, United Kingdom

Key features:

Prominent trading position on the main road running through the village . Established in 1935 - T/O £200,000 pa GP 30% . PO Salary £25,000 pa. 3-bedroom owners\' accommodation .
Retirement: No
Shared ownership: No
New Build: No
Have Pool: No

Full description:

Tenure: Freehold

Location
Upstreet Post Office and Stores occupies 2-storey detached premises, ideally located in a prominent trading position on the main road running through the village of Upstreet, near Canterbury in Kent. The premises benefit from ample on-street parking and there is a bus stop directly outside. The business is situated close to the village\'s amenities and is surrounded by residential properties. Canterbury is just a short drive away and possesses further amenities and attractions, along with a wealth of shops and businesses. The village is surrounded by picturesque countryside and is a highly desirable place in which to live. The premises are easily accessed via the A-road network and the M2 motorway. Canterbury with all its history and architecture is only a short drive away along the A28. The seaside towns of Whitstable, Herne Bay and Margate are all under 10 miles away in a northerly direction.

Business History
Preferred Commercial is delighted to offer for sale this busy convenience store and Post Office, which was established in 1935 and which has been in our clients\' careful hands since 2008. The shop is only now being offered to the market due to our clients\' wish to relocate. The business trades 7 days a week and generates a turnover in the region of £200,000 per annum with a gross profit of 30% and with a Post Office salary of £25,000 per annum. The business offers an extensive range of products and services, including general Post Office services, convenience lines, hot and cold food, alcohol, CTN lines and the lottery. We feel the turnover could be further increased by establishing a newssheet and extending the range of products available. The business enjoys a loyal customer base and is well-supported by the local community. The premises boast a spacious well-fitted retail area and well-maintained 3-bedroom owners\' accommodation with lounge, kitchen and bathroom. This is an ideal opportunity to acquire an already busy convenience store and Post Office with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Financial Details
T/O: £200,000 approx.
GP: 30%
P/O Salary: £25,000 per annum
Lottery: £52,000 per annum

Opening Hours
Mon - Fri: 7:00am to 6:30pm
Sat: 8:00am to 6:00pm
Sun: 9:00am to 12:30pm

Accommodation Details
Substantial detached 2-storey retail premises with 3-bedroom owners\' accommodation. Briefly comprising:

Ground Floor
• Retail area with shelving and racking, display cabinets, freezers, 5 x refrigerators, pie oven, Post Office counter, shop counter, electronic cash register, alcohol display and lottery stand
• Kitchen with a range of units and work surfaces
• Dining room

First Floor
• Spacious lounge with fireplace and dual aspect
• Double bedroom with fitted wardrobes
• King size bedroom with built in wardrobes and dual aspect
• Single bedroom
• Recently fitted bathroom with whirlpool bath, separate showern, wash basin and WC

Loft
• Boarded loft space, could be converted into 4th bedroom

External
• Large garden set mainly to lawn with mature planting
• Gazebo to rear
• Patio area with small fence
• Shed currently used for shop storage
• Garage

Tenure
Advised freehold

Local schools: