REF 5758

Post Office & Convenience Store with two 2 Bedroom Flats

Sunderland

Location

This post office, convenience & off licence business is located on Thorndale Road within a suburb of Sunderland. In a dense residential area of Thorney Close and situated just off the main road within a parade of shops the store has no direct competition and parking spaces in front of the shop. Close to local amenities and easy access to the main city via the local bus route or car.

Business

A well refitted Premier branded business with fixtures & fittings including a 3.7m alcohol chiller, two drinks chillers, two 4m open chillers, two upright freezers, three chest freezers and an ice-cream freezer. The business further benefits from an internal cash machine, coffee machine and CCTV system.

Established for over 40 years and the business/property is now for sale due to retirement after having been with the current owner since 2005. The business is mainly staff run and there is scope to increase the sales via extending opening hours.

The 1,500f² open plan trading area leads to ancillary areas including stock area to the rear with delivery access on the ground floor and a further stockroom area upstairs with WC on the first floor.

Accommodation Details

The two 2 bedroom upstairs flats are currently let on 6 months Assured Shorthold Tenancy Agreements, income of which yields £5,400 each per annum. The accommodation and garage are available as a freehold option only.

The freehold purchase option includes the retail store, two upstairs 2 bedroom flats and external garage.

The leasehold purchase option includes the retail store only.

Please contact us for more details on the property.

Shop Dimensions

Trading Area 140m² (1,506f²)
Stockroom Area 34m² (366f²)

All information provided is subject to the standard terms and conditions of A1 Businesses Ltd. (trading as A1 Businesses for Sale). See our disclaimer page for more details.

Viewings

Any viewings for the business and/or property are to be made strictly by appointment only through A1 Businesses for Sale. No approach should be made directly to the owner or any of their employees.

Commission on Services
Available on Request

Post Office Commission
£18,000 per annum

Staff
3 contracted & 3 non contracted

Stock Value
Approximately £50,000

Lease Information
A new 10-20 year lease is available

Trading Hours
Mon - Sat 7:00am - 9:00pm
Sunday 8:00am - 9:00pm

Rateable Value
£15,250

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) click here for more information

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