Newsagents & Post Office In Bridlington For Sale

Business description

Preferred commercial is please to offer to the market this busy post office and newsagents business, which was first established over 19 years ago and has been in our client's hands since 2002. The business is now being offered for sale due to our client's wish to emigrate. The business boasts a Post Office salary of £27,000 per annum and an annual turnover of £155,000. There is still scope to develop turnover further by offering a greater grocery range, opening later in the evening and possibly by introducing a deli counter or obtaining an alcohol licence. The business also benefits from a self-contained 3-bedroom maisonette above, which could be used as owner's accommodation or rented out to provide a letting income. We feel this is an ideal opportunity to acquire a profitable business, which still offers immense scope for the future. Early discussions with preferred Commercial come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 25 years
Remaining: 6 years
Review: every 3 years
Rent: £3,700 per annum

Leasehold rent:

£3,700 per annum

Location:

West Hill Post Office and Newsagents is ideally located amongst a parade of complementary shops and businesses within a densely populated residential area. The parade is just a short distance from the town centre and is close to a hospital and supermarket and benefits from being on the main bus routes to Scarborough, Hull, Driffield and York. Bridlington is easily accessible via the A614 and A615 leading to Hull and the M62.

Premises details:

3-storey purpose built retail unit with maisonette above. Briefly comprising:

Ground Floor
• Main sales and display area fitted to suit trade with 2-position post office counter, newspaper stand, various card racks, magazine and newspaper racks, stationery display, retail counter with cigarette gantry and confectionery display, lottery terminal, ice cream freezer, grocery display shelving and cash machine
• Kitchen
• WC
• Stockroom with shelving

First Floor
Private self-contained accommodation with separate entrances to the front and rear
• Lounge
• Dining room
• Galley style kitchen with new oven and hob

Second Floor
• Bathroom with newly fitted 3-piece suite
• 2 large double bedrooms, one with built-in wardrobes
• Single bedroom
External
• Large yard to rear with space to park 2 cars
• Garage, used as storage

Other information

Trading hours:

Mon - Tues: 6.30am - 5.30pm
Wed: 6.30am - 6.00pm
Thurs - Fri: 6.30am - 5.30pm
Sat: 7.15am - 7.00pm
Sun: 7.15am - 12.15pm