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Retail premises for sale

£25,000 Fixed price

Nuneaton, Warwickshire CV10

Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Prime Trading position for sale for first time in 40 years
  • Po Salary £23,000-£24,000 per annum
  • Potential to significantly increase opening hours, stock lines and profits
  • Spacious 4 Bedroom Accommodation, with opportunity to sublet

Property description

Reference - 40145


Description


This is a once in a generation opportunity to acquire a delightful Post Office which occupies a prime trading position on a busy main road in Nuneaton, Warwickshire.

Stockingford Post Office occupies a commanding and highly visible trading position on Arbury Road, one of Nuneaton’s busiest main roads. Stockingford is a well populated residential area with many local schools and businesses and the Post Office therefore enjoys high levels of footfall throughout the day as well as trade from neighbouring villages and passing trade.

Having successfully served Stockingford and the surrounding areas for over 100 years, this heavily relied upon Post Office has forged strong relationships with the local community and the business subsequently has an extensive and loyal customer base. The Post Office has been owned and run by the same family for over 40 years and is on the market for the first time since 1973. In addition to the Post Office services the business currently retails a large selection of greetings cards, toys and stationery but limited confectionery. A significant opportunity exists to expand the confectionary line and re-introduce tobacco and drink, as in prior years. As well as maybe introduce the lottery.

Stockingford Post Office operates from imposing semi-detached premises offering an excellent blend of versatile business and spacious self-contained 4 bedroom accommodation with extensive gardens. An opportunity exists to potentially sublet the spacious 4 bedroom accommodation to generate rental income.

Stockingford Post Office is a long established, historically, highly lucrative business yet currently operates on short opening times and therefore offers fantastic potential for future growth. The Post Office would ideally suit an ambitious and energetic owner-operator or couple who have the opportunity to significantly extend the range of stock lines to previous levels and capitalise on the ‘untouched’ lunch time, evening, Thursday afternoon and

Sales
po salary £23-24,000 per annum
Currently advised weekly shop sales circa £200


Accounts


Information supplied to us for 2010 - 2014 shows annual po income of £23-24,000


Trading hours


Monday, Tuesday, Wednesday, Friday 09:00-13:00,14:00 – 17:30
Thursday 09:00-13:00
Saturday 09:00-12:30


Staff


Operated under management.

Building External
The substantial and highly imposing semi-detached two storey premises offers an excellent blend of both versatile business and spacious self-contained family accommodation.


Building internal


The retail sales area is bright and airy with a two position Post Office counter. The sales area includes a range of good quality, modern fixtures and fittings which have been well maintained.


Residential accommodation


The substantial and versatile property provides spacious self-contained 4 bedroom accommodation which would be ideal for a growing family, although it could also be sublet achieving a substantial rental income for the new lessee. To the ground floor there is a spacious living room, fitted kitchen / diner, a second reception room and toilet. The first floor has 3 extremely large double bedrooms, a single bedroom and a family bathroom. Externally there are extensive lawned gardens, as well as a private garage to the side.


Tenure


The vendors own the property and will grant a new Fri lease (subject to contract) at an initial rent of £199 per week exclusive of rates. The lease term is negotiable. The vendors would consider a longer term lease from 15-25 years. Rent reviews are at 3 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.


Summary


A fantastic once in a generation opportunity to purchase a long established, successful business with terrific growth potential and extremely spacious 4 bedroom accommodation. To avoid disappointment, viewing is highly recommended.

What Zoopla users think of Nuneaton

Overall rating:

  • currently 3.5 stars
Good - 72% (190 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 3.5 stars
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  • currently 3.5 stars
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  • currently 4 stars
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  • currently 4 stars
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  • currently 0 stars
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  • 2
  • 5
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  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
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  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
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  • 5
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  • currently 0 stars
  • 4
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  • 0
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  • 5
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  • 0
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  • 5
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  • 3
  • 2
  • 5

Nearby transport

  • Bermuda Park (1.3 miles)
  • Nuneaton (1.7 miles)
  • Bedworth (2.8 miles)
  • Coventry Airport (10.1 miles)
  • Birmingham International Airport (11.3 miles)
  • East Midlands Airport (23.0 miles)
  • Sharpness Old Docks (68.7 miles)
  • Lydney Harbour (70.2 miles)
  • West Lynn Ferry Landing (81.0 miles)

Nearby schools

View all schools in Nuneaton and Bedworth
  • Stockingford Primary School (0.3 miles)
  • Croft Junior School (0.4 miles)
  • Glendale Infant School (0.5 miles)
  • Landau Forte Academy Tamworth Sixth Form (11.8 miles)
  • EBN Academy Phase 2 (12.0 miles)
  • East Birmingham Network Academy (13.6 miles)
  • The Nuneaton Academy (0.1 miles)
  • St Thomas More Catholic School and Sixth Form College (0.8 miles)
  • Discovery Academy (0.9 miles)
Note: Distances are straight line measurements

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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