Page main header

Skip to main content
Close main menu
Open main menu

Property Listing Details

Property details

Features

  • Leasehold
  • Well presented convenience store and main post office
  • Store turnover currently £4,000 per week, post office comission £7,500 per month
  • Lockup store with new lease available, good rental rates
  • Scope to expand, all fixtures and fittings are new, viewing recommended

Listing view statistics

Last 30 days: 35 page views

Since listed: 815 page views

Description

Reference - 46438

Description
Bitterne Post Office is a mains post office and general store, located in Southampton in the heart of a very busy parade of shops and stores.

The business consists of two halves’, the post office and the general store.
The post office is a full mains post office, which offers all post office services from bill payments to passport checking, cash and daily banking, health lottery, car tax and the full range of postal services.

The current income is by commissions and the post office is averaging approximately £7,500 per month in commission payments.

The convenience store sells all aspects of food and drinks, alcohol, cigarettes and general household goods with scope to offer newspapers and magazines. The weekly shop turnover averages £4,000.

The business utilises the full epos system, and has a pay station within the post office, a general counter and fortress counters. The current vendor is the registered postmaster.

The business does not advertise their services and is supported by locals and a great deal of passing trade. There remains scope within the business for a new owner to expand upon the current success.

The store has scope to expand on goods and has room for additional shelving.
All in all, Bitterne Post Office is an excellent choice, a viewing is highly recommended to avoid disappointment.

Sales
Current shop sales average £4,000 per week approximately.

Annual Post Office Income
Approximately £7,500 per month, excluding National Lottery Commission.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Store
Monday – Saturday
08:30 – 18:00

Sunday
10:00 – 16:00

Post Office
Monday – Saturday
08:30 – 15:30

Sunday
Closed

Please Note: Some counter services are available at the main till area

Staff
The business is managed by the owners with full and part time members of staff.

Building External
The building is located along a busy main road with a parade of shops. The vendors have the ground floor of 2 stores, which have been opened to form 1 store.

The business premises are served by aluminium doors and windows and a low rendered brick wall.

The property is multi story with private flats above. The property benefits from CCTV and is alarmed.

Building Internal
The main store counter is located to the right as you enter the premises.

To the rear of the counter area is shelving for medicines and cigarettes. The lottery is upon the main counter.

All gift wrap and stationary items are located to the rear of the shop.

On the left hand side of the store is shelving with general convenience goods. The main fortress post office is located to the rear of the premises with an office to the rear of the counters.

To the main front counter is an open post office position. Throughout there are multiple shelving for goods.

Residential Accommodation
There is no residential accommodation for owners/management available.

Tenure
We are advised that the property is held on a tbc year lease which commenced in tbc. The annual rent is £25,000 plus VAT exclusive (correct as advised on dd/mm/yy). Rent reviews are every 5 years.

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

Summary
Bitterne Post Office provides an ideal base for the first time business owner or a seasoned professional wanting a business capable of earning money from day 1 with a loyal and growing customer base.

Viewings are highly recommended to appreciate what is on offer here. The vendors will consider all reasonable offers for the business which will be sold in the form of an asset sale plus goodwill

Map & Nearby

Local Amenities

  • Bitterne 0.7 miles
  • Sholing 1.3 miles
  • Bitterne CE Primary School 0.2 miles
  • Glenfield Infant School 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Bitterne 0.7 miles
  • Sholing 1.3 miles
  • Bitterne CE Primary School 0.2 miles
  • Glenfield Infant School 0.2 miles
Switch to next tab

Want an expert valuation of your home?

Book an agent valuation
Property descriptions and related information displayed on this page are marketing materials provided by Kings Business Transfer. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Kings Business Transfer for full details and further information.