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Property Listing Details

Property details

Features

  • Leasehold
  • Main post office with five counters plus combi
  • Post Office salary c. £130,000 per annum
  • Limited retail sales through choice
  • Run under management

Listing view statistics

Last 30 days: 37 page views

Since listed: 554 page views

Description

Reference - 45945

Description
Halesowen post office is located in the Town Centre of Halesowen, West Midlands on one of the main high streets within the region. Halesowen is approximately 8 miles from Birmingham and 3 miles from Dudley. The area in general is densely populated, with ample road and rail links along with various bus routes which serve the area on a regular basis.

We have been advised that the business has been trading since 2012 when it was opened by the previous owner and has been owned by our client since 2016. The business operates from a mid terraced property with ground floor retail space approximatley 3000 sq ft and the same on the first floor, which is currently used for storage. The post office is situated amongst other independent retailers and national chains and provides all of the main post office services.

The area in general is extremely busy throughout the day with plenty of local residents using the store and post office along with passing trade as well as the many office workers within the area such is the central location. Halesowen post office is well used on a daily basis and is presented in excellent condition throughout having been converted to a main post office in recent years.

In our opinion, this is an ideal opportunity for a hands on owner to drive the business forward and to build upon the excellent reputation the business has gained under the present ownership.

Sales
Shop
The business has limited retail sales through choice. We have been advised that there is an alcohol licence in place but currently no alcohol is stocked. A photo booth generates approx. £6,000 per annum.

Post Office
The post office salary is in the region of £120,000 per annum

Accounts
The business’ current records and accounts can be inspected after viewing by genuinely interested parties.

Trading Hours
Monday – Friday 08:30 to 17:30
Saturday 09:00 to 15:00
Sunday – Closed

Staff
The business is managed by the full time manager, two part time staff members and one full time retail staff.

Building External
The business operates from a mid terraced property occupying a prime road side position with excellent signage.

Building Internal
2000 sqft allocated to another company as subletting lease which generates income of £36000 Annual Rent. 1000 sqft allocated to Post Office and retail such as stationary, gifts and cards.
Anciliary areas

Towards the rear of the retail area there are storage facilities along with a kitchen and staff bathroom facilities.

We have been advised that the first floor is approx. 3000 square feet in size and is currently only used for storage.

Tenure
We are advised that the property is held on a 10 year lease which commenced in 2016 with a rent of £36,000+vat per annum. Rent reviews are every 5 years. The front of the shop, covering 2000sq ft has been legally sublet by the current owner which generates £36,000+vat per annum rent, thus effectively making the rent for the post office zero per annum.

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

Summary
An ideal opportunity for an energetic family or existing operator to acquire a well used and profitable main post office business within a densely populated area of the West Midlands.

A viewing is highly recommended to fully appreciate the business opportunity and location in general.

Residential Accommodation
There is no accommodation included within the sale.

Map & Nearby

Local Amenities

  • Old Hill 1.5 miles
  • Rowley Regis 2.1 miles
  • Halesowen CofE Primary School 0.1 miles
  • Tenterfields Primary School 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Old Hill 1.5 miles
  • Rowley Regis 2.1 miles
  • Halesowen CofE Primary School 0.1 miles
  • Tenterfields Primary School 0.2 miles
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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.