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£110,000
Paignton, Devon, Lock-up Post Office of approximately 52 sq
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Price:
£110,000 Get Prequalified Today
Contact:
01803 295433
Location:
28 St Michaels Road, Paignton, Devon
Description:
Lock-up Post Office of approximately 52 sq m run by current proprietors for 21 years - retirement sale. Sub post masters salary of approximately 21,500 per annum.
Details
Torbay
Torbay is an attractive town on the English Riviera famed for its mild climate and Mediterranean like atmosphere. Together Torquay, Paignton and Brixham, it forms the area known as Torbay as has its own unitary authority which was established in 1998. The resident population of Torbay is approximately 134,000 according to the 2001 census. Torbay is a vibrant holiday destination known as the English Riviera and attracts a large number of visitors each summer. According to Torbay Council's Tourism strategy 2010/2015, Torbay remains Devon's main resort and attracted in excess of 1 million staying visitors and 2 million day visitors in 2007, spending in excess of 438 million.
Location
The business is situated in this densely populated residential area of St Michaels in Paignton between Fisher Street leading off the main Dartmouth Road and the main Paignton to Totnes Road. In the immediate vicinity are two Primary Schools, a language centre and a large private school. Paignton town centre and the sea front are within approximately 1 mile.
St Michaels Post Office
The post office business has been run by the current proprietors for 21 years and is presently run as a husband and wife team with part time assistance. Opening hours are 9am to 5.30pm Mondays to Fridays and 9am to 1pm Saturdays. The shop sells a range of groceries, confectionary, greetings cards and stationery. Surrounding businesses include Sunbury Stores opposite, a Chinese takeaway, hairdressing salon and colour glaze glass merchants.
One of the main attractions of the business are the low level of overheads for example rates payable in the current 2011/2012 are 236.97 with small business rates relief.
Shop sales are currently running at approximately 15,000 per annum with a high profit margin. Audited accounts are available to Bona Fide purchasers.
Accommodation
The Shop 25' 4 x 11' 7 (7.71m x 3.52m)
Fitted with a range of display units and including the post office counter at the rear of the shop. Also to the rear of the shop there is access to:
Storage Area 21' 2 x 5' 9 (6.46m x 1.76m)
Fitted with stainless steel sink unit with hot water and cupboard under. Door to rear yard.
Further Door To:
Second Storage Area 9' 9 x 8' 9 (2.98m x 2.67m)
Access To Separate WC
Door To:
Post Office Counter 7' 5 x 6' 11 (2.26m x 2.12m)
Services
Mains, water, electricity and drainage. We have not carried out any detailed tests of these services.
Rateable Value
2,225 (2010 List) Rates payable subject to small business relief for the 2011/2012 year are: 236.97
Water Rates
Currently running at 24 per quarter approx
Stock
Available at valuation. Currently circa 4000 - 5000
Security System
Post office alarm system and telephone system installed at the expense of the Post Office.
PO Salary
Currently approximately 21,500 per annum based on a core figure of 833.33 per calendar month plus percentage of work generated through many ebay customers and post and packages from schools, colleges, etc.
Purchase Price
110,000 Freehold plus stock at valuation (Or might let on new lease at a rental of 5,000 per annum with an ingoing of 49,950)
Property Type:
Office Space for Sale
Amenities:
Alarm, Storage
For sale by:
Agent/Broker
Phone:
01803 295433
Posted:
Contact:
01803 295433
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Let me know if you have any questions. – Irvine Nott & Co
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More About this Listing: Paignton, Devon, Lock-up Post Office of approximately 52 sq
Paignton, Devon, Lock-up Post Office of approximately 52 sq is a Office Space for Sales for Sale at 28 St Michaels Road in Paignton DEV. Find other listings like Paignton, Devon, Lock-up Post Office of approximately 52 sq and listings near 28 St Michaels Road by searching Oodle Marketplace for Office Space for Sales for Sale in Paignton DEV.
Paignton, Devon, Lock-up Post Office of approximately 52 sq is a Office Space for Sales for Sale at 28 St Michaels Road in Paignton DEV. Find other listings like Paignton, Devon, Lock-up Post Office of approximately 52 sq and listings near 28 St Michaels Road by searching Oodle Marketplace for Office Space for Sales for Sale in Paignton DEV.