retail in DH1

Cheveley Park Shopping Centre, Durham, County Durham, DH1 2AA

£105,000

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Post office business for sale
  • Shop sales of £21,633 April 2018
  • Post office salary £66,528
  • £45,000 refurbishment in 2015
  • Cash point and lottery
  • Fixtures and fittings included in sale

retail in DH1

We are pleased to offer to the market this post office business for sale, 'Belmont Post Office'. The business occupies a ground floor unit ideally located along Cheveley Park Shopping Centre retail parade, Durham. The property was subject to a huge £45,000 refurbishment six years ago. The business has been successfully established for many years and generated shop sales of £21,633 and post office salary of £66,528 for the year ending April 2018. All fixtures and fittings are to be included in the sale. Further business details and full accounts can be provided upon serious enquiry.

Summary

  • Property Type: Retail
  • Parking: On Street

Location

The unit is located within Cheveley Park Shopping Centre with ample car parking spaces available. The shopping centre is approximately 3 miles from Durham city centre and just off the A1. The unit located within a residential area with Belmont Junior School in close proximity as well. The shopping centre provides numerous different uses and high footfall.

Accommodation

GROUND FLOOR
Main sales area:
Back area: 11.46sqm
Storage room: 1.74sqm
Staff W.C.s
NIA 73.98sqm (796sqft)

Business Details

The subject business is operating as 'Belmont Post Office', a long-established post office serving a wide catchment area. There are approximately 30 local businesses regularly using Belmont Post Office's services, and increasing. The business benefits from cash machine and lottery, and also offers 'Post Office Money' special offer exchange rates between July and September, generating more business in the summer months. Fixtures and fittings are to be included in the sale. As from accounts year ending April 2018, shop sales are £21,633, and the post master's salary is £66,528. Full accounts details can be made available upon serious enquiry. Post office offers facility for Passports and International Driving License.

Opening Times

Opening times are currently as follows:
Monday, Wednesday, Thursday, Friday: 9.00am to 5.30pm
Tuesday: 8.30am to 5.30pm
Saturday: 9.00am to 2.00pm
Sunday: closed

Lease Terms

The property was current let on a 6 year lease which expired in December 2018 and is currently holding over at a rent of £850PCM inclusive of VAT.

A new lease can be agreed with an ingoing tenant.

Rateable Value

The adopted rateable value is £6,800 as of 1st April 2017.
Sourced from VOA.

EPC

Available upon request.

Additional Information

For further information please contact our office direct on 0191-425-1507, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.