Virtually Freehold (leasehold Property Approximately 950 Years Unexpired At A Ground Rent Of Only £1 Pa Fixed For The Entire Period) News, Confectionery, Tobacco, Greeting Cards, Stationery, Slight Convenience Groceries, Full Free Off Licence With Sub Post Office for Sale
Leasehold : £ 310,000
Freehold : £ 310,000
Post Office : £ 48,755p.a.
Turnover : £ 14,000 p.w.
Situated in a parade of 7 shops, residential estate, CUMBRIA
Turnover: £14,000 p.w. (Goods for sales inc VAT) Electric Gas sales are in addition to this as are Lottery sales approx. £6,000 per week contract through P.O). In our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £2,000 p.w. Gross profit 20% approx. Post Office salary approx. £46,000 p.a. to SEPT 2014. (this includes on line national lottery ticket sales and scratch cards). We understand the unaudited trading and profit and loss year ending 1st October, 2014 showed sales of £752,000 (including gas & electricity) with a gross profit of £112,000 plus post office salary of £46,000 ATM site rent of £1,500.00 making a Gross profit of approx £160,000.
||Included in the sale and situated over an adjoining shop is a MAISONETTE, long leasehold having approximately 94 years unexpired a Peppercorn ground rent. The MAISONETTE with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Bedrooms (2 doubles, 1 single)
Shower room with shower, w.c. and wash hand basin
||TO INCLUDE THE LONG LEASEHOLD SHOP PROPERTY, GOODWILL, FIXTURES & FITTINGS TOGETHER WITH THE LONG LEASEHOLD 3 BEDROOM MAISONETTE £310,000 plus STOCK AT VALUATION (£25,000/£30,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
OR PRICE EXCLUDING THE MAISONETTE £270,000 SUBJECT TO CONTRACT.