Post Office with Convenience Store

 North Harrow, HA2
Asking Price £150,000

Property Information

  • Reference number glenmore_1486872622-glenmore-NEW_1600761585
  • Property Type Retail
  • Tenure Leasehold

Location

North Harrow, HA2

Features

  • Rent £27000
  • Rate £6700
  • Lease 15 years
  • Turn over £ 4000

Property description


This is a great opportunity to purchase a Londis branded convenience store and mains post office, situated in a densely populated area of North Harrow, on the Greater London boarder close to the A404 and North Harrow underground station. Pay and display parking is also available within 500 yards of the business.

The post office and convenience store have been run under the current ownership since 2016, when it underwent a total refurbishment due to the conversion to a main post office, it is therefore presented in excellent condition throughout and only offered for sale due to a change in personal circumstances.

Sales
The annual post office salary to October 2018 is approx. £77,000 and increasing.

We have been advised that the post office can open the combi till between the hours of;
07:00 to 21:00 Monday to Saturday and 09:00 to 18:00 on a Sunday.

Staff
The business is managed by a husband and wife team, along with three part time shop assistants and one part time member of staff who covers the post office between the hours of 12pm to 6pm.

Building 
The business operates from a highly visible, deceptively spacious mid terraced property on a parade location within a densely populated residential area, among other independent retailers and national chains.
The business provides a welcoming, light and airy feel when entering from the street with one retail till situated to the front of the shop, plus one post office combi till. The two secure post office counters are to the rear.

Due to the refit in 2016 the shop is presented in excellent condition throughout, along with good quality shelving and two central displays. There are a number of modern energy efficient chillers used for soft drinks, beers, wines, dairy goods and pre-packed meats, plus a modern up right freezer.

The business stocks a vast selection of everyday goods plus newspapers, magazines, greeting cards and stationary.

In November 2018 an external atm is to be installed which will generate a minimum of £300 per month commission.


Residential Accommodation
To the rear of the property is a fully self contained flat consisting of one double bedroom, a living room, bathroom and kitchen. The flat is presented in excellent condition as it was refurbished at the same time as the shop. The access to the flat is from the rear of the property.

Tenure
We are advised that the property is held on a 15 year lease which commenced in 2016. The annual rent is tbc exclusive (correct as advised on 02.11.18). Rent reviews are at 5 yearly intervals.


Summary
This is an ideal opportunity for an existing operator or an energetic owner to build upon the excellent reputation the business has within the area. Whilst profitable under the current ownership there is genuine growth potential left for any new operator to exploit.

A viewing is highly recommended to fully appreciate the busy location, condition and overall business opportunity.

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