Retail premises for sale in Newport Road, Cwmcarn, Cross Keys, Newport NP11

£319,950
Retail premises for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • Prominent Village Location
  • Accounts Available Year End 28th February 2020
  • Annual Turnover £8,952
  • Post Office Salary £24,600
  • Accounts Available After Viewing
  • Long Trading History
  • Retirement Sale
  • 4 Bedroom Accommodation
  • Well Presented
  • Fully Equipped
  • Scope To Expand Product Range
  • Potential For Longer Opening
  • Scope To Introduce Convenience Products
  • EPC - D

Property description

Ref 7343 – Freehold Post Office With Accommodation
Blacks Brokers are pleased to bring to the market this freehold Post Office with accommodation located in Cwmcarn, Newport.


Introduction


Cwmcarn Post Office was established over 100 years ago in this well populated area of Newport. Our client has been in ownership since 1988. With such an impressive trading history, the business is very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google.


Location


Cwmcarn Post Office occupies a high trading position within the centre of the village. The area is densely populated residentially but there are also a number of other local amenities nearby including a primary school, takeaways, independent retailers and much more. The area is well linked by the M4 with very strong public transport links and parking is available in the immediate area.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due to our client’s retirement wishes, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Staff


The business operates with our client and spouse only in full time employment.


Financial details


Cwmcarn Post Office has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £8,952 with Post Office salary of £24,600. Full financial information is available upon request.


Business rates


The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This reliable and long established business occupies an enviable trading position in a residential area of Cwmcarn. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and longer opening hours. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. It may also be of great interest to an investor looking to let the accommodation and business either together or separately. Early viewings are strongly advised. Business & Property: £319,950.

Please quote ref: 7343

Business Accommodation

Building layout and design
Cwmcarn Post Office operates from the ground floor of a spacious mid terraced property on a busy road. The business has large branding and signage on display above a fully glazed frontage. Inside, there are three counters enclosed within a secure area which is positioned to the rear of the large retail space. The storage room is to the rear of this. All areas are well equipped and presented nicely.

The first floor accommodation comprises of four bedrooms, lounge and kitchen. There is also a laundry area and toilet facilities within the basement of the property.

Fixtures & Fittings

Shelving
Racking
Till

Opening Hours

Mon - Fri: 08:30 - 17:30 Sat: 08:30 - 12:30 sun: Closed

Arrange Viewing

For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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