Retail premises for sale in Merkin Street, Johnstown LL14

Offers in region of £395,000 (£571.64/sq. ft)
Retail premises for sale From 691 - 6,911 sq. ft*
Interested in this property? Call +44 1691 721953 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Post office business, retail sales and overall potential

An extremely strong Mains Post Office branch, with very attractive retail sales, with the owners now wishing to semi retire. This is a popular and much needed Post Office within this strong catchment.

Celt Rowlands & Co. Have discussed this Post Office business with the Post Office Regional Manager, who has authorised us to state the following - Interested parties are more than welcome to speak to the Regional Manager, and the agents will give those interested parties his contact details.

This is a very efficient Post Office branch, very well managed and stable, with a Post Office income of almost £59,000 p.a. (approaching £1,150 per week), being a Mains branch, this outlet has a larger service book than the typical Local Post Office, with useful fixed assets with its particular lucrative atm, which will be retained well into the future.

The branch is already serving between 1,300 and 1,500 customers per week, regarded as extremely healthy, and there is still potential to grow with more services which can be ‘unlocked’. There is a particularly strong relationship with Royal Mail, and the mail side can certainly be expanded further. Mains contracts are now rare with less of them being offered, and this particular one has potential for a higher earning threshold and it has maintained a good level of competitiveness.

The retail side of the business has always been steady and is growing, currently running at a turnover of approximately £6,500 per week, being made up of the whole ctn range, but with greeting card sales being particularly strong, supported by soft drinks sales (there is no bar to introducing sales of alcohol, subject to an application), news, magazines, tobacco and many allied stock lines. Lottery sales are understood to be one of the best within the Wrexham conurbation, and this branch can also ‘pay out’ big prizes in addition.

Opening Hours:-
Retail Sales: Monday to Friday - 6.00am to 5.30pm. Saturday - 6.00am to 12.00pm. Sunday – Closed.
Post Office: Monday to Friday - 9.00am to 5.30pm. Saturday - 9.00am to 12.00pm. Sunday – Closed.

For parties who are positively interested and enquire further, further trading accounts and other information will be provided.


Location and premies


Johnstown is a good sized and expanding catchment, being part of the County Borough of Wrexham, and surrounded itself by a number of other sizeable villages/areas of conurbation with its own population being approximately 3,266 (2011 Census), and with a range of facilities including Primary and Secondary Schools and a number of businesses/facilities including convenience stores. The premises are situated in a most convenient position, a short way along Merlin Street, just off the Wrexham Road. This is an area made up of shops, businesses and housing, and with relative ease for parking at and around the premises, which are situated on a corner.

Various improvements have been carried out by the vendors over the last few years, to include the very well fitted retail area, with vinyl flooring, suspended ceiling, a range of gondolas/display and alarm system. The sales area currently includes a good quality Post Office counter with modern in-built security. The accommodation is as follows:-

Current Shop Internal Width 6.90m (Max.)
Current Shop Depth 9.21m

Main Retail Area including Post Office 48.61 m.sq. / 523 sq.ft.

Rear Storage with Office, part of which includes atm on side of the building 15.57 m.sq. / 168 sq.ft.

Total Commercial Area Net Internal Approximately 64.18 m.sq. / 691 sq.ft.

Expansion Potential of Commercial Space

We have calculated that subject to any permissions and regulations allowing, it would physically be possible to expand the trading space to approximately 900 sq.ft., and have additional storage/office space within the current garage, taking up the total commercial area to around 1,000 sq.ft. Involved in this would be the reorganisation of parts of the residential element currently at ground level, and removing and repositioning of a staircase to access the upper floor.

Residential Accommodation

The vendor has attractively refurbished and decorated this accommodation, and this comprises:-

Ground Floor

Kitchen, beautifully fitted with tiled floor, range of stylish cupboards, drawers, work surfaces, with integral Rangemaster 5 ring gas hob, cooker, single drainer sink unit, overhead extractor. Hallway. Staircase to upper floor, side street access and access through to the rear yard and garage.

First Floor Landing with access to:-

Dining Room (3.2m x 2.86, ) Radiator.

Sitting Room (3.88m x 4.35m) Period fireplace in patterned dark marble, radiator.

Bedroom One (3.69m x 4.20m) Radiator, laminate flooring.

Bedroom Two (3.05m x 4/36m) Cast iron Victorian fire place, access to loft with retractable stairs.

Bathroom (3.14m x 1.99m) Stylishly fitted with floor to ceiling ceramic wall tiles, mosaic tiled flooring, modern suite with WC, wash basin, panelled bath, large shower, towel rail/heater, recessed spot lighting.

Outside

Accessed off the side road is a very good sized garage with roller shutter door, roof light panels, in all providing 23.07m/248 sq.ft., together with pleasant and useful yard area connected to the ground floor living accommodation.


Pricing


A price for the freehold interest, Post Office and retail business and fixtures and fittings, a price will be quoted on application. Stock at valuation.


Business rates and council tax


We understand from the Valuation Office Agency web site that the Rateable Value is £4,650. Interested parties should contact the Local Authority – Wrexham Council, to establish the current rates payable, as we believe concessions may apply.

The property is Band ., with currently £ payable.


EPC rating


An EPC has been commissioned and will be available shortly.


Viewing


Please contact the agents: Celt Rowlands & Co. On or

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Celt Rowlands & Co, SY11 on +44 1691 721953 * (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 Celt Rowlands & Co, and do not constitute property particulars. Please contact Celt Rowlands & Co 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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