Commercial property for sale in London, England, United Kingdom NW6

Ref 7381 – Leasehold Post Office & Stationery Convenience Store
Blacks Brokers are pleased to bring to the market this leasehold Post Office & Convenience Store located in London.

Introduction

Salusbury Road Post Office was established in this bustling and sought after area of London in 1999 with our client in ownership since 1999. The business offers a range of Post Office services in addition to a range of stationery. It 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 online.

Location

Salusbury Road Post Office occupies a main road trading position within a parade of shops and offices in a busy and popular town centre. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Waitrose, M&S Food Hall, Primark and Argos. There are also a number of local amenities nearby including local parks and underground stations. The area is well linked by the M1 with very strong public transport links and parking is available in the surrounding area.

Reason for sale

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

Lease

The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a fifteen year lease which began in 2014.

Building layout and design

Salusbury Road Post Office operates from the ground floor of a spacious mid terraced business property on a busy high street. The business has large branding and signage on display above a fully glazed frontage. Inside, the servery/counter is positioned to the rear of the retail space with storage area and toilet facilities to the rear of this. All areas are fully equipped and presented beautifully.

Staff

The business is currently operated by our client and his wife on a full time basis.

Financial details

Salusbury Road Post Office has traded solidly since opening and our client has established a strong repeat customer base. Accounts Available Year End 31st March 2022, Annual Turnover £178,532, Year End Gross Profit £148,709 (Above Figures Include Post Office Commission £105,384). Full accounts can be made available after viewing.

Business rates

The business has a rateable value of £15,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

Summary

This well known and well established business occupies an enviable trading position in a busy area of London close to Queen’s Park Lodge and Paddington Old Cemetery. 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 ranges and longer opening hours, possibly a delivery service where appropriate. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £144,950.

Please quote ref: 7381