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Listed
31/07/22
Status
For Sale
Tenure
Freehold
New Ollerton Post Office, Forest Road, New Ollerton, Newark, Nottinghamshire NG22 See map

Details

BUSY MAINS POST OFFICE AND RETAIL CARDS AND GIFTS in Newark for Sale. Very busy mains Post Office which has been operated by the same owners in this town since 2005 and was moved to its current purpose-built premises in 2013. Two generations of the same family have run the town Post Office since 1981. Located in a small town near Newark, North Nottinghamshire, close to Sherwood Forest and Centre Parcs. The business draws it customers from a great many new housing developments that have sprung up in recent years. The Business: As well as a phenomenal Post Office salary / commission in excess of £83,000 per annum, the shop also draws in strong retail sales from the sale of cards, gifts and stationery, the business is the only card and gift retailer on the high street. Additional revenue comes in by way of a Travel Desk bringing in commissions in excess of £5,000 per annum, and Instant Photo Printing service and Photo-Copy machine. Other Post Office services and transactions include Foreign Exchange, International Driving Permits, Document Verification Service, Photo Booth, ID’s and Lotto. The only bank on the high street is due to close in October 2022 which has already resulted in increased trade for the business. The business shows adjusted Net Profits of circa £50,000 per annum. The Premises: Modern structure incorporating a parade of ground floor shops of which the Post Office has the most prominent corner unit. The ground floor is surprisingly deep and spacious and stretches to approximately 125 square metres of retail floor space and two Fortress Post Office counters, two open counters, plus a separate, purely retail counter (with Lotto) at the front of the shop. A superb wide aisle layout offering ease of shopping and queuing. To the rear of the building there are steps to a raised upper ground floor area where there is a store-room and staff restroom / WC. The property has the benefit of a CCTV system and an air conditioning system. The property is offered Freehold with vacant possession if required - a valuable appreciating investment. EPC Band D.

Map

Post Offices

ID:

587288

Price

£395,000

Call 0113 238 2900 to request a viewing

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