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Post Office & Newsagents In Torquay For Sale

Torquay, Devon, UK
Asking Price:
£149,995
Sales Revenue:
£146,794
Cash Flow:
Available on request

Immaculate post office & newsagents, also offering some convenience lines, scope off-licence, coupled with spacious family home, benefiting from additional studio room providing rental income. Situated within desirable leafy torquay coastal suburb, 2 minutes' walk seafront, beaches and attractions, offering rare lifestyle and business opportunity.

Very deceptive substantial property, viewing essential to appreciate size and standard of presentation, the subject of considerable investment over the years. Attractive retail area, refitted in recent years at cost in region of £35,000, office/staffroom, staff cloakroom, and store. Huge self-contained accommodation extending over 2 floors above, suit owners or could be let, comprising modern refitted kitchen, dining room, sitting room, 4 double bedrooms, refitted bathroom. Additional studio room from which rental income is received, useful garage, 2 storerooms and roof patio gardens. Rent only just over £1,300 per month for whole, studio room generates £500 per month income, main accommodation alone could command rental income of £1,200 per month.

Popular thriving business, under current ownership last 15 years now offered for sale due to retirement, the subject of considerable improvement over the years. Sales 2021£146,794 ex Vat, Post Office Commission £27,373, Rental Income £6,000, Gross Profit £81,194, favourable overheads ensuring sound profits to owner operators. Trades 5½ days, closing 5.30pm latest, scope additional retail/convenience lines & longer opening hours.

Leasehold £149,995 Ref: S/T35479N

Property Information

Property:

Leasehold

Living Accommodation:

Accommodation Included.

Contact Everett Masson & Furby

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