Substantial freehold property in St Ives available
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Written by Graham Timmins
Friday, 04 April 2008
 Miller Commercial of Truro are marketing Stennack Post Office & Store, which is located at Fern Glen, St Ives, on the elevated western side of the popular harbour tourist resort. The well known local business is available off a freehold guide price of £395,000 SAV.

Stennack Post Office originally started life as 2 traditional, granite cottages and over the years has evolved into attractive business premises providing 600sq.ft. of retail accommodation. Within the premises are 2 distinct retail areas, together with a single P.O. counter position. On the first floor is extensive 4 bedroomed owners’ accommodation offering distant coastal views, and to the rear is a large garden with vehicular access. At the front of the premises, the business benefits from lay-by parking for 3 vehicles.

The Post Office & Stores is well supported by the local residential community and trades for 5.5 days per week. Recent trading accounts show retail sales of £85,000 per annum with a G.P. of 22%, and the current post office salary is in the region of £27,000.

Graham Timmins of Miller Commercial’s Business Transfer Dept comments, ‘This is an ideal little business for a husband and wife to work in partnership, who could enhance turnover by the additional retail of alcohol products and newspapers. Alternatively, the substantial foot-print of the premises lends itself open to the possibility of development, subject of course to the statutory planning consents’.

FOR FULL DETAILS CONTACT GRAHAM TIMMINS AT MILLER COMMERCIAL TRURO ON 01872 247019.