Crantock Street Post Office & Stores - Reduced Price

Written by Theresa Tyack Monday, 10 May 2010 13:21

We are now offering to the market Crantock Street Post Office & Stores, situated approximately 150 yards from Central Square, which is the hub of the thriving and expanding top beach resort in Cornwall.

The mid-terraced premises have provided a Post Office and convenience store facility for approximately 25 years and offer 600 sq ft of retail sales area together with a busy three-position Post Office counter area to the rear.

The vendors have instructed a sale because of retirement plans after 10 years of running the business. It is a busy operation as the premises stand in an older part of the resort serving a densely populated area, which is seeing further residential regeneration following the development of former hotel sites into apartment accommodation. The retail sales from the store for the 12 months to March 2010 accumulated to nearly £85,825 producing a net profit of £13,906.

Crantock St PO & Stores is being made available on a new secure 10-year term lease, on an internal repairing and insuring basis, at an initial rental of £8,500 per annum.

Offers are invited for the leasehold business off a reduced guide price of £39.950 plus stock at valuation.

Graham Timmins of our Business Transfer Department reports, "This business serves the western end of the resort and following the closure of the Pentire Post Office has seen a considerable uplift in activity. With outline Planning Consent passed for more residential units to be constructed over looking the Gannel area of Newquay, it should continue to do well in the future".

For full details contact Graham Timmons on 01872 247019      View Property Details

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