Chartered Surveyors and Business Property Specialists
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Crantock Post Office Store, Crantock, Newquay, Cornwall

Convenience Store for sale

SOLD

£550,000

A rare opportunity to buy a profitable village store in a beautiful coastal location on the North Cornish coast. Crantock Post Office and Stores comprises circa 1000sq ft of well-appointed retail space and a well appointed 3 bedroom flat above.

The unopposed business has strong and consistent trade.

  • BEAUTIFUL UNOPPOSED VILLAGE POST OFFICE AND STORES
  • CIRCA 1,000 SQ FT OF WELL FITTED SALES AREA
  • LARGE 3 BEDROOM OWNERS ACCOMMODATION
  • STRONG CONSISTENT TRADE AND PROFITS
  • GENUINE SALE, VIEWING ADVISED
  • ENERGY ASSET RATING (C)

Property Brochure PDF Location Map

Location

Located on the North Cornish coast, the picturesque village of Crantock features an historic centre with church, public houses, tea gardens and the Post Office & Stores. Set in rolling countryside with its own mile long beach, the village is extremely sought after and yet is only a short distance from the cathedral city of Truro.

The Property/business

Our client has operated this business since 2003, although we are given to understand that a Post Office and Stores has traded from the site for at least 60 years. Our client is now selling due to other business commitments. The business operates as a general convenience store with a community status single counter Post Office selling the expected range of groceries, newspapers, confectionary, tobacco, alcohol, fruit and veg, cards and stationery. In the summer months the business changes its focus to supply the needs of the substantial number of visitors holidaying in the area.

During the season a busy bake off area produces a wide range of bread, pasties, croissants etc whilst the forecourt area provides display space for beach goods, postcards etc. The business trades from 8.00am to 9.00pm seven days a week in the season, reducing to 8.00am to 7.00pm Mon – Sat and 9.00am to 1.00pm on Sunday during the winter.

We are advised the trading Profit and Loss Account for the year end 2012 showed net sales of £474,642 (slightly up on the previous year), which produced a gross profit of 28.4% and an adjusted net profit of circa £73,600 (after all normal overheads have been deducted along with wages of circa £40,000 per annum). Further accounting information will be made available to prospective purchasers following a viewing appointment in the normal manner.

The Accommodation Comprises

(all area and dimensions are approximate)

Retail Sales Area

10.73m x 5.86m, plus 6.08m x 5.13m (to front of recess housing fridges). An attractive L shape retail area with ceramic floor, exposed ceiling beams, several windows to the front elevation, which we understand was comprehensively refitted in 2007 including all new refrigeration. 1 counter Post Office. Defined bakery section with commercial warming ovens, base units, stainless steel drainer unit and door to rear storage.

To the rear of the retail area various storage areas as follows:-

4.86m x 2.52m, further storage area 6.62m x 5.22m (incorporating office) and 5.79m x 2.71m (incorporating staff WC).

Owners Accommodation

Side access leading to a wide patio, which gives access into the front of the property.

Conservatory

3.81m x 3.43m, windows to 3 sides, slate floor, patio doors into:-

Lounge

6.92m x 4.31m, window to side elevation. Several inner hallway areas with storage, linen cupboard and shower. Leading off to the bedrooms;

Bedroom 1

3.84m x 2.90m, window to front elevation, built-in wardrobe, radiator.

Bedroom 2

4.67m x 3.06m, window to front elevation, radiator.

Bedroom 3

3.93m x 3.55m, window to front elevation, radiator.

Bathroom

2.63m x 1.69m, window to side elevation. Bath with shower attachment, low level WC and pedestal wash hand basin.

Separate Shower Room

Kitchen

5.42m x 3.98m, two windows to side and rear elevations, two Velux windows in the vaulted ceiling. Complementary range of base and wall units, built-in ceramic sink. 6 ring Range Master electric hob with matching extractor hood, with double oven below. Attractive room with ample space for preparation of food and for a large dining table and chairs.

Outside

Wide patio with country views to rear, storage area and wooden shed. To the front of the property is space for displaying goods.

Tenure

Freehold

General Information

LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate

The Energy Performance Rating for this property is within Band C.

Inventory

An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Premises Licence

We understand the business currently holds a premises licence in respect of the sale of liquor off the premises.

Business Rates

We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Stock

To be taken at valuation

Superfast Broadband

For more information on whether the premises are capable of benefitting from the new high speed fibre-based broadband connection visit http://www.superfastcornwall.org/.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.