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Beverly Northey Commercial Surveyor View Profile

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Call: 01872 247031
Email: bn@miller-commercial.co.uk

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SOLD - Ladock Post Office And Store, Ladock, Cornwall

Post Office for sale

£32,950

Leasehold

A leasehold Post Office and Store in a Popular Village approximately 6 miles from Cathedral City of Truro.
The business would be ideally suited to a husband and wife team looking for a 'lifestyle' opportunity, as it trades only until 2pm Monday to Friday and until midday on Saturday.

  • ESTABLISHED COMMUNITY PO & STORE
  • POPULAR VILLAGE LOCATION
  • IDEAL FIRST VENTURE OR SEMI RETIREMENT BUSINESS
  • SALES IN EXCESS OF £70,000PA
  • EPC RATING: EXEMPT

Property Brochure PDF Location Map

Location

The business is located in the popular village of Ladock which lies approximately 6 miles north east of the Cathedral City of Truro; the main administrative and commercial centre in Cornwall.

The Post Office and Store enjoys a prominent trading position on the B3275 which is the main road through the village, affording it a good level of passing trade.

The Business

The Post Office and store occupies a temporary structure extending to approximately 220sqft, which was originally sited in 2003. The shop comprises a ‘Fortress’ Post Office counter, serving counter with staff WC to the rear and a well equipped retail sales area. To the side of the property is a decked area with picnic benches.

Acquired by our client 5 years ago, the business now offers a range of Post Office services, convenience goods, confectionary and hot and cold drinks and snacks, together with a range of locally produced crafts and gifts.

The Post Office has ‘Community Status’ and, as such, has the benefit of a Post office salary and is operated by our client with a minimal requirement for staff, (predominantly holiday cover). The shop trades from 7.30am – 2pm Monday to Friday and from 8.30am to midday on Saturdays. During their tenure they have built a strong local following but consider there is potential to further develop the take-away food offering to passing trade, which has been noticeably increasing in recent months.

Trading accounts for the year ending 31st December 2017, show sales of £70,579, with an adjusted net profit of £20,306, (to include the Post Office Salary of £8,800 per annum).

The Accommodation Comprises

(all areas and dimensions are approximate)

Retail Sales Area

A well equipped shop with a ‘Fortress Position’ Post Office Counter, range of display shelving, double glass fronted upright chiller, tabletop hot cupboard, coffee machine and serving counter with staff WC to the rear.

Outside

To the front of the property is patio are with storage bunkers for coal, logs, kindling and stock.

At the side of the main shop is a decked and fenced area with picnic benches and built in bench seating for up to 20 customers.

Tenure

The premises is offered by way of the assignment of the existing lease which commenced December 2003 for a term of 21 years at a passing rental of ‘One Peppercorn’.

General Information

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

Energy Performance Certificate

Exempt.

Inventory

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

Business Rates

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search.

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.

Value Added Tax

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

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information

For further information or an appointment to view please contact either:-
Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk or
Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk or
Beverley Northey on 01872 247031 or via email bn@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

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] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] 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.

VIEWING: Strictly by prior appointment through Miller Commercial.

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Beverly Northey Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247031
Email: bn@miller-commercial.co.uk

Property Brochure PDF

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