Chartered Surveyors and Business Property Specialists
Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

Sold
1 of 4

SOLD - Praa Sands PO And Stores, Pengersick Lane, Praa Sands, Cornwall

Retail for sale

£139,000

Freehold

A coastal PO and Stores of c. 824 square feet. Fully equipped and ready to trade. For sale for the first time in 19 years.

  • COASTAL PO / STORE (824 SQ FT)
  • WELL PRESENTED AND EQUIPPPED
  • 1 COUNTER POST OFFICE
  • IDEAL LIFESTYLE BUSINESS
  • POTENTIAL FOR OTHER USE
  • RETIREMENT SALE
  • EPC: C54

Property Brochure PDF Location Map

Location

Praa Sands is a vibrant coastal community situated between Helston and Penzance on the South Coast of Cornwall. Praa Sands has a long sandy beach and several car parks, making it very popular with families and visiting guests. There are several cafe / restaurants near the beach and an adjacent campsite. The Post Office and Stores is the only grocery retail outlet within Praa Sands

The Business

We understand a business has traded on this site since the 1950’s and has been in our clients tenure for the past 19 years who are now selling due to retirement. The business trades all year with opening Hours of 7:30am to 18:00pm Monday to Friday and 08:00am to 18:00pm on Saturday and 09:00am to 11:00am on Sunday. The PO hours are 09:00am to 17:30pm Monday to Friday and 09:00am to 12:30 on Saturday. The business is run by our clients with up to 4 part time members of staff. We are advised the PO has Community Status.

We are advised the turnover from the shop sales is in the region of c. £125,000 (net of VAT) per annum and with the PO Salary of c. £15,000 pa, which overall produces an adjusted net profit to our clients of c. £30,000 per annum.

The Properties

A Retail shop and Post Office connected to the main residence by a Store / Utility at the rear (17.5 sqm or 190 sqm). The single storey retail premises comprise two areas, (totalling c. 76.6 sqm or 824 sqft).

The Accommodation Comprises

All areas and dimensions are approximate.

Retail Shop Areas

10.41m x 4.45m : Comprehensive range of free standing price edged shelving, suspended ceiling with built in air-conditioning unit. Multideck refrigeration / chiller unit. Retail counter with Lottery. Space for sale of general dry and tinned goods, frozen products, fruit and vegetables and alcohol etc.

7.97m x 3.80m : Door and window to front elevation. Price edged shelving, several drinks and chiller cabinets. One position ‘fortress’ PO counter, with own air conditioning unit. Space for sale of cards and stationery etc

Store 1

3.88m x 2.43m : Window to side. Racking.

Store 2 / Utility

4.06m x 1.98m : An area that doubles as a second store and also a utility area for the residence. Door to side. Racking.

Separation From House

NB : The business premises are currently connected to the house, in order to facilitate the sale of the retail premises alone (and as reflected in the asking price), the buyer will be responsible for the following:-

Legal Title separation ; Discharge Agreement into Septic tank (proportion of emptying cost to be agreed between two respective parties) ; Installation of own WC ; Separation of Electric and Water Supply (from mains) ; Blocking up with suitable materials between Store 2 / Utility and the House (at kitchen). Any works requiring Building Regulations to be sought by the buyer and agreed by a jointly appointed RICS Surveyor.

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 Certificate is C54

Premises Licence

We understand the business holds a Premises Licence for the sale of alcoholic products off the premises.

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.

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 on Completion.

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 numbers below.

Contact Information

For further information or an appointment to view please contact:-

Graham Timmins on 01872 247019 or via email gt@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.

Interested in this Property?
Connect with our Expert

Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

Property Brochure PDF