Freehold Post Office, Convenience Store, Off Licence & Newsagents Located In Handsworth Wood

Freehold Post Office, Convenience Store, Off Licence & Newsagents Located In Handsworth Wood
Two Bedroom Flat Above
Retail (1,100 Sq ft) Approx
Leasehold Option Available
Ref 3043

Asking Price £449,950 plus SAV (£50,000)

Location
Veritas Business Sales are delighted to offer to the market this Freehold Post Office, Off licence & Convenience Store which is located in a parade of shops in the desirable and affluent area of Handsworth Wood area in Birmingham. The business has free on street parking and is situated in a densely populated residential area which offers a host of local amenities, including primary and secondary schools, places of worship, older peoples residential homes, a mix of local shops and supermarkets. It is a few minutes walk from Perry Hall park and Hamstead park. There are good motorway links as it is near M5 and M6 junctions, as well as great public transport links as it is a few yards from the no. 54 bus stop which runs from Perry Barr to Hamstead village, Handsworth and the Hamstead Hall estate. The No. 16 bus service and Hamstead Train station which travel to Birmingham City Centre are a 5-10 minute walk away.

Business Description
Veritas Business Sales offer to the market this well established Freehold Post Office, Off Licence & Convenience Store in Handsworth Wood, Birmingham. The property benefits from a self-contained flat with 3 bedrooms, kitchen/diner and bathroom on the first floor. The business has been established for many years and run by the current owners for 27 years and they are now looking to enjoy a well deserved RETIREMENT.
The business premises have been extended and much improved by the current owners by the addition of an off licence and a well maintained modern interior. The rear of the property has a tarmacked forecourt and a good size hard-standing rear garden and patio area with a rear access road, therefore providing potential for further expansion to increase turnover. Coopers Road Post Office is owner operated and comes with no staffing liabilities for year ending 31st March 2024 and posted an annual turnover of £256,647. They retail newspapers, magazines, greeting cards, stationery, groceries, frozen foods, pet foods, household goods, dairy products, confectionary, cold drinks, alcohol and beers and a photocopy service. In addition to the shop sales, the post office produces an annually increasing remuneration of £27,000-£30,000 per annum. The accommodation above can either be utilised as living accommodation for potential purchasers or rented out to generate a further income.
We believe there is potential to increase turnover by extending the current floor space into the rear, increase the current opening times, especially on Sundays and the addition of fresh green grocery products. The current business owners have built a strong reputation within the local community and as such have a high level of regular and repeat trade. This is a superb opportunity to purchase a turnkey successful business but with further opportunity for expansion. We highly recommend an early viewing for this excellent business.

Post Office Services
Everyday Personal & Business Banking
Cash Withdrawals
Cash Deposits
Cheque Deposits

Mails
Drop & Go
Parcelforce Express Service
DHL Collections
Evri Buy In Branch
Evri Drop Off & Collections

Pay Bills & Top Up

Travel
Foreign Currency
Travel Money Card

Your Finances
MoneyGram
Western Union

Opening Times
Monday – Saturday – 07:00 – 19:00
Sunday – 07:00 – 13:00

Leasehold Option
Leasehold Asking Price £99,950 plus SAV £50,000
New lease to be granted
Term: negotiable
Rent: £15,000 pa
Rates: zero

Ground Floor
Retail comprising: Post office counter, sales counter with EPOS till (Sam4’s), National Lottery terminal, tobacco kiosk, ice cream freezer, 4 door upright drinks chiller/dairy fridge, magazine display shelves, greeting card display shelves, 2 x central display isles, bean to cup coffee machine (Piazza della signoria Firenze) , photo copier (Ricoh MP C2003), wine & spirits display shelves, large multi deck beer fridge, cold drinks display area, large multi deck pop fridge, 2 x chest freezers and an upright chest freezer.
Understairs storage cupboard.
Storeroom with storage unit, CCTV monitor (13 camera system), 4 x wall mounted shelves, slush puppie machine, and secure cupboard with 2 x post office safes.
W/C with wash basin.
The premises benefits from 2 x air conditioning units/hot air blowers, electric roller shutter to the frontage and a redcare intruder alarm.

External
Rear yard with parking for (2). Steps leading to entrance door to the flat.

Flat
Ground Floor
Hallway with stairs leading to the first floor.
First Floor
Kitchen/diner with wall & base units, worktop, 4 ring gas cooker, fridge freezer (Beko) and boiler (Vokera), Bathroom with W/C, shower cubicle and wash basin. 2 x Double bedrooms.
Lounge currently used as a single bedroom.

The flat is rented on out for £700 PCM and benefits from gas fired central heating and UPVC double glazing.