Business for Sale in Leicester, Leicestershire Leasehold Lockup Main Post Office, Leicester

Key Information

Reference

S35025G

Tenure

Leasehold

Status

Under Offer

Region

Leicestershire

Sector

Post Offices

Weekly Sales

£1,350.00 Inc. VAT

P.O. Salary

£88,360.00

Rent Payable

£14,000 PA (c. 10 years remaining)

Business Rates

NIL - (SBRR)

Accommodation

No

Business Information

EMF presents an opportunity to own a thriving, established business in the heart of Leicester. This leasehold lock-up Main Post Office and retail offering features a total floor space of 1,350 sq. ft. on a bustling parade of shops. With a rent of £14,000 per annum, this is a chance to invest in a profitable venture. The NET Post Office remuneration for the period from July 2023 to June 2024 was £88,359.72, with gross retail sales of £1,350 per week (as per the VAT returns made up to 31st March 2024).

The current vendor is looking to sell due to health issues, offering a new owner the potential to take this business to the next level. The Lloyds bank opposite the Post Office has closed as of November 2023, likely increasing banking services for the Post Office and boosting commissions accordingly.

The premises include:

• 520 sq. ft. of current retail space
• Opportunity to extend the retail space by reconfiguring
• Rent of £1,167 PCM
• 8 years remaining on a 15-year lease
• 2 Position Fortress Counter + 1 admin counter

Offers around £118,000 + Stock at valuation | Ref: S35025G

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