JD Commercial Property Directory

POST OFFICE AND STORES WITH MEANINGFUL SALARY AND SHOP INCOME

• Post Office Income £30,000 plus shop takings
• Within centre of this favoured North Devon village
• Just two miles from Barnstaple
• Same ownership for the last 22 years
• Three bedroomed family accommodation and garden
• Currently trading 6 days per week, 2 half days
• Situated close to village hall, car park and public
• Ideal husband and wife / family enterprise
• Services : Mains water, gas, drainage and electricity

LOCATION

Landkey is a sought after village, just 2 miles from the regional centre of Barnstaple.  Demand for executive and large family's has been high and several developments have been completed over the last few years.   The village's popularity is due to its good access to the A361 Link Road to Barnstaple but still enjoying the identity of a traditional Devon village.  Planning permission has been granted for a further 250 dwellings within the expanding village.

THE SITUATION

The property is situated on the main road running through the village, close to the village hall, car park and one of the Public s within the village, The Castle.

THE PROPERTY AND CONSTRUCTION

The main building is of two storey construction with rendered elevations under a pitched slate roof, part of the residential accommodation has been extended to the rear to provide further floor area.  The Post Office and Shop adjoins the owners’ house with an intercommunicating door for the owners and a pavement frontage and entrance for patrons.  Our clients have owner occupied the business for the last 22 years having brought up their family within the three bedroomed accommodation, which also has a ground floor lounge / diner, kitchen, study / piano room and office.  To the rear of the property is the family garden.  The shop is approximately 350 sq.ft (33 sq.m) which includes Post Office Counter with 2 computer and service terminals.

THE PROPOSAL

Our clients are inviting offers for the freehold interest.

THE BUSINESS

Having been within the same family for 22 years, the business is owned by a husband and wife partnership, although due to ill health the operation of the business is restricted to one of our clients.  No additional staff are employed and it is thought a husband and wife team would be able to run the business in a similar manner.  Last year the Post Office salary was £30,000 with additional turnover derived from shop sales in the region of £6,000.  New owners could introduce new lines, products and stock to increase the shop sales if desired as currently main lines include stationery, confectionary, cards, wool and patterns.  Operating hours are currently 9 am – 5.30 pm, 4 days per week with a one hour lunch break and two half days, both closing at 1.00 pm.  Additional benefits that are derived from the operation of the Post Office are that telephone calls and line rental are paid by the Post Office, as well as there currently being nil rates on the business premises.

THE STOCK

Any current stock to be purchased at valuation upon completion.

THE INVENTORY

The property is sold with an inventory of trade fixtures, fittings and equipment.

THE ACCOMMODATION (comprises)

GROUND FLOOR

POST OFFICE AND SHOP UNIT
28`7 x 12`0 (8.70 m x 3.65 m) Double fronted shop unit with window display, Post Office Counter with two computer terminals, safe, security system, shop area with assorted racking and displays, ice cream freezer.  To the rear of the Post Office Counter is a sorting room and stock room

OFFICE AREA
Suitable size for a computer work station. Doorway between Post Office and the lounge of the residential accommodation

HALLWAY
Tiled floor, night storage heating

STUDY / PIANO ROOM

KITCHEN
Eye and base units, work surfaces, vinyl floor, gas 4 burner hob, electric oven, extractor fan, stainless steel sink unit, plumbing for washing machine, breakfast bar, Rayburn Royal oven (oven and water heater), door to rear garden

LOUNGE / DINER
19`10 x 14`4 (6.05 m x 4.35 m) Carpet, stone work fireplace with gas fire, carpet

FIRST FLOOR

LANDING with carpet, loft access, night storage heating, stair lift

BEDROOM 1
9`2 x 7`9 (2.80 m x 2.35 m) Carpet

BEDROOM 2
11`9 x 11`7 (3.60 m x 3.55 m) Carpet

BEDROOM 3
11`8 x 10`6 (3.55 m x 3.20 m) Carpet

BATHROOM
3 piece bathroom with electric shower over bath, vinyl floor

OUTSIDE

To the rear of the property is the garden which is predominately laid to lawn with flower bed and vegetable patch borders.

Commercial Funding

Having been in the trade for many years we have established good connections in the finance sector.  Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike.  Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds.  Please call for more information.

IMPORTANT NOTICE
JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
1.  The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract.  Prospective purchasers should seek their own professional advice.
2.  All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3.  No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.
4.  No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.

PROPERTY MISDESCRIPTIONS ACT 1993
1.  All measurements are approximate.
2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
3. We do our utmost to comply with this Act in full.  However we are also trying to represent our clients’ properties in their high possible light, as such we may use summer photographs to promote some properties.

VIEWING
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
TEL: (01237) 424053 / 07868 846357 E-MAIL: sales@jd-commercial.co.uk