Retail property (high street) to rent
Property description & features
- PROPOSED NEW EFFECTIVE LEASE (TERMS TO BE NEGOTIATED) AND BUSINESS FOR SALE (PLUS STOCK AT VALUATION ON COMPLETION)
- SUBJECT TO A PREMIUM IN THE REGION OF £30,000 FOR GOODWILL
- NET INTERNAL AREA: 37.57 SQ.M (404.40 SQ. FT.)
- ESTABLISHED TURNOVER OF CIRCA £300,000 WITH POST OFFICE SALARY
- OPPORTUNITY FOR FURTHER GROWTH IN SALES
- PROMINENT POSITION WITHIN AN ESTABLISHED RESIDENTIAL CATCHMENT
The ground floor retail unit, which can be accessed off an open courtyard entrance from the main walkway to the front, is fully fitted and equipped to comprise the main sales area with two rows of various freestanding modular shelving units over the shop floor, with additional fixed wall shelving and various refrigeration units along the internal elevations. The main sales area is also supported by a retail counter, located further to the rear.
Ancillary accommodation is also available to the rear of the main sales area, comprising a small staff kitchen and w.c. facilities. We further advise that access to the self-contained residential accommodation (which does not form part of the demise) is also through the staff kitchen area. However, we do note that the business fixtures and fittings, including main trade area will be self-contained and not accessible to the occupier of the apartment above.
The business currently trades between 7.30am to 5.30pm (Monday to Saturday) and between 7.30pm and 1pm on Sunday. The Post Office currently operates on Monday, Tuesday, Thursday and Friday between 10am and 1pm and 2pm and 5pm on Wednesday and Saturday between 10am and 12pm (Sunday is closed). We therefore advise that the business also offers potential for further growth if these opening hours were ever extended.
Please be advised that the subject premises is offered for sale to include the business fixtures and goodwill, which boasts an established turnover of approximately £300,000 per annum and a post office salary of approximately £16,900 per annum. Further details will be disclosed to bona fide enquiries on request.
Description - The subject premises comprises a well-established family run post office and village stores situated within the sought after residential village Murton.
The ground floor retail unit, which can be accessed off an open courtyard entrance from the main walkway to the front, is fully fitted and equipped to comprise the main sales area with two rows of various freestanding modular shelving units over the shop floor, with additional fixed wall shelving and various refrigeration units along the internal elevations. The main sales area is also supported by a retail counter, located further to the rear.
Ancillary accommodation is also available to the rear of the main sales area, comprising a small staff kitchen and w.c. facilities. We further advise that access to the self-contained residential accommodation (which does not form part of the demise) is also through the staff kitchen area. However, we do note that the business fixtures and fittings, including main trade area will be self-contained and not accessible to the occupier of the apartment above.
The business currently trades between 7.30am to 5.30pm (Monday to Saturday) and between 7.30pm and 1pm on Sunday. The Post Office currently operates on Monday, Tuesday, Thursday and Friday between 10am and 1pm and 2pm and 5pm on Wednesday and Saturday between 10am and 12pm (Sunday is closed). We therefore advise that the business also offers potential for further growth if these opening hours were ever extended.
Please be advised that the subject premises is offered for sale to include the business fixtures and goodwill, which boasts an established turnover of approximately £300,000 per annum and a post office salary of approximately £16,900 per annum. Further details will be disclosed to bona fide enquiries on request.
Location - The subject premises is located fronting Manselfield Road, which is a popular residential area within the village of Murton.
Murton is located within the Gower Peninsula, approximately 2.8 miles west of the popular seaside village of Mumbles and furthermore, within 6 miles of Swansea City Centre. There is also easy access to the popular Gower beaches and villages.
This is considered to be a relatively sought after location, with an immediate catchment population of approximately 3,400 (Source: Office for National Statistics mid-year 2022).
We advise that the immediate vicinity accommodates residential housing, within an established catchment area to provide a longstanding trade.
It is therefore in our opinion that the subject premises is ideally located for its intended use.
Accommodation - The subject premises affords the following approximate dimensions and areas:
GROUND FLOOR
Net Internal Area: 37.57 sq.m (404.40 sq. ft.)
Sales Area: 30.54 sq.m (328.73 sq. ft.)
Shop Depth: 6.56m (21'6")
Internal Width: 4.67m (15'2")
Ancillary: 7.03 sq.m (75.67 sq. ft.)
which briefly comprises the following.
Staff Kitchen: 1.85m x 2.55m
with shared access to residential accommodation above, door to courtyard to front, door to.
W.C. Facilities
External Stores: 0.96m x 2.42m
Accessed externally over the side elevation.
Rates - As stated on the VOA website the Rateable Value for the subject premises is as follows:
Rateable Value (2023): £2,000
From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (CPI) and for the financial year 2024/25 the multiplier will be 0.562.
Rates relief for small businesses in Wales will apply up to 31st March 2020. Rates relief for small business with a rateable value up to £6000 will receive 100% relief and those with a rateable value between £6,001 and £12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.
We therefore advise that the subject premises is eligible for 100% rates relief, subject to the necessary criteria.
We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .
Vat - All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (where applicable).
Terms And Tenure - Our client's interest is available to let on a new effective full repairing and insuring occupational lease (under terms to be negotiated) at a proposed quoting rent in the region of £8,750 per annum (exclusive), which is also subject to the proposed premium quoted within our particulars. The stock is excluded and will be valued prior to completion.
The proposed letting will be subject to the use of the existing business fixtures and fittings.
Viewing - By appointment with Sole Agents:
Astleys Chartered Surveyors
[use Contact Agent Button]
[use Contact Agent Button]
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 33141512. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Astleys Commercial - Swansea.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.