The subjects under report comprise a semi-detached stone built property surmounted by a pitched and slated roof with dormer
projections. The original building has been extended to the back by means of a 2 storey building surmounted by a flat roof and to the side by a single storey extension with a pitched and slated roof also. The upper floor is given over to the residential flatted
accommodation, which can be entered from a separate door through a side passageway. No access to the flatted accommodation is provided through the retail accommodation. There is a small garden area to the rear of the property overlooking
the river and a substantial sized wooden shed adjacent to the property, which provides storage accommodation. The Post Office is currently laid out and arranged to provide a front retail sales area, a Post Office counter and kitchen facilities which include stainless steel sink, stainless steel fridge and a small office area. Off the kitchen area is a large dry goods store and a staff toilet
compartment.In terms of the residential flatted accommodation, the subjects are laid out and arranged to provide 2 bedrooms, bathroom, kitchen and living room.
Location
The subjects are situated within the small village of Connel near Oban in the Scottish Highlands. The subjects are located a short
distance off the A85 where there are limited local facilities available on the adjacent shore. The village is situated to the East of Connel Bridge in the Argyll and Bute district of Scotland approximately 5 or so miles from Oban, the commercial centre of the area where commercial and shopping facilities are provided.
Accommodation
We would summarise the accommodation as undernoted:-
Ground Floor
Post office and retail store, kitchen, dry goods store and WC
Owners accommodation
2 double bedrooms, living room, kitchen and bathroom.
Exterior
Shed store and small garden
Terms
THE BUSINESS
The subjects operate and trade as a Post Office and licensed store and include a number of bakery items, sandwiches and meats as well as general convenience items. The Post Office opens between the hours of 9am to XXXm Monday to Friday with one hour for lunch and a half day on a Wednesday and a Saturday, the remainder of the store being open Monday to Saturday 6am to XXXm.
The local trade is mainly from passing traffic and local residents and the introduction of hot food and sandwiches has proven to be very popular in the recent past. The Post Office salary is reported at round £14,000 over the past 3 years as will be seen from the documentation, which has been provided by the client. The Post Office salary for the year ended 28th February 2010 was £14,214.
The Post Office offers banking services, including card swiping machines. Financial documentation will be provided to interested parties after viewing. Sales for the year ended 28 February 2010 were £324,802, net of VAT, similar to that achieved in previous years.
TRADE INVENTORY
The asking price includes the trade inventory which, we are advised, is owned outright and is not subject to any lease purchase, hire contract or similar finance arrangement.
PRICE
Offers around £250,000 are sought for the property, goodwill, fixtures and fittings, with stock available over and above at valuation.
Specification
• POST OFFICE SALARY CIRCA £14,000 PER ANNUM
• EXCELLENT LIFESTYLE OPPORTUNITY
• SPACIOUS 2 BEDROOM OWNERS ACCOMMODATION
• STEADY TURNOVER WITH POTENTIAL TO DEVELOP BUSINESS