Description
The subject premises comprises a well-established family run post office and village stores, including a first floor one bedroom flat, 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.
The subject premises also benefits from a fully furnished first floor flat. We further advise that the first floor flat is currently occupied and held on an Occupational Contract at an initial term of 12 months from 30th September 2023, producing a current rent passing of £775 per calendar month (£9,300 per annum).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 Comprises
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.
FIRST FLOOR
Gross Internal Area: 45.94 sq.m (494.49 sq. ft.)
The subject premises briefly comprises one bedroom and open plan lounge/ kitchen area and a separate shower room.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.
The residential accommodation is rated separately, which currently has a Council Tax Band Rating of C.
We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit www.voa.gov.uk.VAT
All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (where applicable).
Terms and Tenure
Please be advised that our client's Freehold interest is available for sale as a going concern, to include the business fixtures and fittings.
The stock is excluded and will be valued prior to completion.Viewing
By appointment with Sole Agents:
Astleys Chartered Surveyors
Tel: 01792 479 850
Email: commercial@astleys.net
Manselfield Road, Murton, Swansea
Offers In The Region Of £245,000
Size available
Property size 899 sqft
Property 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.