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See how verdicts workTerraced house · NE29 7QW
For saleListed 4 days
Opportunity summary
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About
Description This well-presented Mains Post Office features an external cash machine and offers a wide range of complementary products including stationery, greeting cards, gift wrap, confectionery and household essentials.
The interior is bright, spacious and neatly arranged, with dedicated displays for cards, gifts and Post Office services.
This is an excellent opportunity for a first-time operator, whether an individual or a couple.
Full training will be provided, making it an accessible and manageable business for new entrants to the sector.
Location Situated in a prominent shopping parade, the property benefits from strong visibility and a diverse mix of neighbouring businesses, including a convenience store, hot food takeaways, and a petrol station.
The area enjoys high levels of footfall generated by residents from the surrounding local authority and private housing estates, along with steady passing traffic on the busy road to the front, which also offers convenient lay-by parking.
North Shields lies close to Wallsend and Tynemouth, to the east of Newcastle upon Tyne.
Internal Details Modern well fitted Mains Post Office with slat walling for display purposes, two screened Post Office counters and open counter with Horizon system at the retail area.
Shelving for display of essential items and selection of toys, baby clothing, gifts, upright soft drinks chiller, greetings cards, wide selection of stationery and similar products, all with good margins .
External ATM cash machine. Non-slip floor, modern suspended ceiling and CCTV. Staff kitchen facility with sink and staff w.c. To the rear is a garage.
This is the ground floor area only of a two-storey mid-terraced property. There is no accommodation.
Fixtures & Fittings All fixtures and fittings are to be included within the sale however, any items that are owned by a third party or personal to our clients will be exempt.
Owner's Accommodation There is no accommodation with this business - it is a ground floor lock up only The Opportunity This business presents an excellent opportunity for a first-time buyer seeking manageable, more traditional office-style working hours, unlike many other owner operated retail businesses.
There is clear potential for a new owner to refresh the retail offering by adjusting the product mix and introducing additional essentials such as tea, coffee, bread and other everyday convenience items.
There is further scope to expand the retail area by extending into the yard at the rear, subject to the necessary planning consents.
Several neighbouring businesses within the parade have already undertaken similar extensions.
This would allow the purchaser to increase the shop footprint and broaden the range of convenience products and services available.
Staff The store is currently staff-run, with an opportunity for an owner-operator or for the business to continue under the existing owner’s management Trading Information Post office income for year ending 2025 was £52,000 exc VAT, retail sales of £1,000 per week.
Trading Hours Monday to Friday : 9:00am – 5:00pm Saturday: 9.00am - 12.00pm Extended hours are an option for a new operator if they wish to introduce new retail products for sale.
Tenure The freehold is available and the vendor would be interested in leasing the business for £80,000 and an annual rent of £8,000.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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Deal
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Area
Agent & docs
FAQ
About Front Street, Chirton, North Shields, North Tyneside, NE29 7QW
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