High Footfall Mains Post Office in Edinburgh City Centre for Sale
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
06/03/24
- Advert ID
607840
- Reference
1642 / Rightbiz
- Call Agent:
- Leasehold: £80,000
- Rent: £25,000
- Turnover: On request
- Net Profit: On request
Business Details
Mains Post Office situated in Edinburgh City Centre (ref 1642)
Mains Post Office. Modern premises in Edinburgh city centre. Post Office remuneration c.£85,000 per annum. Scope to develop retail offering. Quality fixtures and fittings throughout. 5.5 day trading. Annual Rent - £25,000.
LEASEHOLD Guide Price - £80,000.
This Post Office is located on Thistle Street in the heart of Edinburgh City Centre. Thistle Street runs parallel with, just to the north of Princes Street and George Street and the business sits in the block between Hanover and Frederick Street. This part of the City Centre is known as the ‘golden rectangle’ which represents a central location in Edinburgh’s New Town between St. Andrew Square and Charlotte Square incorporating all the streets and locations within.
All the main Edinburgh attractions are within a short stroll including The Castle, Royal Mile, Holyrood Palace and the new St James Quarter which offers a wealth of shopping and eating opportunities.
The Post Office here was recently relocated from nearby Frederick Street to these modern premises.
Trading as a Mains Office, there is a full range of Post Office services available including biometric residence permits (BRP). The business enjoys a substantial level of repeat custom from local businesses and residents as well as the heavy footfall that this part of the city centre enjoys. There is a limited range of mailing/stationery products on sale, there is definite scope to develop the retail offering.
The subjects are held on the basis of a FRI lease and the annual rental is £25,000. The lease runs to 2043 with 5 yearly reviews.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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