Offers Over

£10,000 (Leasehold)

PORTREE POST OFFICE 4 WENTWORTH STREET, PORTREE, ISLE OF SKYE, IV51 9EJ

Attractive Post Office serving the communities

of Portree and surrounding settlements of

Portree set amongst stunning coastal and

rugged countryside scenery on the Isle of

Skye

A profitable lifestyle business within a

prominent and highly desirable trading

location generating a brisk trade from the

sale of post office transactions and gift item

sales

Fully transformed Mains Post Office offering a sustainable and unique service to Skye tourists and the local community

A modern ground floor unit extending to a

net internal area of circa 35.7m2 providing

customer area, counter area and storage

facilities

Three years to run on the lease with an option to extend for either 5 or 10 years

DESCRIPTION Portree Post Office is centrally located within the ever-popular town of Portree, the capital of Skye. This ground floor property is situated in a most attractive and prominent trading location. With modern signage and on a busy thoroughfare, the business has a solid year- round trade with a peak trading period in the spring and summer seasons benefiting from the influx of tourists to the area. The post office benefits from a very high level of footfall and has increasing sales from gift items.

The property extends to around 35.7m2 and is the only post office within the locality providing a service to the broader community and visitors. Sale items include a full range of post office services plus greeting cards, gift lines, stationery items and maps etc. The present trading configuration makes it an easy-to-operate business but provides an element of scope to expand the range of goods and services further should new owners wish to do so. Internally, all aspects are easily accessible with all sales areas being intelligently laid out utilising a modern range of shelving units and display stands. The sales counter is situated opposite the main entrance affording excellent control of the post office.

The current trading model generates a turnover of c£95,000 (Dec 2016) generating an adjusted net income of around £26,600. The business is being offered as an assignation of an existing lease.

REASON FOR SALE The present operators purchased the lease in January 2016 and it is their desire to retire and relocate that brings this attractive business to the market.

TRADING HOURS The shop is a year-round operation and opens from 09:00 to 17:30 daily but is closed all day Sunday. There is scope to extend the trading hours to include late opening and to open on Sundays; this would be particularly advantageous in the busy main season.

LOCATION The town of Portree is the largest settlement on the Isle of Skye with a population of about 4,100. A popular place of residence, Portree also has a quintessential appeal for tourists and is an established holiday destination. Its active port set around a natural harbour framed by high cliffs and is a centre of activity used by fishing boats, cruise ships as well as pleasure craft. Portree benefits from excellent leisure facilities including a swimming pool, pony- trekking and boat cruises plus plenty of shopping opportunities in addition to the great variety of cafes and restaurants. There is primary and secondary schooling within a short walk of the town centre. Portree is the cultural hub for Skye with the award-winning Aros Centre. The town is an ideal and popular base for exploring the rest of the Island. The surrounding area boasts a wide range of activities that can be undertaken such as golf, mountaineering, cycling, nature walks, trout and fly fishing to name but a few. In

addition to tourism, the Island is highly popular with naturalists and ornithologists who find birds of prey, waders and a host of seabirds in the locale. Skye’s rugged Cuillin Mountains are known to walkers and climbers the world over and visitors are drawn to the spectacular Trotternish Ridge to the north as this wild area is dominated by astonishing rock formations such as the Old Man of Storr, Kilt Rock and the truly extraordinary pinnacles of the Quaraing.

THE PROPERTY The original property dates from the mid-1800s and is the ground floor only of a two-storey building of stone construction under a tile pitched roof.

TRADING AREAS From a prominent roadside location the premises has a modern and well-signed frontage. There is ample parking within the town centre and within walking distance of the shop. The property is accessed from street level into the retail area which utilises a good range of flexible fixtures and fittings including free-standing displays. The main sales counter is situated to the rear of the shop with storage behind this area. There is a staff facility located to the rear and right of the counter.

OWNERS ACCOMMODATION There is no owner’s accommodation with this property but housing is available locally.

SERVICES The property benefits from mains electricity, water supply and drainage. Heating is provided by electric heaters. The store is fully covered by an internal alarm system managed by Post Office Limited.

LEASE The lease has 3 years to run with an option to extend for either 5 or 10 years subject to 6-months’ notice. However, the landlord has indicated that he may be content to extend the lease further. Full details of the lease will be made available post viewing.

EPC RATING The Energy Rating of the property is E78; a copy of the EPC is available upon request from the selling agents.

RATES The business benefits from 100% Small Business rates relief in 2016, 2017 and 2018.

TRADE Full trading figures will be made available to seriously interested parties post viewing.

PRICE Offers Over £10,000 are invited for the assignation of the leasehold and trade contents (according to inventory). Stock to be purchased by independent valuation.

FINANCE & LEGAL SERVICES ASG Commercial Ltd is in touch with several lenders who provide specialist finance to the commercial sector. Paul Hart (Director Commercial Sales) will be delighted to discuss your financing requirements with you and make an appropriate introduction. We have access to a large team of legal experts who can act in all legal matters arising to include conveyancing and business transfers.

DIRECTIONS See location map.

VIEWING All appointments to view must be made through the vendors selling agents:

ASG Commercial Ltd

17 Kenneth Street

Inverness

IV3 5NR

Tel: 01463 714757

Mob: 07799 896931 (Paul Hart)

Mob: 07557 785879 (Jackie MacGregor)

E: info@asgcommercial.co.uk

Web: www.asgcommercial.co.uk

OFFERS All offers should be submitted in writing to ASG Commercial Ltd with whom purchasers should register their interest if they wish to be advised of a closing date.

Contains Ordnance Survey data © Crown copyright and database 2017

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17 Kenneth Street Inverness IV3 5NR

Telephone 01463 714757

www.bedandbreakfastsales.co.uk