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Overstrand Stores & Post Office 36 High St 4,739 sq ft Retail Property Cromer NR27 0AB £750,000 (£158.26/sq ft)



INVESTMENT HIGHLIGHTS
- Situated on the main road through Overstrand
- High levels of passing traffic
- Proximity to Overstrand’s popular beaches
EXECUTIVE SUMMARY
This profitable business has been privately owned and operated by our vendors for over 14 years and are looking to sell for retirement reasons. This popular convenience store benefits from low corporate and independent competition. The store is a community Post Office derives its sales from traditional convenience store goods such as tobacco, alcohol, newspapers and magazines, fresh, chilled and frozen foods, grocery products, bread and bakery, confectionery, snacks and soft drinks. Additional services include lottery and scratch cards. The store is primarily accessed via Holt or Norwich Road.
A rare opportunity to acquire this well-established store, which is ideally positioned on the main road through the afluent market town of Overstrand. The business has become heavily relied upon by the local residents and enjoys a seasonal increase in trade across the summer months. In addition to the store and Post Office, this opportunity is also being sold with the 3-bedroom apartment and sperate 2-bedroom self contained at. There is potential to increase trade via the means of longer opening hours, supplying and branding with a recognised supplier, and the offering of promotional stock.
A rare opportunity to acquire this well-established store, which is ideally positioned on the main road through the afluent market town of Overstrand. The business has become heavily relied upon by the local residents and enjoys a seasonal increase in trade across the summer months. In addition to the store and Post Office, this opportunity is also being sold with the 3-bedroom apartment and sperate 2-bedroom self contained at. There is potential to increase trade via the means of longer opening hours, supplying and branding with a recognised supplier, and the offering of promotional stock.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
4,739 sq ft
Costar Property Class
B
Year Built
1991
Price
£750,000
Price per sq ft
£158.26
Tenancy
Single
Number of Floors
2
Frontage
42 ft on High Street
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Overstrand Stores & Post Office | 36 High St
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