House For Sale £450,000
High Town, Hay-On-Wye, Hereford, Powys HR3

An exciting business opportunity comprising a Listed freehold four storey building containing the town Post Office and sorting office, together with three bedroomed accommodation above.

Ground Floor

Main Post Office Area (4.8m x 4.7m)

With outer and inner doors, the latter being automatic bi-fold doors for disabled access, cash machine, extensive display area, staircase to floor below, lockable understairs store.

Serving Area (2.6m x 2.4m)

With glass screen with three serving windows, two external windows to rear, steps to:

Rear Store Room (6.4m x 4.4m)

(including recess) with two recess cupboards, two windows to side, external door. Off this is the:

Kitchen (2.6m x 1.8m)

With kitchen area, various cupboard space, etc.

Lower Ground Floor

Main Sorting Office (8.4m x 4.35m)

With extensive sorting facilities, door to:

Side Porch Area (3.1m x 1.35m)

Telephonists Room (4.05m x 1.65m)

With staircase to first floor, steps up to:

Rear Kitchen Area

With two WC's off and hand wash facilities.

Rear Sorting Room (4.23m x 3.8m)

With window to side and lockable store cupboard off.



Accessed from the Rear Porch is an:

Enclosed Courtyard (6.45m x 4.4m)

With a narrow alleyway leading to Lion Street at the rear with lockable security gate.

Owners Accommoation

This is separately accessed to the first floor via a wide entrance and staircase and comprises:

Landing

Giving access to most rooms, understairs storage cupboard.

Living Room (5m x 3.86m)

With two large windows south onto High Town, attractive fireplace with gas fire, revealed stonework.

Dining Area (3.2m x 1.95m)

Open to landing and open to kitchen, with high level window, revealed stonework.

Kicthen (3.15m x 2.35m)

With large window north, exposed stonework, extensive fitted floor and wall units, incorporating single drainer sink unit, gas hob, appliance recess areas, etc.

Main Bathroom (3m x 2.25m)

(off landing) providing panelled bath, hand basin, low flush WC, fitted airing cupboard, Velux roof light, radiator.

Second Floor

Large Light And Airy Landing Area

With window above stairs facing south.

Bedroom 1 (4.3m x 3.28m)

With large window south overlooking High Town, traditional fireplace, radiator.

Bedroom 2 (4.4m x 3.15m)

With window south overlooking High Town, radiator, traditional fireplace.

Bedroom 3 (3.3m x 3.25m)

With large window north with views over the roof tops to open countryside, radiator.

Large Walk-In Airing Cupboard (2.1m x 1.1m)

With hot water cylinder and small high level window.

The Business

The business has been owned and run since 1961, by the present Sub Postmaster, who is now looking forward to a well earned retirement and is offering this lovely property and business for sale for the first time for over 50 years. This gives an excellent opportunity for new owners to purchase and live in the centre of this famous "Book Capital of the World."

This Post Office is the only branch in town and has a large Mail Sorting Office as part of its business. Under Post Office Network Transformation, this branch has been nominated to convert to a Local Plus model on transfer and Post Office Ltd would pay for the conversion costs. This will make it into a modern bright new Post Office which can be easily run from its retail counters enabling many more retail lines to be introduced to appeal to the thousands of visitors that flock here each year.

The Post Office income at present is £67,500 p.a. And as a po Local Plus, it is anticipated to be around £50,000 p.a.

The (truncated)

Business Hours

Monday, Wednesday and Friday - 9am to 1pm and 2pm to 5.30pm
Tuesday - 9am to 1pm
Thursday - 9am to 5.30pm
Saturday - 9am to 12.30pm

Staff

The Post Office is run by the vendor with the help of three part-time members of staff, plus a self-employed member of staff twice a week.

Please Note: Staff will transfer with the business and you are advised to seek Independent Legal Advice regarding tupe (Transfer of Undertakings (Protection of Employment) Regulations.

Business Rates

Rateable Value: £8,900. Occupiers would benefit from the Small Business Relief Scheme.

Asking Price

The asking price is for the freehold of the property to include the Goodwill, Fixtures and Equipment comprised in the business. Stock in trade to be taken at valuation.