"Demand for Post Office businesses has been really strong over the past couple of years, so I expect considerable interest in this property."
An opportunity has arisen to buy a historic Ebbw Valley Post Office, which has been put on the market by its longstanding proprietor, who wishes to retire. Blacks Business has been instructed by postmaster Christopher Howells to find a new owner for Cwmcarn Post Office, with an asking price of £319,950 to take over the freehold premises from which the business operates, as well as a four-bedroom flat on the floor above.
The Post Office was established more than a century ago and trades from the ground floor of a terraced property on Newport Road, the main shopping street in Cwmcarn, to the north-west of Newport. A four-bedroom first-floor flat is also included in the sale, which could either serve as owner’s accommodation or be rented out separately, adding a further income stream.
The business comes with a Post Office salary of £24,600 and also generates approximately £9,000 a year in sales of stationery items and greetings cards. It is currently operated solely by Mr and Mrs Howells, who took over the business in 1988.
Megan Sutherst, sales negotiator at Blacks Business Brokers, said, “Demand for Post Office businesses has been really strong over the past couple of years, so I expect considerable interest in this property, particularly given its scenic location and the fact it includes a large residential apartment. It could appeal to an investor, who might wish to let the two elements of the property separately, or to a new owner-manager who would like a taste of rural life while remaining close to Newport’s amenities and transport links.
“The business comes with the security a Post Office salary, and a loyal, regular clientele. However, there is also scope for a new owner to expand the retail element of the business significantly by, for example, introducing a range of convenience products.”
Cwmcarn has been the site of a settlement since the Bronze Age but it underwent significant development during the 19th Century, when it became an important centre for coal mining. The pits surrounding the village were closed in the 1960s and the area to its east is now the location of a well-known forest drive, taking in a seven-mile route through native woodland.
The area is also home to world-class mountain biking track and a recently opened £2 million visitor centre.
All enquiries should be directed to Blacks Business Brokers on 0333 370 0000, quoting reference 7343.