Century old Alverstoke Post Office sold to first-time buyer

THE 100-year-old Alverstoke Post Office has been sold by estate agents Kings Business to a first-time buyer.

Situated in the village centre, the post office has an adjoining convenience store that sells confectionary, cards and small gifts.

The business operates from a period-style shopfront and boasts “a loyal client base” because of its long history within the town.

Its owners over the past decade had acquired the post office in 2010 and totally renovated the premises internally while continuing to maintain a reputation for high standard of service.

With management of the business overseen by its owners, the business offers various services, including MoneyGram transfers, travel money and an ATM facility.

According to Kings, the post office enjoys a prime location, with the seafront just 400 yards away. It is at the centre of a commercial cluster that includes cafes, retail outlets and a popular pub.

When the owners decided to move on and instructed Kings to handle the sale, the property generated a great deal of interest and attracted eight viewings.

The successful bid came from a first-time buyer looking for a new venture and change of lifestyle. They found the location particularly appealing.

On completion of the sale, the vendors said: “Now was the right time to sell as we have invested in other rental properties to add to our portfolio.”

Intending to move abroad after the pandemic passes, they added: “We are so relieved and happy to have completed the sale and would highly recommend Kings Business!”

Sales Negotiator Lauren Lees said: “Good luck to both our vendors and the new owner, although the vendors have to wait before they can do what they had planned, we are pleased the business has sold.”