'Foster's Garage' is an iconic long established business, situated in the very popular town centre of Bellingen, on the Mid Coast of NSW, some 30 minutes' drive south west of Coffs Harbour.
The business has been operating from this prime site for over four decades, assisting both locals and tourists with excellent automotive services.
The property has an approximate site area of 1,850m2 and occupies a central position within Bellingen CBD.
The site enjoys an approximate main road frontage to Hyde Street of 48m2 and rear lane frontage of some 40 metres.
The existing improvements generally represent an under-development of this prime commercial site.
The property enjoys potential for a number of options, including an owner occupier taking the business to the next level, an investor acquiring the property and entering into leases to generate rental income or a developer acquiring the site for redevelopment.
Redevelopment options include ground floor retail/commercial space with first floor Hostel/Tourist/Visitor accommodation.
The property is offered for sale by Expressions Of Interest on a 'Walk-In Walk-Out' basis.
The business retails BP fuel with a total holding tank capacity of 18,000 litres.
Some 16,000 litres are sold on average each week, in addition to the service and maintenance of vehicles, mechanical/hardware retail sales, ice, gas refilling, an NRMA franchise and a Bananacoast Community Credit Union ATM.
Gross annual turnover is approximately $1.6mil.
The business has been owner operated by Carl Foster since 1968.
Substantial potential exists for the business to generate increased sales and profitability.
The purpose built automotive showroom/garage has an approximate gross floor area of 490m2 plus an attached awning of 90m2.
There are three bowsers, comprising a dual Premium Unleaded/91 Octane bowser, a dual 91 Octane bowser and a single Diesel bowser.
The property is well maintained.
Features of this once in a generation offering include the following :-
- Prime retail site
- Huge street frontage
- Rear lane access
- Popular Bellingen town centre
- Potential to increase business performance, lease out or redevelop.
- An iconic and very well known property
If you have been waiting for such an opportunity to arise in central Bellingen, then call for your copy of the Information Memorandum.
For sale by Expressions Of Interest closing 19th November, 2014.
For all further details, contact Exclusive Marketing Agents LJ Hooker Commercial.
