, Zetland NSW

For Sale

Retail

$1,450,000

105m2

Property Headline : Retail Liquor Store Freehold and Business Sale - Established and Operated by One Owner for 9 years - Metres from Green Square Urban Renewal Development - Inner South Sydney


Price : $1,450,000


Category : Retail


The opportunity presented is a long established, semi managed and operated, privately owned liquor store with freehold. Located in the heart of one of Australia\'s most dense population per m2, with many residential towers and urban renewal projects current under development.


The closest development to the property/business is \"Green Square\" a $13Billion, 278-hectare urban renewal area with 30,500 new residential dwellings. 


The property and business have a high level of street presence and ease of accessibility for local residents, passers-by, BYO restaurant patrons and other members of the community. 


Product Offering



  • Fine Red & White Wines

  • Beer - Local & Imported

  • Spirits - Standard and Top Shelf

  • Cured Meats, Cheese, High Quality Snacks and Desserts

  • Cigars 

  • Ice

  • Party Decorations

  • Gift Items, Wrapping, Bags and Cards 


Summary



  • Property and Business to be sold together 

  • Business Averages a turnover of approx. $17,600/week

  • Asking price for business is $350,000 + SAV on top of the property acquisition price 

  • Average transaction value of $35.00

  • Highest selling products are those with the greatest GP – Wine Varieties and High-end spirits 

  • The Vendor is currently charging himself $1,400/week inc. GST rent to operate the business 

  • Business is generally run under semi-management with the need of only 1 staff member to operate the store

  • Owner is a resident of the attached residential building and has been since 2004

  • Prime dense and rapidly growing residential population

  • Metres from Green Square urban renewal project 

  • Green Square development includes 30,500 new residential dwellings 

  • Property comes with 1 serviced bathroom, 1 secure car park, in store cold and storage room 


Outgoings Paid by Tenant 



  • $1,200/quater Strata

  • $800/quater Rates

  • $800/quater Water


This opportunity is ideal for an array of purchasers whom wish to operate a profitable retail business with the added value of owning the premise set for large capital return in the coming years due the to accelerated growth in the suburb.


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4342466#enquire-now

Lease Further Option : Feb 2022


Lease End : Mar 2017


Total Land Area : 118 Square Metres


Total Floor Area : 105 Square Metres


Total Car Parking : 1


Tenancy : Tenanted Investment



Year Established : 2009


Days Trading : 7


Reason for Sale : Vendor has Additional Business Interests in the Health Food Sector in Which He Wishes to Pursue Further


Location : Base of a Multi-Store Strata Building - Situated in Dense Residential, Retail and Hospitality Strip of Sydney's of Inner South


Business Potential : Introduce the Sale of Cigarettes, Alcohol Delivery Service, Pursue Small Wholesale Opportunities with Local Businesses and Events


Parking Comments : car - Secure Car Park for Vendor - Street Parking for Patrons