Superette – Business AND Freehold!

Auckland City

$1,775,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1bz3tkb



Prime south Auckland suburb

An amazing and rare opportunity to buy both the business and the freehold at the same time!

Well-presented and spacious superette in a busy south Auckland suburb selling Pacific and Indian grocery lines.

Located in one of the busiest shopping town centers in the area there is strong foot traffic and a weekend market to give extra boost to your sales.

There is ample free parking available and the store boasts an ATM machine which generates additional revenue of $9,000 plus GST per annum.

The Vendor reports average current weekly sales of $19,000 including GST with good profits. The opportunity exists to add your own touch to this well performing business with a great future.

Based on sales and current costs, a working owner should achieve a surplus of around $110,000 per annum.

This store can easily be run by a working couple or one working owner with a part-time staff memberSuperior locationStrong business with sales of $19,000 (inc GST) per weekThe property occupies an area of 330 square metersMarket rental assessment $84,110 per annum plus GST and outgoings, excluding the ATM area.Very recent market valuation shows an adopted yield of 7.45% against the total assessed rental, inclusive of the ATM contact rent.

Motivated vendor selling due to other business commitments.

Package price for both the business and the freehold going concern is $1,775,000 plus stock of approximately $95,000.

Reference: EL00858
Ref: EL00858
Timestamp: 20170819054522

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