$299,000 + SAV for the business & $1,250,000 for the freehold property
About this opportunity
You read it right, 14.5% rental yield which includes a second-long term tenancy of True Value Hardware. The freehold property is located smack bang in the main street of Collinsville on 4067m2 with massive hardstand area. The supermarket has a modern fit out including flooring so there is literally no more to do.
Why should you consider this opportunity?
- Freehold purchase
- 14.5% Rental return
- 4067m2 Block
- Long established business & tenancy
- New fit out in October 2017
- Good cash flow
- Provides a great lifestyle
- Central main street location
- Easy access
- Loads of on & off-street parking
- Solid customer base
- Fuel discount on purchases
- Owner operator allows for good scope for improvement
- Easily run
- Experienced staff
- 7 Days per week
This great opportunity including the Foodworks business, the freehold property on an acre of land and the long-term tenancy of True Value Hardware. Both tenancies contribute $182000 rent per annum representing 14.5% rental yield.
The is business is well established, (approximately 35 years) had a fresh new fit out in October 2017, trades well and is completely run under management. The owners of the True Value Hardware are long-term Collinsville residents, at one stage owning the freehold, supermarket and the hardware business.
Foodworks has developed a great brand with a store network consisting of 650 members Australia-wide with an annual turnover of $2 billion and more than 3 million customers a week. When you own a Foodworks store, all the profits from your business belongs to you and as a Foodworks member they provide you with the tools, support and services you require to ensure your success.
The store has a clean modern fit out, is well stocked and very well merchandised in keeping with a basic corporate layout giving the store good flow with lots of colour. The store also has its own ATM which is very handy providing additional customer service and retail sales.
A computerised Point of Sale System with two service points are located to the front of the store which is linked to a back office making it extremely easy to track sales, change prices and view or print any myriad of reports to track the stores performance.
The business provides a great lifestyle for the current owners in more ways than one but as an aging partnership now is their time to wind back which means placing this business and freehold property on the market. Being a small town, they have loyal local customer base who support their business.
The site is a corner location on the main road which gives easy access with street parking. The business trades 7 days a week and open from 5.00am to 8.00pm is fully staffed and easily run.
Genuine reason for selling here and listed for sale at $250,000 + SAV for the Business plus $1,250,000 for the Freehold Property.