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IGA Supermarket Store With Freehold For Sale

WOREE QLD, 4868

For Sale

Property for Sale in WOREE QLD, 4868

Benchmark Business & Commercial

Suite 24, 213 Greenhill Road, Eastwood, SA 5063

Listing ID:
11353533
Status:
Active
For:
Sale
Price:
$1,100,000
Last Updated:
24/07/2019
Icon building

Property Type

Retail
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Land Area

N/A
Icon size

Floor Area

900 SQM
Icon parking

Parking

0

IGA Supermarket Store With Freehold For Sale

This well established IGA Supermarket in Tropical North QLD and is for sale as the owners have decided to retire after 25 years. This store has been 'husband and wife team' for this period and have built the store up so that it potentially could be run under management.

The owners also have the freehold available to purchase which will let you control your own destiny and also have some extra equity in your business.

This well-presented IGA Supermarket store is situated in a small shopping centre, on a busy intersection with plenty of passing traffic right at your door. The centre has a good mix of tenants to complement this IGA store. Which is the “anchor tenancy” there is very little to spend as a mini refurbishment was done a few years ago and comes with its own back up generator so that you have consistent power supply

Key Points:

-Ideally situated in a shopping centre, with plenty of passing traffic
-Well-presented, low maintenance store
-Well trained staff in place
-Nearby Competition already established
-Ample Car parking
-Growth of over 5% for past 2 years

Business Snapshot:

-Current Weekly Average Sales- $130,000 inc GST sales growth +5% on last year.
-Store size- 900m2 approx.
-GP a healthy 26%
-Current Rent- $23,100+ GST monthly
-Owner Operated

Freehold Snapshot :

-Rent Approx $275,000 inc GST
-Outgoings – Body Corporate – $49,500/year
-Rates $7,800/year

The Business is priced at $1,100,000 + Stock

Freehold is priced at $2,990,000

Not many really good stores come onto the market that look and perform like this one. So don’t expect this one to be around long.

* Own Due Diligence required

Call exclusive broker David Zampech to find out more about this IGA Supermarket for sale.
Benchmark Business Sales & Valuations

Property Code: 1359

For more details, please email agent

Benchmark Business & Commercial

Suite 24, 213 Greenhill Road, Eastwood, SA 5063


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