Business ID: XB163489
ENDLESS POSSIBILITIES! HIGH TRAFFIC 810SQM SITE WITH DUAL ENTRANCES AND SCOPE TO SPLIT INTO MULTIPLE TENANCIES
Located in the thriving Hobart suburb of Glenorchy, the Brent Street Store represents a standout investment opportunity in a high-demand area. Positioned on a prominent, high-traffic corner, this well-established business generates consistent year-round income from a loyal local customer base, nearby schools, and passing tourists. The store offers a diverse range of products and services, including freshly prepared takeaway meals, barista-made coffee, and a well-stocked grocery section with everyday essentials.
Customers enjoy both dine-in and takeaway options, with added convenience through online ordering and delivery via Uber Eats. With its large footprint, dual entrances, and prime location, the business holds significant untapped potential to grow, diversify, or introduce new revenue streams.
Key Highlights
- Annual Revenue: Over $495,000 with consistent weekly sales (mostly take aways)
- Prime Location: Situated in busy Glenorchy with 24/7 passing traffic
- Large Site: 810sqm block with dual entrances and 10 on-site car parks
- More than 200sqm of retail space
- Diverse Offering: Takeaway meals, coffee, dine-in, groceries and convenience items
- Strong Customer Base: Regular foot traffic from two nearby schools (1,000+ students each), locals, and tradies
- Flexible Layout: Potential to create 23 separate tenancies or expand the business offering
- Established Trade: Long-standing business with a loyal community presence
- Building includes an upstairs 3-bedroom apartment that will be rented separately available first to interested shop buyer
Future Growth
Located just over 9 km from Hobart's CBD, Glenorchy is a growing residential and tourist hotspot. With a rising population and strong visitor numbers, the Brent Street Store is perfectly positioned to expand. An experienced operator could introduce new food concepts, develop a specialty grocer, or subdivide the premises into multiple tenancies to boost income and maximise potential.
Reason for Sale
The current owner is relocating to be with family. This creates a unique opportunity for a motivated buyer to take over a well-established, profitable store in a high-traffic location, with all the foundations in place for immediate operation and future growth.
PRICE: $60,000 + SAV (APPROX. $20K)
Property Code: 4455
