A Rare Opportunity to Purchase one of Perth's Best Cafe's with Option to Purchase the Freehold Property as well
BUSINESS ONLY: $650,000 + sav
OR:
BUSINESS: $650,000 + sav
FREEHOLD PROPERTY: $1,250,000
TOTAL PACKAGE: $1,900,000 (NO GST)
It's not often one of Perth's most reputable brunch cafes becomes available for purchase. This cafe is well known not only across Perth, but also across Australia & even abroad!
About the Business:
- Average $36k+ (excl. GST) weekly turnover
- 7 days per week of trade
- Cult-like following from local community
- A 'destination' cafe
- Lucrative earnings
- Strategic suburban location
- Massive potential for immediate revenue growth
- Extremely well run under management
- Quality fit-out & infrastructure
- Well documented processes
- Stock value approx. $15k
For those interested in the business + commercial freehold package: Why deal with ever-increasing rents and greedy landlords when you can control your own destiny by way of a bluechip commercial property investment? Structure your lease however you prefer, as you'll own both the business & the freehold! The owner of both assets would be looking at a 13.5% yield p.a. (approx.) when considering business profit (under management) plus rent paid to owner.
About the Property:
- 238m2 of strata area
- 2017 build
- Large alfresco area
- Plenty of street parking
- Attractive yield with ability to sustainably increase this
Rates & Fees:
Council Rates: $4,131
Water Rates: $2,632
Strata Fees: $3,834
Total: $10,597pa
This model suits a variety of involvement appetites, including owner operator, partnership or continue to run under management.
Simply put, this is an opportunity not to be missed.
The Phone Code for this property is: 48813. Please quote this number when phoning or texting.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
