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130 Wee Waa Street
Boggabri NSW 2382
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Sold on 29 Oct 2021

130 Wee Waa Street Boggabri NSW 2382

  • Shop & Retail
  • 168 m²
  • Sold, $400,000

10% GROSS RETURN - LUCRATIVE INVESTMENT OPPORTUNITY

    located on the Kamilaroi Highway near substantial mining operations, this is a modern, fully developed café & commercial bakery with ample space to grow.

    • This is a popular truck stop, with ample truck parking.
    • Large 1,349sqm fully fenced block that has rear lane access & space to add a drive-through business if desired.
    • The building has had substantial renovations with the addition of a commercial kitchen/bakery in 2015.
    • It provides an outdoor covered dining area, side patio, and wheelchair access.
    • Indoor dining room with a bathroom, reverse cycle air conditioning, service counter, commercial kitchen with industrial ovens, stainless steel benches, display fridges, and 4 x cool rooms.
    • With a 9.6% return and a new 5-year lease (with the option to renew for another 5 years) signed at $902.00 per week plus CPI increases &
    outgoings (excluding insurance) this is a very lucrative investment for the astute investor.

    The area is currently experiencing strategic growth, backed by a strong economic forecast, and approved large-scale projects such as several large-scale mines in the area as well as the approval for the natural gas plant and Narrabri Inland Rail. Itinerant workers traveling from Gunnedah, Narrabri, Manilla, Tamworth & surrounds are currently utilizing the building for staff training and catering services as well as general meals & crib meals. (Inventory list can be provided)

    Property Highlights

    Date Sold29 Oct 2021
    Sold Price$400,000
    Floor Area168 m²
    Land Area1,349 m²
    Parking10 x Onsite parkings
    Property ID2016847280
    Category
    Last updated  5 Nov 2021
    Map for 130 Wee Waa Street Boggabri NSW 2382

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    Property Highlights

    Date Sold29 Oct 2021
    Sold Price$400,000
    Floor Area168 m²
    Land Area1,349 m²
    Parking10 x Onsite parkings
    Property ID2016847280
    Category
    Last updated  5 Nov 2021
    12 Doody Street Narrabri NSW 2390

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