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Brisbane City QLD 4000

  • Hotel / Leisure
  • 900 m²
  • For Sale, Freehold + Business: $1,230,000

Freehold Chinese Restaurant - Functions - Central Queensland - Est 40 years

FREEHOLD CHINESE RESTAURANT - FUNCTIONS - CENTRAL QUEENSLAND ESTABLISHED 40 YEARS

Price: Freehold + Business: $1,230,000 or Business Only: $280,000 SAV

*Looking to live and work in Central Queensland?

*Want the security of a freehold property?

*Interested in multiple income streams?

*What about 187 rural area migration visa approvals?

What a find! - Central Queenslands most popular Chinese Restaurant and Freehold property is up for sale close to the M4 highway. The business is not only close to the central business center but its positioned on high ground - a no flood area. The commercial building is home to the Chinese restaurant business that offers a function room and a non-operating café shop ready to go (it cost approx. $50,000 to set up). The back of the property offers a 2 bedroom unit with air-conditioning, kitchen, toilet, bathroom and a small dining area.

Multiple Income Streams: Not only do you gain income from the Chinese Restaurant, there is a rental income from the back 2 bedroom unit of $28,080 per annum. Also income from the 187 rural immigration visas. The Owner has successfully applied for five 187 rural area migration visas. In 2014 the owner invested $500,000 into renovating the business premises and adding new plant & equipment. The owner has carried on the business since 2004 - opening for lunch and dinner. This Chinese take-away and dine-in restaurant is known for its service, tasty Asian food, quick and quality meals. The loyal customers are not just the locals, customers come from different parts of central Queensland and as-far-as Brisbane and Sydney, In fact, all over Australia! The restaurant comfortably seats 75 guests inside and a further 40 guests outdoors.

Working Owners Profit FY2016: $308,000 per annum

The upside to owning this business and property is gaining future income from the existing café (currently closed), but could be reinstated. The café cost $50,000 to set-up.

Key Considerations:

- 5 x 187 rural area migration visas approved

- Multiple Income Streams

- Located in Central business center of town no flood area

- FREE non-operating café shop ready to go. Set-up cost was $50,000

- A 2 bedroom unit available to new owner to stay, or rent out

To avoid disappointment give me a call today.

Price: Freehold + Business: $1,230,000 or Business Only: $280,000 SAV Exclusive

Please contact Zheng Yeli on 0420678686

187 + + + *40 * 2014 118 * * 488M22 * $50,000 : : $280,000 SAV; + $1,230,000

Benchmark Business Sales and Valuations

Property Code: 1364

Property Highlights

Property ID2015428852
Floor Area900 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  16 Jul 2019
Map for Brisbane City QLD 4000
Benchmark Business Sales & Valuations
104/20 Bermuda Place, Lake Orr Drive Varsity Lakes QLD 4227

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