Price
$2,550,000
Profit *
Refer to Broker
Sales Revenue
$115,000
Location
Melbourne Region, Melbourne
Category
Business/Property
Listing #
ME03374
Freehold Property for Sale returns $115k per annum. Inner Nth Subs. 872m2 site & 21 year sold lease with option to buy high turnover business.
(Business also available separately or together)
A superb double-fronted retail freehold situated on a generous 872m² site, offering exceptional security and strong returns. This blue-chip investment returning $115,000 pa is supported by a long-established, high-performing café & bakery business trading for over 69 years with annual gross turnover exceeding $3.5 million.
PROPERTY HIGHLIGHTS:
*Currently returning $115,000 per annum
*Brand new 21-year lease: 7 years + two further 7-year options
*3% annual rental increases
*Tenant pays all outgoings, including building insurance
*Double-fronted premises with an impressive 24-metre frontage
*Positioned on a high-exposure semi-main local road in one of Melbourne’s popular Inner Northern suburbs, only 9km from the CBD
*Secure, long-term tenant operating a proven, solid, and thriving business
This is an outstanding opportunity to secure a premium freehold investment in a tightly held and high-demand location.
PRICING OPTIONS:
Property Only: $2.55 million | Business Only: $1.35 million | Business + Property Together: $3.9 million
Enquire today.
Tony Latessa
Phone: 0412 525 151
Email: [email protected]
Jamal Dabab
Phone: 0411 305 556
Email: [email protected]
Listing: ME03374
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
To find out more, complete an online confidentiality agreement by clicking the button below.
Click the email alerts button to be notified of other businesses that may be of interest to you.
For reasons of confidentiality a stock photo image may be used to represent the business for sale.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
