Invest/Build/Operate the business, DA approved site

Invest/Build/Operate the business, DA approved site South Sydney DA Approved for 61 Apartments + retails shops, approximately on 1696 Sq mtr size property currently operated as Service station along with Mechanic shop and single dwelling, Sydney south suburb for sale. 1SELL Listing ID: 1AU0167 Asking Price: $11,950,000 + SAV PROPERTY HIGHLIGHTS: DA Approved Site for 61 Apartments, ground level retail shops and 4 level basement car parks on existing operating service station and other services. (knock down rebuild). • Positioned at the corner of the street. • Immediate accessibility to public transport, with Train Station’s entry directly adjoining the property. • Number of Dwellings - Development approval for construction of residential apartments plus 861sqm* of ground floor retail/ commercial. • Dwelling Mix - 21 x 1-bedroom apartments 34 X 2-bedroom apartments 6 x 3-bedroom apartments. • Approved gross floor area of 6,424sqm*. • 7 storey construction with a 4-level basement car park. • Multiple income streams with a service station, mechanic workshop, and apartment returning $459,600 per annum approximately before taxes. BUSINESS HIGHLIGHTS: • Service station with impressive annual sales. • Service station comprises of office space, convenience store and fuel canopy. • Annual revenue around $6.25 million. • Annual Net Profit: $250,000 approximately before tax. (after paying the Rent) • Open 7 days: Monday - Sunday 5 am to 10 pm. • Complete training provided for easy transition. • Other income: Mechanic Shop and Apartment. Revenue: • Monthly Fuel volume: Average $260,200 litres with about 15 cents per litre margin. • Shop sales: Average $52,600 per month approximately with over 35% gross profit. • Rent from Mechanic shop $5,160.00/month. • Rent from the existing apartment $2,072/month. • Complete training is provided to the new owner for an easy transition. Expenses: Monthly expenses: $25,300 approx. (including Rates, insurance etc). Net income before tax: $38,300 per month approximately including service station and rents. Cost to acquire this business: Price: $11,950,000 + SAV. Estimated stock: $150,000+/- 15%. Financial information, lease, fuel agreement, and POS reports can be provided to qualified buyers after completing a confidentiality agreement. Note: All leases are on month-to-month basis. Contact the agent for a confidential discussion. Disclaimer: Listing photos are for illustration purposes only and are not actual images of the business on sale. THE PURCHASER IS TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.