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.
