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.
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