Asking Price: $50,000
A rare opportunity to acquire a convenience retail business located in the core residential precinct of Dee Why, on Sydney’s Northern Beaches. The store is positioned on a street-front location and is surrounded by established apartment communities, supermarkets, restaurants and schools. The business primarily services the everyday convenience needs of local residents and benefits from a stable customer base.
The premises have been recently renovated and are fully fitted with all required fixtures and equipment. The store is presented in good condition and no additional capital expenditure is required to continue operations. Current average monthly turnover is approximately $56,000.
Lease Details:
• Lease term: 3 years + 3 years option (commencing 2 December 2024)
• Annual rent: $80,000 + GST (with 5% annual increases)
• Total floor area: approximately 115 sqm, including a separate storage area (approx. 5 sqm)
• The lease includes three dedicated car spaces
Investment Highlights:
• Street-front store in Dee Why’s core residential precinct, established community, high-frequency consumer demand
• Recently renovated premises, store conditions superior to comparable businesses
• Stable lease with a reasonable rental structure
• Google 5-star rating and established online presence
• Simple operating model, stable trading performance with growth potential
• Flexible retail footprint, offering scope to expand the product mix across adjacent convenience and specialty retail categories
This opportunity is suitable for:
• Owner-operators
• Investors seeking stable cash flow
• First-time buyers looking to enter the retail sector with a relatively low entry cost
Further information available upon request.
Property Code: 221
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