This property has been home to ‘Peppermints Coffee Lounge” for the last 17 years, but now comes the time for the owners to retire.
The shop is well suited to just about any enterprise, from hospitality & retail through to offices. The property is zoned local center meaning that the building can be used for a range of different uses if cafes are not your cup of tea. With 105 sqm inside, there is plenty of room as a blank canvas for the incoming tenant. A rental appraisal has been completed estimating the rental return of the shop alone at $400/week.
Behind the café is a great courtyard and two bedroom flat sitting above a one car garage with plenty of storage. The flat alone is currently renting for $185/week however could be increased to $250/week with the inclusion of the courtyard & garage.
215 Grey Street offers the astute investor returns of up to 9% gross (7.5% net) across both a commercial and residential front with a basic restructure to its rental.
Included in the sale is the business itself on a Walk In Walk Out Basis. This allows the purchaser the option to pursue their hospitality dreams with little setup costs. The property in a prime location next to Coles and is currently the only cafe in the southern section of the main street. The cafe comfortably fits 36 people inside and a further 20 in the rear outdoor area. There is great scope to expand the operating hours of the business and even bring it into the evening trade. The cafe also has reverse cycle air conditioning and an internal public toilet. There is also a new front awning.
For more information, please contact Peter on 0429 910 977
- Air Conditioning
- Outdoor Entertainment Area
- Courtyard
- Secure Parking
