Invest/build/operate The Business, Da Approved Site South Sydney - 1sell Listing Id: 1au0167

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.

Property Code: 176