ASPLEY HOUSE WITH BUSINESS ATTACHED - $840,000 + SAV

Description

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Sick of the rat race and working for someone else and making them richer? Here is a rare opportunity to purchase a vibrant newsagency with a residence attached to it on a freehold title which allows you to work and live on site.

Just wake up have breakfast and walk 3 steps down to work. During the day you can quickly go back home and put the meal on for dinner. Once you close the shop, it is a short 3 steps up and you're at home.

The newsagency is currently operated with the same owners of 3 years and has a very small newspaper run and is open 7 days a week. The items for sale over the counter include but are not limited to: newspapers, magazines, cigarettes, lotto, scratch-it tickets, stationery, greeting cards, soft drinks including milk, bread and postage stamps. The growth of the business has been steady and there is potential for further growth on the normal newsagency lines. This is an ideally sized newsagency to be run by a husband and wife team and does not require additional staff. The shop is air-conditioned and is an agency for dry-cleaning.

The net return you can expect on your investment is in a excess of $110,000 per annum.

The newsagency is located on a busy Aspley Road with access to busses and is in close proximity to a popular Leagues Club. High school, Primary school and parks are located close by and at the end of the street is a very large and expanding industrial estate

The house is a cute cottage and has an open plan layout with 2 bedrooms and a good size kitchen. The house is air-conditioned which makes for comfortable living in the hot summer months. The laundry is compact and has one bathroom. The backyard is large and is flat which makes for easy maintenance and makes it very simple to run the business and live on site at the same time. There is plenty of storage and two cars parked in the side of the house may be accommodated. The present office in the house used for the business may be converted into another bedroom, thereby making it into a 3-bedroom house.

The business has an overwhelming advantage, in that it is freehold and thereby negating the necessity to pay rent and requiring the renewal of leases which often leads to disparity, inconsistent demands and extravagant rent increases demanded by land lords.

The freehold residence provides the owner with multiple choices:
(1) May reside on site rent-free
(2) Rent the house, thereby deriving additional income.
(3) The freehold may be purchased by the owners superannuation fund and rent is paid to the fund (accountants advice is required for this option)

The information provided is an outline of the business; more detailed information can be supplied on request. An inspection will not disappoint.