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For Sale

5br home, and attached shop with highly profitable business - Arms length

119 wollombi road, Cessnock, New South Wales

Summary


  • For Sale
    Status
  • Cessnock
    Location
  • New South Wales
    State
  • $1,350,000
    Price
  • Newsagency/Tatts

Features


Description


Amazing commercial opportunity with large family home included!
These opportunities come along once in a life time and with financial returns like this, present a rare opportunity to purchase an asset with fantastic returns.
This property comprising a large modern home and adjoining shop, could easily generate $1,100 rental income per week! (Based on Home rent of $600pw and business premises rent of $500 pw).
Buyers are presented with options galore including:
Option 1 – live in the home, Run the profitable business (currently fully staffed) – historical net return to an owner of approximately $103,139 based on 2021 financial statements.
Option2 – own both home and business premises, live offsite and rent out the entire home and business premises for an estimated weekly rent of $1,100pw
The business exhibits growing revenues year on year for the last 4 years– Annual Lotto revenue of over $1.3m, total weekly turnover of over $20,000
The business is fully staffed and the current owner simply manages weekly rosters and fills in as required to cover absences or holiday leave.
The business controls sales through 8 sub agencies, each of which have numerous sites of their own. Which means sales and commissions are being earned from over 20 retail sites across the region.
The home is a wonderful large modern home with generous bedrooms and an inground pool with well presented BBQ entertaining area.
• 5 bedrooms
• 2 Bathrooms -ensuite to main bedroom
• 4 Garage spaces
• Pool with entertaining/bbq area
• Lounge room + media room
• Solar system 18.5KW- Great to run the new Telsa which you can now afford
• Ducted air-conditioning throughout
Large 5 bedroom home on 800 sqm block. Has a media room, pool (new pump & filter last summer),bar, large living area and recently renovated main bathroom. New ducted A/C, with huge18.5 KW solar system.
Wollombi road Cessnock west is located within walking distance to local shopping mall and Cessnock town centre, an easy drive to the tranquillity of the vineyards and very close to local schools restaurants and community facilities and sports grounds.