This is an excellent opportunity to purchase a commercial property with freehold business in the Catering Industry.
FREEHOLD TITLE situated in Brunker Street, a popular street for both commercial and residential properties. The site has a frontage of 11.1 metres and a total area of 354m2. It is on a major bus route and close to Broadmeadow train station. The surrounding development in the area is predominately commercial. It consists of:-
* The Business Building (Production Kitchen)– Brick construction
* 2 bedroom residence with kitchen, bathroom, sunroom, laundry and rear yard
* Large storeroom/garage for 4 cars
* Land Size of 354m2
* Zoning: Multiple Use
This award winning business is INCLUDED in the sale price. HotRock Events and catering is Newcastle’s most enduring and respected catering business. Established now for 12 years, this catering service business specialises in weddings, corporate events, conferences, seminars and product presentations for their clients.
The business is fully equipped with commercial kitchen. A full list can be provided to genuine interested parties. Also available is a full information pack including financials.
YOUR OPTIONS AFTER PURCHASE:-
Your return on investment from the lease: A total of$51,780K. (The kitchen: returning $30,000 the residence returning $17k)
Keep the business and continue to run it as an owner occupier, or:
Sell the business component leaving the commercial property asset with a good return.
Possible future development opportunities may exist (Council approval required).
Also note: The liquor license comes with the purchase
No matter which way you look at it, this all-in-one commercial opportunity should not be missed. Enquire today.
Phone enquiries - please quote property ID 18721