Versatile Investment on the Main Street.
Phone enquiries - please quote property ID 19942.
*FANTASTIC OPPORTUNITY*
This is an opportunity for investors or business owners, as tenants have unexpectedly vacated. There is a chance to reestablish a Laundromat, a much-needed service in Northam and the surrounding districts.
Tenants are interested in reopening a laundromat if desired, as all plumbing facilities remain connected to the premises. Alternatively, if you decide against it, the existing facilities, including a grease trap, are suitable for reopening a cafe or restaurant.
Located on the main street of Northam, just 50 minutes from Midland, this shop presents a prime investment opportunity. As the Regional Service Centre of the Avon Valley and Central Wheatbelt, it offers versatile options with anticipated growth in the area.
The shop has most recently operated as both a laundromat and a restaurant. All necessary connections for these businesses, such as water, gas, and a grease trap, are still in place on the property. This makes it suitable for a variety of retail and mixed-use redevelopment opportunities, appealing to a wide array of tenants, businesses, and owners.
The shop features bay windows and an attractive corner entrance, offering ample space and existing fixtures that would accommodate businesses ranging from offices and retail shops to cafes or restaurants.
The property boasts the following features:
- Three car bays located at the rear
- Potential for three toilets (two indoors, one outdoors), currently one in use, all with indoor basins
- Charming patio area at the back, suitable for an outdoor setting
- Security gate at the back
- Access for vehicles at the rear
- Back entrance with a view of the Avon River
- Two air conditioning units
- Installed skylight
- Spacious area for shop seating or retail purposes
Northam serves as an excellent central hub for a number of smaller surrounding towns..
The shop is located on Main Street, directly opposite Red Rooster, surrounded by other robust businesses, including large retailers like Woolworths, Kmart, Bunnings, and the newly opened Spud Shed across the street.
Dome Cafe has opened five doors away. Additionally, iron ore exploration is underway in the vicinity. The area is experiencing continuous growth, presenting more opportunities.
Annual outgoings are approximately $3,000.
The property is on offer for $230,000 plus GST.
This is an opportunity not to be missed!
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