Auction - Unit 84, 'Siena' corner of Kalma Way and Pentland Street, Campbell ACT 2612.
Building and business ($1) must be sold at auction.
Property Information:
* 84 sqm ground floor unit with the ability to build mezzanine level subject to building approval
* Basement parking with one allocated car spot
* High ceilings and a broad sun-drench northerly aspect
* 80% lending ratio to approved purchasers
* Built-in 2020 with plenty of depreciation to claim
* Rates: $4,947 Water and Sewage: $702
* Body Corp:$870 per quarter
Business Information:
* Currently, a successful beauty salon (Alchemy Beauty Lab) - run under management
* Annual turnover 2023 FY: $334,774
* Gross profit 2023 FY: $292,241 (87%)
* Owner's profit (PEBITDA) 2023 FY: $137,858
* The total value of the fitout and business assets: $148,249.32
* Wages excluding super in the $155,112 assisting those using the business skill migration pathway
* Financial statements prepared by Capital Advisory
Auction Conditions:
* Published reserve $880,000 - (based on independent valuation)
* Business apportioned at $1 (including all assets)
* Settlement on or before 60 days - buyers' right to exclusively determine
* A 5% deposit accepted at auction with 10% at risk
* Buyers are to nominate within seven days of exchange if they want the business at the predetermined value of ($1)
* Active asset sale, so GST doesn't apply
* Stamp duty exempt based on published reserve
* Under instructions, pre-auction offers can't be entertained
* Auction onsite - Sunday 24th March 12:00pm
Inspections and contact: Inspections are on Mondays by appointment. Call Frank Walmsley Auction Agent at 0400446605 or contact at auctionadvantage.com.au
