Convenience Store with Steady Rental Income in Prime Matraville Location
**Summary:**
A rare opportunity to own a thriving general store along with a versatile mixed-use townhouse property. Situated on the bustling Wassell St, this business enjoys a prime location with no local competition, servicing the needs of the surrounding community and international students. The property also features 5 bedrooms, 3 bathrooms, a garage, and an additional parking space, generating rental income that covers all property expenses.
**Key Features:**
Prime Location: Street-level store on Wassell St, benefiting from high foot traffic and a bus stop at the door with direct routes to UNSW.
No Competition: Sole convenience store in the area catering to local residents and students.
Rental Income: All rooms rented to students, generating steady income that fully covers rental and outgoings.
Operational Simplicity: Vendor-run store with an established client base, operating 7 days a week.
Spacious Property: Multi-functional townhouse offering ample space for living or potential business expansion.
**Potentials:**
Family Operation: Ideal for a family to run and live on-site, reducing operational costs.
Alternate Uses: Opportunity to convert the space for other business types, such as a café or specialized retail (subject to council approval).
Leverage Student Market: Capitalize on the high spending power of international students residing nearby.
**Operation Hours:**
Open 7 days a week 7:30 am to 6:30 pm
**Lease Details:**
Property Type: Mixed-use townhouse.
Lease Structure: Residential and commercial usage.
**Key Financials:**
Rental income from student tenants fully offsets property expenses.
Profitable and stable convenience store operation with consistent cash flow.
**Reason for Sale:**
Vendor relocating and looking to transition ownership to a motivated buyer.
For those with a vision, this business offers incredible opportunities for expansion and the introduction of new concepts. For further information or to inspect the business, please email the broker for an NDA form or contact Jeffrey Lei at 0405888800.
IMPORTANT: The agency does not verify the accuracy of the information. Buyers are responsible for conducting their own due-diligence. We may call or contact/Whatsapp you if you enquire about the business. Interested buyers may be requested to register and complete a Non-Disclosure Agreement. All images are for illustration purposes only and may NOT reflect the business in any way
