Investment of $11,900,000 +construction costs, yields 80% Returns: DA approved Site.1SELL Listing ID: 1AU0167
Invest/Build/Operate the business, DA approved site South Sydney.
DA Approved for 61 Apartments + retails shops, approximately on 1696 Sq mtr size property currently operated as Service station along with Mechanic shop and single dwelling, Sydney south suburb for sale.
1SELL Listing ID: 1AU0167
Asking Price: $11,950,000 + SAV
PROPERTY HIGHLIGHTS:
DA Approved Site for 61 Apartments, ground level retail shops and 4 level basement car parks on existing operating service station and other services. (knock down rebuild).
- Positioned at the corner of the street.
- Immediate accessibility to public transport, with Train Station's entry directly adjoining the property.
- Number of Dwellings - Development approval for construction of residential apartments plus 861sqm* of ground floor retail/ commercial.
- Dwelling Mix - 21 x 1-bedroom apartments 34 X 2-bedroom apartments 6 x 3-bedroom apartments.
- Approved gross floor area of 6,424sqm*.
- 7 storey construction with a 4-level basement car park.
- Net Profit Calculation.
1BHK * 21Units at $700,000 Per unit $14,700,000
2BHK *34Units at $900,000 per Unit $30,600,000
3BHK *6Units at $1,050,000 per Unit $ 6,300,000
Retail\Commercial (Sqm)at $5,000/sqm $ 4,305,000
Total Sale Value of Unit & Retail Shop $55,905,000
Construction Cost (approx.)at 3000/sqm $19,272,000
Buying Cost (approx.) $11,900,000
Total Cost $31,172,000
Net Profit/Revenue Before Taxes(approx.) $24,733,000
***THE PURCHASER IS TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
BUSINESS HIGHLIGHTS:
- Service station with impressive annual sales.
- Service station comprises of office space, convenience store and fuel canopy.
- Annual revenue around $6.25 million.
- Annual Net Profit: $250,000 approximately before tax. (after paying the Rent)
- Open 7 days: Monday - Sunday 5 am to 10 pm.
- Complete training provided for easy transition.
- Other income: Mechanic Shop and Apartment.
- Multiple income streams with a service station, mechanic workshop, and apartment returning
$459,600 per annum approximately before taxes.
Revenue:
- Monthly Fuel volume: Average $260,200 litres with about 15 cents per litre margin.
- Shop sales: Average $52,600 per month approximately with over 35% gross profit.
- Rent from Mechanic shop $5,160.00/month.
- Rent from the existing apartment $2,072/month.
- Complete training is provided to the new owner for an easy transition.
Expenses:
Monthly expenses: $25,300 approx. (including Rates, insurance etc).
Net income before tax: $38,300 per month approximately including service station and rents.
Cost to acquire this business:
Price: $11,950,000 + SAV.
Estimated stock: $150,000+/- 15%.
Financial information, lease, fuel agreement, and POS reports can be provided to qualified buyers after completing a confidentiality agreement.
Note: All leases are on month-to-month basis.
Contact the agent for a confidential discussion.
Disclaimer: Listing photos are for illustration purposes only and are not actual images of the business on sale.
THE PURCHASER IS TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
Property Code: 176
