Freehold Purchase or Lease Opportunity at 17 Douglas Street, Parap
Lease: $40,000 Plus GST + Outgoings
Sale: Offers over $900,000
Welcome to an exceptional commercial opportunity at 17 Douglas Street, Parap. While the former supermarket business has closed down, this property is brimming with potential for a new venture. Whether you envision a bustling cafe, a thriving restaurant, or a well-stocked supermarket without a liquor license, this space is primed for success.
The property boasts a range of modern infrastructure upgrades, ensuring a smooth transition for any new business. In 2022, the previous owner invested in a brand-new cool room, freezer, solar panels, and security shutters. These improvements provide a solid foundation, minimizing the initial setup costs for any entrepreneur looking to make their mark in Parap's commercial scene.
Situated on approximately 971 square meters of prime real estate, this property offers a unique combination of convenience and potential. The location in Parap ensures significant foot traffic and high visibility, key components for any successful retail or hospitality business. The existing layout and amenities make it an ideal space for a restaurant, cafe, or supermarket, with ample room to customize the interior to suit specific needs.
Additionally, the property is zoned Low Density Residential (LR), presenting a rare opportunity for further development. With council approval, there is scope to expand or modify the current shop and residence, allowing for a variety of business models and living arrangements. This zoning flexibility adds an extra layer of value, making the property an attractive option for investors looking to maximize their return.
Potential buyers can either purchase the freehold property, securing a valuable asset in a high-demand area, or opt for the lease option at $40,000 plus GST and outgoings. Both options provide a strategic foothold in the Northern Territory's vibrant retail and hospitality landscape.
The property at 17 Douglas Street, Parap, stands as a testament to the possibilities that come with a well-located and well-equipped commercial space. With modern amenities in place and significant development potential, this property is ready to host your next business venture. Whether you're looking to start a new cafe, expand a restaurant chain, or open a community-focused supermarket, this location offers the perfect setting for success.
Contact us today to explore this exceptional opportunity and take the first step toward realizing your business ambitions in Parap.
Disclaimer: The information in this advertisement has been disclosed to Darwin Property Group by the vendor. Darwin Property Group cannot guarantee and are not liable for the information provided by the vendor. Darwin Property Group strongly advise that any prospective purchaser do their due diligence to verify the sales and financial performance of this business along with consulting with their professional advisors prior to committing to any purchase of the business.
