JF 20220128 – Eastern suburbs convenience store – Prime location in Randwick. Family owned store, offered for the first time in 21 years.

Summary

OWB Code: JF20220128 – We are pleased to offer to the market this prime location convenient store. The property is located on the main streets of the popular food and entertainment quarter of Randwick.

Key features:
- Returning approximately $187,200 per annum net
- A low weekly rent of $1,062 secured over a 5 + 3 + 3 year lease commenced in Feb 2019
- Established for nearly 50 years, offered for the first time in 21 years
- Well-presented building with an area of 192 sq. mts land size.
- Prime location: nestled in the heart of The Spot amongst restaurants, cafes and shops with great foot and vehicular traffic.
- 1 minute away from the popular Randwick Ritz cinema, 15 minute walk to Coogee Beach, close to Prince of Wales Hospital and University of New South Wales with frequent buses to the CBD, Bondi Junction and Maroubra
- Great potential with existing office, rest area, kitchen and bathroom at the back of the shop. There is also a backyard and parking spot
- All in one convenience store offers an excellent opportunity to live and work in a friendly environment in the highly desirable Eastern Suburbs location

This is a rare opportunity for those looking to be a part of the local community. It is also suitable for those overseas looking to migrate to Australia by starting their own business and build connections with people in the local community. The convenient store differentiates itself from franchise chains by stocking a huge variety products tailored to the local community – knowledge built by the owners over 21 years of service.

Randwick is also a high growth area, with its Mayor recently announcing his plan to transform this stretch of Sydney’s eastern suburbs into an arts and cultural hub with a prosperous night life.


Get in early to be part of this fantastic opportunity. Contact Jeffrey on 0405 888 800 for more details and information.