75 Cowper Street, Stroud, NSW 2425

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For sale

$595,000

Freehold Property, Residence & Cafe/Takeaway Business - Offered "In Line"

75 Cowper Street Stroud

Opportunity to finally live your dream and purchase a country cottage and takeaway/cafe business in the beautiful and historic country town of Stroud! The sale of this freehold business includes all plant and equipment and is being sold on a walk-in walk out basis.

Information on Property

The Property/Live-in Residence (included in sale)

Renovated weatherboard country cottage situated in the heart of the historic township of Stroud.

Key features of the residential property include:

-Total land holding of 422sqm (approximately)

-Two street frontages, one for the cafe/takeaway on Cowper Street and the other is for the residence on Memorial Avenue.

-Renovated weatherboard home with 3 bedrooms (built in robes and ceiling fans)

-New kitchen with dishwasher

-Large and spacious living room

-Modern main bathroom and laundry (with second toilet)

-Private rear patio

-Colourbond shed with single roller door accessed from Memorial Avenue

-Located in the Mid-Coast council region – Only 1 hours drive to Newcastle and Nelsons Bay, Newcastle Airport just 43 minutes, Sydney 2 hours and 40 minutes and Raymond Terrace just 40 minutes.

Please note: If you are looking at this purely as an investment opportunity the combined potential lease return for the house (currently leased at $320 per week) and the cafe (currently $350 per week) is approximately $34,840 PA net + outgoing’s + GST. Based on the purchase price this is a minimum return of 5.8% per annum.

Approx. outgoing’s

Council Rates: $771 (approx.) PQ

Water rates & usage: $518 (approx.) PQ

*Information On Cafe

Iconic country cafe/takeaway in the beautiful countryside of Stroud (the Mid-Coast council region) just 1 hours drive to Newcastle and Nelsons Bay. This business has been operating as a cafe/takeaway in the same location for over 50 years.

The cafe has built up a great reputation and a large base of loyal local clientele by offering a diverse menu which includes great coffee, a large variety of breakfast options and a substantial lunch menu. Some of the menu options include slices, muffins, sanwhiches, burgers, wraps and light meals.

The cafe exudes a delightful and inviting ambience featuring a spacious dining area as well as alfresco on street dining. The business shows a good turnover and a generous return for an astute owner operator.

Key features of the business:

-Cafe/takeaway business has been operating in the same location for over 50 years.

-Approximately $400,000 in annual sales income per annum.

-Modern fit out with seating for up to 32 patrons, approximately 26 inside and approximately 4-6 in the outdoor alfresco footpath dining area.

-Great commercial kitchen including deep fryers, freezers, fridges, food display units and much more.

-Comprehensive handover period to be provided by current owner and casual staff willing to stay on.

Eateries like this are rarely available.

Represents great value and is a must inspect.

(DUE TO THE CURRENT LOCKDOWN RESTRICTIONS, INSPECTIONS ARE TO BE ONE ON ONE ONLY, PLEASE CONTACT THE AGENT TO ARRANGE A SUITABLE DAY & TIME TO INSPECT)

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Property Info:
  • Property ID: L5161043
  • Property Type: House
  • Garages: 1
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R&H Suburb Profile: Stroud

R&H Suburb Summary Houses
Number of sales 31
Average Price $676,226
Median Price $549,000
Median Rental Price $315 p.w.
Change in Rental Rate (5yr) 0 %
R&H Suburb Summary Units
Number of sales 0
Average Price $0
Stroud, NSW - Median Trend
$549,000