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.
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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|R&H Suburb Summary||Houses|
|Number of sales||31|
|Median Rental Price||$315 p.w.|
|Change in Rental Rate (5yr)||0 %|
|R&H Suburb Summary||Units|
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