SUTTON STREET STORE – COOTAMUNDRA – HOME, UNIT AND 2 SHOP FRONTS ON ONE TITLE. One property – 3 possible income streams. Well-established thriving business operating from pristine double shop fronting the busy Olympic Highway with an adjoining extensively renovated 3 bedroom home plus a separate self-contained flat. Boasting a large, loyal clientele comprised of local residents, farmers and tradies there is still even further room to expand.
The shop specialises in providing café and deli items along with fast food and takeaway plus includes licence to operate a retail meat enterprise producing ready to eat meats. There is a large floor area with potential for further dining space available.
The adjacent 3-bedroom house has been recently renovated, with floating floors, plantation blinds and custom-made cabinetry throughout. Perfect for prospective purchasers to live in, or to rent out as an extra source of income. The comfortable unit has been recently renovated and is currently rented out while there is a good-sized yard with rear access and a garage.
The facility offers
• an extra shop front for expansion
• large dining and store floor area
• large walk-in cool room and freezer
• huge inventory of modern plant and equipment
• large kitchen area
On a 318 km strip of the Olympic Highway the Sutton Street Store is one of the very few takeaways, coffee shops or delis that you can pop into. Operating since roughly 1908 but currently owned by current owners for 5 years it has links to the Hume Highway, Mid-Western highway and alternate road links between Albury and Sydney via Bathurst and Cowra.
The business has performed most successfully despite Covid conditions.
|Outgoings||$2,153.00 per annum|
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|R&H Suburb Summary||Houses|
|Number of sales||176|
|Median Rental Price||$285 p.w.|
|Change in Rental Rate (5yr)||14 %|
|R&H Suburb Summary||Units|
|Number of sales||12|
|Median Rental Price||$220 p.w.|
|Change in Rental Rate (5yr)||22 %|