75 Cowper Street, Stroud, NSW 2425

For sale

$595,000

Freehold Cafe/Takeaway - Business & Property "All In One"

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.

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

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 meu 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.

(PLEASE OBSERVE ADEQUATE SOCIAL DISTANCING AND THE 2 SQUARE METRE RULE WHILE INSPECTING PROPERTIES)

TenantedNo
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Property Info:
  • Property ID: L4977394
  • Property Type: Cafe/Coffee Shop