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Commercial, For Sale, Business, Retail, Stockton, New South Wales

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29 Mitchell Street Stockton NSW
Sold

Stockton Newsagency Including Licensed Post Office & Lottery Agency

Situated in the main Stockton Shopping centre this is the only Newsagency with Licensed Post Office & Lottery agency in the area! Averaging $1.7 Million in annual trading & posting consistent net profits yearly there still remains enormous identifiable growth opportunities.  Located across the harbour from the city of Newcastle, we are ideally situated to gain additional benefit from the city renewal that is currently taking place. The area is currently experiencing enormous growth with over 900 new homes and over 55 style accommodation being built.  This business can be operated by a couple but is also big enough to support two families working in partnership. Situated in the former Commonwealth bank building with working vault, cameras and back to base monitored security, you will also enjoy the security o

Situated in the main Stockton Shopping centre this is the only Newsagency with Licensed Post Office & Lottery agency in the area! Averaging $1.7 Million in annual trading & posting consistent net profits yearly there still remains enormous identifiable growth opportunities. 

Located across the harbour from the city of Newcastle, we are ideally situated to gain additional benefit from the city renewal that is currently taking place. The area is currently experiencing enormous growth with over 900 new homes and over 55 style accommodation being built. 

This business can be operated by a couple but is also big enough to support two families working in partnership. Situated in the former Commonwealth bank building with working vault, cameras and back to base monitored security, you will also enjoy the security of a 5x5x5 lease. 

The owners have run the business for eight years & would like to retire, however, as part of the package they will provide comprehensive training to inexperienced buyers & have a detailed management system in place which includes BAS preparation & bank reconciliation processes.

Should the in-coming purchasers wish to run the business at arms length we have extremely experienced & honest staff in place who are more than capable of running the business with two highly professional & experienced young ladies in the Newsagency area & a shared roster in the Post Office between three staff members who have all worked for Australia post in senior positions. 

Stockton is a beautiful coastal village surrounded by water with all that the city of Newcastle has to offer only a 10 min ferry ride away, a hidden gem, as well as beautiful easy to access beaches. Stockton also offers two schools, two clubs, three pubs, three doctors, a library, swimming pool, skate board ring, sailing club, netball, soccer, football, bowling clubs and much more.

Included in the main shopping area is a chemist, IGA, surf shop, numerous takeaway shops, hair dressers, pathology, three real estate agencies, bottle shop & as the area is flat it is quite possible to live without the need for a car.

There is also a newly built cemented bike/walking path that goes the entire way around the suburb hugging the water line & taking in the wide open spaces that make the suburb so enticing to live in.

If you are really looking for a great solid business in addition to a wonderful lifestyle then take the time to investigate this truly once in a lifetime opportunity,you won't be disappointed. 

The asking price is $200,000.00 plus stock after valuation,with the stock value currently around $60,000.00.

Please enquire for more details.

 

Property Detail

Property ID:

14657

Type:

Commercial

240
Address:

29 Mitchell Street Stockton NSW

Building Size:

n/am2

Car Parking:

yes

Contact The Owner

This property was sold
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