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ATTRACTIVE WATERFRONT BUSINESS IN ILUKA

$135,000 W.I.W.O NEG.

 

MAJOR PRICE REDUCTION / URGENT SALE

Situated right on the Clarence River where the ferry from Yamba pulls in, this very productive café, offers those looking for self-employment a great opportunity.
Views from the café, both inside and outside where seating is offered, are not short of being exceptional, where patrons can enjoy a quality meal while gazing across the river all the way to Yamba. This is the only waterfront café in Iluka.
Comfortably seating around 40 patrons and in a prime location this business is being sold on a Walk In, Walk Out basis. A comprehensive list of plant and equipment is available to intending purchasers (all equipment is owned and in good order).
The property has a registered lease agreement in place for a further 5 years and 6 months. A rental increase of around $720 per annum plus GST applies. Current rental in 2018 is $9,348 plus GST or $180/week plus GST.
Current turnover of around $151,000 per annum nets the owner around $50,000 after costs. Figures available to interested parties.
The current real estate market is buoyant in this attractive town with it’s noted National Parks, beaches and fishing spots, and looks to remain so with the soon to be completed highway, from Woolgoolga to Ballina. Approximately 50 minutes to Ballina jet airport, 20 minutes to Maclean with hospital and Council facilities, and of course a quick trip across the river by ferry, to Yamba.
Would ideally suit younger couple with some culinary experience. The current owner runs this on her own, and she has young school children as well.
Please contact Ian Dunbar on 0414 949... or our head office in Yamba on (02) 66 462 400 for further information or inspection.

2A Charles Street, Iluka 2466

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