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Canberra Profile

Average age: 31 years
Houses: 0.0%
Townhouses: 0.0%
Flats & units: 89.4%
Other: 10.6%
Population: 722
     

Inner South Licensed Post Office And Newsagency, Canberra

$249,950

Inner South Licensed Post Office and Newsagency

Decide your own destiny

With this Inner South post office and news agency

Looking for a new business venture? Look no further. This one boasts very stable finances supported by multiple income streams which have proven resilient to the recent economic crisis. Feel secure in the reliable performance of your investment and your livelihood.

The business is centrally located in an established Canberra suburb with a great sense of community (and loyalty to you). You'll feel like you've moved to the country without losing the conveniences of city living!

The owners are sad to sell after 27 years, but are ready for the next stage of life. New commercial zoning in the area allows the potential for physical and financial expansion of business operations in the future. Australia Post operations in particular offer a promising prospect for development.

The two current owners are responsible for newspaper deliveries, retail operations and administration – one working full-time, the other part-time.  

Snapshot:

  • Sales: $473,475
  • Gross Profits of 35.28%
  • Operating Profit $120,466
  • Annual Rent of 25,740 (inc. GST) for 61.8 square meters
  • Open 7 days (five full days and two half days)

Income streams:

  • Trading (52.34%)
  • Lottery commissions (15.87%)
  • Bus ticket commissions (1.8%)
  • Australia Post commissions (29.99%)

Asking $249,950 + SAV
Stock approx. $50,000

If you are interested in this business, please use the ‘enquire’ form on this webpage or alternatively register your interest via email to sales@capitalcommercial.com.au – our friendly sales team will be more than happy to provide a detailed business dossier containing financial and operational information for this business. Email is the best avenue to guarantee a timely response, however we are also contactable by telephone on 02 6253 4664.


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Agent Details

Capital Commercial Business Sales

P: 02 6253 4664
F: 02 6253 4665
E: sales@capitalcommercial.com.au

Suite E1, 1 Hall Street Lyneham ACT 2602
www.capitalcommercial.com.au

Capital Commercial Canberra Pty Ltd
Licensed Agent
View all sales listings for this agency

What do I need to purchase this property?

Initial Requirements (assuming sale price of $249,950)

Stamp duty $7,500
Legal fees1 $1,500
Loan application fees2 $655
Minimum deposit (10%)2 $24,995
  Total initial payment:   $34,650

Monthly Repayments (assuming deposit of $24,995 and sale price of $249,950)2

Loan repayments on $224,955 borrowed at 6.95% over 30 years.

(Principal and Interest) Loan Repayment:   $1,489 per month

Notes

  1. 1Legal fees are estimated and will vary from firm to firm.
  2. 2Includes application fee, mortgage legals and valuation for standard residential ACT property. Additional Land Titles Office fees are applicable for the registration and transfer of mortgage. The calculation given above is an example estimate only and may not correspond with what is commercially available.

Listing Age and Views

This listing was first displayed on 12/8/11, last updated on 19/3/12, and has been viewed 1833 times. Please note the counter is not updated immediately.

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