Sold
Building and business ($1) must be sold at auction
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(no street name provided), Campbell ACT 2612

$850,000

BusinessSize: n/a

Auction - Unit 84, 'Siena' corner of Kalma Way and Pentland Street, Campbell ACT 2612.

Building and business ($1) must be sold at auction.

Property Information:

  • 84 sqm ground floor unit with the ability to build mezzanine level subject to building approval
  • Basement parking with one allocated car spot
  • High ceilings and a broad sun-drenched northerly aspect
  • 80% lending ratio to approved purchasers
  • Built-in 2020 with plenty of depreciation to claim
  • Rates: $4,947 Water and Sewage: $702
  • Body Corp:$870 per quarter

Business Information:

  • Currently a successful beauty salon (Alchemy Beauty Lab) - run under management
  • Annual turnover 2023 FY: $334,774
  • Gross profit 2023 FY: $292,241 (87%)
  • Owner's profit (PEBITDA) 2023 FY: $137,858
  • The total value of the fitout and business assets: $148,249.32
  • Wages excluding super in the $155,112 assisting those using the business skill migration pathway
  • Financial statements prepared by Capital Advisory

Auction Conditions:

  • Published reserve $880,000 - (based on independent valuation)
  • Business apportioned at $1 (including all assets)
  • Settlement on or before 60 days - buyers' right to exclusively determine
  • A 5% deposit accepted at auction with 10% at risk
  • Buyers are to nominate within seven days of exchange if they want the business at the predetermined value of ($1)
  • Active asset sale, so GST doesn't apply
  • Stamp duty exempt based on published reserve
  • Under instructions, pre-auction offers can't be entertained
  • Auction onsite - Sunday 24th March 12:00pm

Inspections and contact:Inspections are on Mondays by appointment. Call Frank Walmsley Auction Agent at 0400446605 or contact@auctionadvantage.com.au

 

Inspections

No open inspections scheduled.

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Property walkthrough

Key details

Property type:
Business

Other Details

Capital Commercial Business Sales
  • Capital Commercial Business Sales

    Capital Commercial Business Sales

  • Frank Walmsley

    Capital Commercial Business Sales

Property history

We couldn't find any history for this property.
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Campbell suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
29 years
Population
6,564
Listing ID: 182297642. This listing has been viewed 133 times. It was first displayed on 19/02/2024 and last updated on 13/05/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.