Price: $640,000
Property Type: Retail
Floor Area: 300 m2
Carports: 2
  • 2 directions_car

Iconic Main Street Longreach Building

Freehold Purchase
Currently leased for $600 per week
This freehold opportunity comes along very rarely in Longreach, and is one of only a very few substantial main street commercial properties to come on the market over the last decade. Longreach will grow over the short term, and there are no other options to secure prime main street real estate, with no new development land available and other commercial properties being very tightly held by a small number of owners.
The freehold building and the business is for sale on a walk in walk out basis and includes all current equipment. This main street building is one of the last remaining heritage properties in Longreach, of substantial concrete construction and imposing main street frontage. The property has side lane access from the main street, with wheel chair access for clients.
The coffee shop has been operating for 6 years and is fully equipped, has an approved commercial kitchen and has excellent indoor and outdoor dining areas, with appropriate furnishings for continued operation in its current form, or to add other aspects to the business.
The coffee shop provides significant cash flow throughout the year, with strong local following providing the base of income. During the tourism season, generally from April to October, the business is extremely busy, with many visitors returning year after year. In addition to the regular clientele and the tourism season custom, the business has advanced bookings until the end of 2016 with a high-profile tourism business, for lunches for their clients and with more bookings likely depending on their other bookings.
In addition to those elements, the current owners have trialled providing lunches, which has proved very popular, generally with a very limited menu and at reasonable cost. There is considerable potential to grow that part of the business, and to greatly increase the income generated.
The premises come with a two-bedroom residence upstairs, which could easily be converted to office and or storage space. There is an extra one toilet for public use down stairs (one upstairs), however, there is Council approval for another toilet down stairs should that be required and could installed without significant cost.
An 8kw solar power array is included in the sale price. This provides significant reductions in power costs, to the benefit of the new operator.
A full Stainless-steel kitchen is available for separate sale. This could be installed by the new operators, and includes stainless benches, new gas/electric stove (commercial grade) and high-volume dish washer.
An onsite studio area is contained in a colour bond shed (12m x 6m), only 3 years old with separate access available from Crow Lane.

Contact The Owner


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