North Shore Café. Amazing Site. ...

Auckland City

$395,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c29cv5

North Shore Café. Amazing Site. Exceptional Price!



Once upon a time this cafe; sold for over $1m!!

When the cafe; opened I thought it was the perfect set up. A very easy flow to outdoor areas, great seating choices, heaps of parking right outside and situated prominently above the main road.Perfect location$16,500 per week and it used to do around $30k not so long ago!Strong lease in place150 seatsGreat parking right on the doorstepArea with major residential growth

At $16,500 per week it is doing just "ok'. At $20k it would be doing really very well. Get it back to where it was and you will have tripled your investment!!

The cafe; is capable of doing much more business and so there is most certainly an "upside' for a good operator. There is significant capital gain to be made here.

Asking $395,000 plus stock

Reference: EL01532
Ref: EL01532
Timestamp: 20181116054527

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