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130 Wee Waa Street, Boggabri, NSW 2382

$520,000

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9.2 % GROSS RETURN - LUCRATIVE INVESTMENT OPPORTUNITY

located on the Kamilaroi Highway near substantial mining operations, this is a modern, fully developed café & commercial bakery with ample space to grow. • This is a popular truck stop, with ample truck parking. • Large 1,349sqm fully fenced block that has rear lane access & space to add a drive-through business if desired. • The building has had substantial renovations with the addition of a commercial kitchen/bakery in 2015. • It provides an outdoor covered dining area, side patio and wheelchair access. • Indoor dining room with a bathroom, reverse cycle air conditioning, service counter, commercial kitchen with industrial ovens, stainless steel benches, display fridges and 4 x cool rooms. • With an 8.2% net return and a new 5-year lease (with the option to renew for another 5 years) signed at $820.00 per week plus CPI increases & outgoings (excluding insurance) this is very lucrative investment for the astute investor. The area is currently experiencing strategic growth, backed by a strong economic forecast, and approved large-scale projects such as several large-scale mines in the area as well as the approval for the natural gas plant and Narrabri Inland Rail. Itinerant workers traveling from Gunnedah, Narrabri, Manilla, Tamworth & surrounds are currently utilizing the building for staff training and catering services as well as general meals & crib meals. (Inventory list can be provided)

First listed on 05 March, this property has been on Realty for 65 days. There are currently 6 properties for sale in BOGGABRI.

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Land Area: 1349 m2
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