FOR SALE
$450,000 + SAV

70 Tenterfield Street
Deepwater NSW 2371

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 690m2
Land area: 1000m2
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Largest Grocer in Town

The perfect lifestyle business.
This well established business carries not just the name of Foodworks, but also the purchasing power of the group, minimising your business costs.
Running since 1946 (under a different name), this business boats a busy & regular clientele and showed increased sales during COVID.
Also operating as an Elgas agent, this business has a wide range that makes it a hub for locals. However there is room to grow the fresh produce section if a new owner wanted to expand.
Additional to the service coolrooms, the building features 2 cool rooms & 2 freezers, with the ability to drop a pallet directly in making unpacking easier.
The building also features a 110kw backup generator & 20kw solar system. The solar system reduces the buildings electricity bill by 20%.
Freehold property is also available for those interested. Listed price is the for leasehold business.
For more information, please contact Matthew (0437 015 018)

Property Details for 70 Tenterfield St, Deepwater

Building Type
Commercial
Floor Size
690m2
Land Size
1000m2

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About Deepwater 2371

The size of Deepwater is approximately 506.3 square kilometres. It has 8 parks covering nearly 10.4% of total area. The population of Deepwater in 2011 was 319 people. By 2016 the population was 449 showing a population growth of 40.8% in the area during that time. The predominant age group in Deepwater is 60-69 years. Households in Deepwater are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Deepwater work in a managers occupation. In 2011, 76.4% of the homes in Deepwater were owner-occupied compared with 75.5% in 2016.

Deepwater has 427 properties. Over the last 5 years, Houses in Deepwater have seen a 108.87% increase in median value. As at 30 September 2024:

  • The median value for Houses in Deepwater is $279,201.
  • Houses have a median rent of $210.
There are currently 16 properties listed for sale, and 2 properties listed for rent in Deepwater on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Deepwater.

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Matthew Velcich
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