FOR SALE
$120,000

6 Wade Street
Inverell NSW 2360

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 180m2
Land area: 730m2
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Well Systemised & Busy Takeaway Store

This great takeaway store is one of only two this side of town. Well located in a suburban strip mall this busy store enjoys a strong regular base of dedicated locals.
The current owners have built the business into a well systemised operation, making the day to day operations of the business streamlined and efficient for the incoming owner. They've added substantially to the businesses equipment and brought the business up to a well presented state. These improvements, along with the improved service has lead to a year on year increase in sales and bottom line despite COVID.
The business currently trades 6 days a week, offering the new owner the ability to expand the businesses trading hours. The business also does not capitalise on its approval to sell tobacco, offering great expansion opportunity to draw more customers into the shop, and further build on the lack of shops this side of town.
With a 3 bedroom apartment included in the rent, this business offers the new owner accommodation or the opportunity to rent our the apartment for $350 per week.
If you would like more information on this great opportunity, please contact Matthew Velcich (0437 015 018).

Property Details for 6 Wade St, Inverell

Building Type
Commercial
Floor Size
180m2
Land Size
730m2

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About Inverell 2360

The size of Inverell is approximately 208.6 square kilometres. It has 25 parks covering nearly 6.2% of total area. The population of Inverell in 2011 was 11,399 people. By 2016 the population was 11,682 showing a population growth of 2.5% in the area during that time. The predominant age group in Inverell is 0-9 years. Households in Inverell are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Inverell work in a labourer occupation. In 2011, 65.2% of the homes in Inverell were owner-occupied compared with 61.9% in 2016.

Inverell has 6,485 properties. Over the last 5 years, Houses in Inverell have seen a 70.60% increase in median value, while Units have seen a 42.36% increase. As at 30 September 2024:

  • The median value for Houses in Inverell is $367,985 while the median value for Units is $292,866.
  • Houses have a median rent of $380 while Units have a median rent of $300.
There are currently 105 properties listed for sale, and 33 properties listed for rent in Inverell on OnTheHouse. According to CoreLogic's data, 265 properties were sold in the past 12 months in Inverell.

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