FOR SALE
$89,900 + SAV

13/46 Riverside Drive
Mayfield West NSW 2304

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Successful Catering Business with Existing Clientele - Newcastle & Hunter Region

This well-established and highly regarded corporate catering business offers an array of platter boxes along with grazing tables specifically designed for private functions and regular corporate clients.
The kitchen and office is ideally located in the new commercial hub of Mayfield's "Steel River" Industrial estate (providing easy access to Newcastle CBD, Port Stephens and the Hunter Valley Vineyards). The space consists of an 81 sqm warehouse which includes a commercial kitchen space with commercial grade food preparation area (cold food only, no hot food options) and plenty of storage. The premises also includes a toilet, shower and hand wash basin. There is an additional mezzanine area offering more storage and office space. The warehouse is in a secure gated complex with secure alarm systems and includes 2 car spaces as well ample parking options on riverside drive.
Other features of the business include:
* 81 sqm warehouse with excellent and spacious commercial kitchen and commercial grade food preparation area and plenty of storage
* No cooking experience or chef trade required with full training provided by the current owners. Current catering options are simple, easy to prepare using quality produce from local wholesalers. A full step by step ordering and food preparation manual from start to finish will be provided by the current owners.
* Option to secure a long lease with landlord (potential 5 x 5 or 3 x 3-year lease)
* Plant and Equipment & Business Set Up Value - Approximate value of $50,000 (fully owned)
This secure business continues to show year on year growth, it has nearly tripled the sales income within the last 3-years.
Catering Businesses like this are rarely available and we STRONGLY RECOMMEND any genuine buyers to ACT QUICKLY!!
A GOLDEN OPPORTUNITY AND ONE NOT TO BE MISSED!!

Property Details for 13/46 Riverside Dr, Mayfield West

Building Type
Commercial

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About Mayfield West 2304

The size of Mayfield West is approximately 2.5 square kilometres. It has 8 parks covering nearly 8.3% of total area. The population of Mayfield West in 2011 was 1,770 people. By 2016 the population was 1,896 showing a population growth of 7.1% in the area during that time. The predominant age group in Mayfield West is 20-29 years. Households in Mayfield West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mayfield West work in a professional occupation. In 2011, 62.3% of the homes in Mayfield West were owner-occupied compared with 58% in 2016.

Mayfield West has 1,552 properties. Over the last 5 years, Houses in Mayfield West have seen a 76.92% increase in median value, while Units have seen a 52.74% increase. As at 31 October 2024:

  • The median value for Houses in Mayfield West is $859,774 while the median value for Units is $592,195.
  • Houses have a median rent of $590 while Units have a median rent of $470.
There are currently 4 properties listed for sale, and 3 properties listed for rent in Mayfield west on OnTheHouse. According to CoreLogic's data, 78 properties were sold in the past 12 months in Mayfield west.

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Brad Wallace
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Raine & Horne Newcastle
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