FOR SALE
$75,000

1/23 Stocton Street
Nelson Bay NSW 2315

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 80m2
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Covet Couture - Independent Fashion Boutique in Nelson Bay

Phone enquiries - please quote property ID 32923.
Presenting an enticing opportunity to acquire COVET COUTURE, an esteemed independent women's fashion boutique with over a decade of successful operation. Nestled in the heart of the picturesque lifestyle and tourist hub of Nelson Bay, this boutique enjoys a stellar reputation among both local residents and visitors alike.
Strategically situated within the bustling Cinema Mall, directly opposite Woolworths, the boutique benefits from high foot traffic, ensuring excellent visibility and exposure. The location provides a prime platform for attracting a steady stream of customers, including both tourists and locals.
The business operates within leased premises, secured with a favourable 3+ year lease in place, with additional options available for extension. All financial records are meticulously maintained and up to date, offering transparency to potential buyers. With an impressive annual turnover exceeding $600,000, the business presents a lucrative investment opportunity.
The premises are very modern with timber floors and timber displays throughout. Included in the advertised price are the extensive stock and equipment valued at approximately $70,000 stock valued 50,000, providing a seamless transition for the new owner. Currently operating seven days a week, the business is efficiently managed with the owner's presence required only 3-4 days per week.
COVET COUTURE benefits from strong supplier relationships and presents ample opportunities for expansion and enhancement. Nelson Bay, renowned for its vibrant coastal charm, boasts a resident population of approximately 7,000 and attracts a significant influx of tourists year-round. From whale-watching excursions to charming cafes, restaurants, and boutique shopping experiences, the town offers a diverse array of attractions.
With its idyllic coastal setting and thriving tourism industry, Nelson Bay provides an exceptional backdrop for both business success and an enviable lifestyle. Don't miss this chance to acquire a well-established business in the lucrative fashion sector, poised for continued growth and prosperity
Selling because of the family health problem.This price only valid until 25 May
DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

Property Details for 1/23 Stocton Street, Nelson Bay

Building Type
Commercial
Floor Size
80m2

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About Nelson Bay 2315

The size of Nelson Bay is approximately 15.8 square kilometres. It has 24 parks covering nearly 56% of total area. The population of Nelson Bay in 2011 was 5,396 people. By 2016 the population was 5,811 showing a population growth of 7.7% in the area during that time. The predominant age group in Nelson Bay is 60-69 years. Households in Nelson Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nelson Bay work in a trades occupation. In 2011, 61.4% of the homes in Nelson Bay were owner-occupied compared with 63.6% in 2016.

Nelson Bay has 6,069 properties. Over the last 5 years, Houses in Nelson Bay have seen a 72.65% increase in median value, while Units have seen a 61.38% increase. As at 30 September 2024:

  • The median value for Houses in Nelson Bay is $1,083,955 while the median value for Units is $710,919.
  • Houses have a median rent of $580 while Units have a median rent of $500.
There are currently 72 properties listed for sale, and 12 properties listed for rent in Nelson bay on OnTheHouse. According to CoreLogic's data, 264 properties were sold in the past 12 months in Nelson bay.

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