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Niddrie VIC 3042

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***URGENT SALE*** LONG STANDING FRUIT & VEG SHOP IN PRIME LOCATION

Phone enquiries - please quote property ID 33626.
Discover a long-standing and reputable business offering diverse products, including fruits, vegetables, herbs, spices, nuts, dairy products, and assorted bread. Situated on Keilor Road in Niddrie, this business occupies a strategic position in a bustling commercial area, surrounded by restaurants, cafes, and other retail shops. Experience high foot traffic daily, ensuring consistent customer flow.
Here's why this opportunity stands out:
Little Competition: Enjoy a competitive edge as one of the largest suppliers in the area, catering to both individual customers and some restaurants.
Prime Location: Great visibility and high foot traffic, in the central hub of Niddrie.
Long Lease: Secure your investment with a lease extending up to 15 years, at affordable rent (commenced in November 2020).
Fully Equipped Premises: Utilise the 250 sqm commercial space, complete with retail shop area, office, storeroom, preparation area, cool room, and staff room. Ample space for current operations and future expansion.
Almost under management, the business maintains impressive gross weekly sales, however, it would be more profitable if run by 2 or more owners, or ideally suiting a family business.
Included Assets: Benefit from essential equipment such as display refrigerators, retail shelving, forklift, Isuzu truck, fruit juicer and POS system, facilitating a seamless transition.
Growth Potential: Unlock new avenues for expansion by introducing complementary services like a deli section offering sandwiches and lunches for nearby businesses. Expand your reach by supplying to a wider range of restaurants and local enterprises. Additionally, consider venturing into catering services to tap into new markets. With ample space within the premises and a bustling shopping and business hub at your doorstep, seizing these opportunities will not only bolster revenue streams but also maximise the advantages of your prime location.
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Property Details for Contact Agent For Address, Niddrie

Building Type
Commercial

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About Niddrie 3042

The size of Niddrie is approximately 1.9 square kilometres. It has 10 parks covering nearly 5.5% of total area. The population of Niddrie in 2011 was 4,874 people. By 2016 the population was 5,455 showing a population growth of 11.9% in the area during that time. The predominant age group in Niddrie is 40-49 years. Households in Niddrie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Niddrie work in a professional occupation. In 2011, 76.2% of the homes in Niddrie were owner-occupied compared with 73% in 2016.

Niddrie has 3,133 properties. Over the last 5 years, Houses in Niddrie have seen a 15.54% increase in median value, while Units have seen a 7.09% increase. As at 31 October 2024:

  • The median value for Houses in Niddrie is $1,188,741 while the median value for Units is $728,804.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 19 properties listed for sale, and 8 properties listed for rent in Niddrie on OnTheHouse. According to CoreLogic's data, 147 properties were sold in the past 12 months in Niddrie.

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