8/19 Tribute Street WShelley WA 6148
Property Details for 8/19 Tribute St W, Shelley
Last Listing description (July 2024)
A Rare Opportunity to Purchase one of Perth's Best Cafes + Freehold Commercial Property!
It's not often one of Perth's most reputable brunch cafes becomes available for purchase. This cafe is well known not only across Perth, but also across Australia & even abroad!
Why deal with ever-increasing rents and greedy landlords when you can control your own destiny by way of a bluechip commercial property investment? Structure your lease however you prefer, as you'll own both the business & the freehold!
About the Business:
- Average $36k+ (excl. GST) weekly turnover
- Approx. 13.5% yield p.a. when considering business profit (under management) plus rent paid to owner
- 7 days per week of trade
- Cult-like following from local community
- A 'destination' cafe
- Lucrative earnings
- Strategic suburban location
- Massive potential for immediate revenue growth
- Extremely well run under management
- Quality fit-out & infrastructure
- Well documented processes
- Stock value approx. $15k
About the Property:
- 238m2 of strata area
- 2017 build
- Large alfresco area
- Plenty of street parking
- Attractive yield with ability to sustainably increase this
Outgoings/Rates & Fees:
Council Rates: $4,131
Water Rates: $2,632
Strata Fees: $3,834
Total: $10,597pa
This model suits a variety of involvement appetites, including owner operator, partnership or continue to run under management.
Simply put, this is an opportunity not to be missed.
Please reach out for further details. Note: Confidentiality agreement to be signed prior to Business Sale Prospectus being provided.
Property History for 8/19 Tribute St W, Shelley, WA 6148
- 17 May 2024Sold for $1,180,000
- 28 Feb 2024Listed for Sale SOLD
- 24 May 2021Sold for $840,000
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About Shelley 6148
The size of Shelley is approximately 2.1 square kilometres. It has 13 parks covering nearly 13.1% of total area. The population of Shelley in 2011 was 4,380 people. By 2016 the population was 4,519 showing a population growth of 3.2% in the area during that time. The predominant age group in Shelley is 10-19 years. Households in Shelley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Shelley work in a professional occupation. In 2011, 70% of the homes in Shelley were owner-occupied compared with 72% in 2016.
Shelley has 2,278 properties.
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