For Sale $835,000
Nino Ruscitti

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Marlow & Co
261 High St,
Ashburton, VIC 3147

Retail for sale

VIC

For Sale $835,000

Business Details

Post Office- Tatts- Sub News - 6 Days NEW

Approximately 10km North east of Melbourne – Very handy to the Eastern Freeway

The Shop: The premises are very spacious, bright and there is room to incorporate additional stock lines. The premises are purpose built for a Post Office/Retail Operation in addition the Tattersall’s side of the business has a state of the art completed July 2016 shop refit to latest requirements by Tattersall’s Sweeps Pty Ltd. The business has been in this location for many years.

The Business: Open Monday to Friday 8-6 Saturday 8-6pm, closed Sunday. 2 Terminal Licensed Post Office, 1 Terminal Tattersall's. This unique business is located on a busy, prominent corner position on a main thoroughfare, with a constant flow of both pedestrian and vehicular traffic including good public transport. Over the past few years there have been several new office/commercial developments along the busy street which has brought in new, small to large businesses. The local residents patronising this business are predominantly professional/business people on high incomes and also wealthy retirees.

Services Provided: This Licensed Post Office provides all normal Australia Post Services including. Western Union money Transfer and 100 (one) point ID – check and photos. There are 392 private post boxes installed all occupied. There is ample room to install further boxes. In addition there is Tattersall's and Sub-Newsagency plus other services. The income is very secure and stable, increasing annually.

The Location & Supporting Benefits: Located in the North Eastern Suburbs, the business enjoys direct access to Melbourne via, freeways and excellent roads, plus there are other benefits such as hospitals, universities, sought after schools, other major shopping centres. In addition there are many other facilities, with a large catchment of people patronizing the complex. This Village is a delightful hidden shopping strip, providing a unique and welcoming experience for locals and visitors alike. Set among historic architectural sites, the village boasts unique attributes including quality boutique retail establishments, delightful cafes and restaurants, plus health, beauty and professional services.
This Licensed Post Office, Tattersall’s and Sub-News Outlet represents an excellent opportunity to invest in a monopoly type business that is showing strong and continuous growth, particularly in the areas of banking and agency work. Growth and profitability is expected to continue.

Net income approximately $230,000 + per annum

Summary »

  • Business Category: Retail
  • Business Sub Category: Post Offices
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Marlow & Co
261 High St,
Ashburton, VIC 3147

Phone: 03 9885 3088
Fax: 03 9813 8342

Nino Ruscitti
Phone: 0398853088

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