Crystal Clean Investment Opportunity

Sale Details

Sold on 02 May 2023

Description

POINT OF INTEREST:
An investment opportunity like no other.
For years, the local community of Coburg North has been enjoying the benefits of this well known car wash and café and now property investors can too. This exceptional corner property offers an uninterpreted dual street frontage, dual driveway access and located within a site offering more than 70 metres of frontage to Newlands Road.
Operating uninterrupted since 2010 "Get Fed Get Washed " is an established, 5-bay self-service Car Wash, Dog Wash and on-site Café serving Breakfast and Lunch 7 days a week. With a 4.5 star Google review rating, the business is in a popular, central location, not to mention the great place to grab a quick coffee.

Property particulars:
- Total land area on title 1,332m2* plus common roads
- Café building area 136m2* plus additional 1st floor office area
- 5 Bay Car Wash capacity plus pump-room
- Ancillary vacuum bays, change coin dispenser and dog wash facilities.
- Corner exposure to both Newlands Road and Dairy Drive
- Valuable Landlord owned car wash and café equipment infrastructure

Investment particulars
- Leased to SS trading Group Pty Ltd trading as Get Fed Get Washed
- Annual rental $72,000.00 per annum + outgoings per lease
- New 3 year lease commencing October 2022
- 5 further options of 3 years
- 3% annual increases
- Security bond and Director guarantees


POINT OF VIEW:
With over 10,000 vehicles* passing daily, Newlands Road Coburg North is well regarded as an important major thoroughfare linking Bell Street, Coburg, Tullamarine freeway, Mahoney's Road, Thomastown and the M80 Ring Road which makes this strategic investment hard to drive by.

*Approx.
Pricing excludes GST