Retail - Newsagency business for sale in South Perth

NAI Harcourts Metro is pleased to bring to the market this long established and successful South Perth located Newsagency and lotto business.

The Business :
Currently operating under the care of a husband and wife team the business offers further growth opportunities that are available to the new owner.
A long term term lease expiring February 2034 is also in place, to allow planning to grow the business.

The Shop currently offers :
• Lotterywest
• greeting cards, wrap, ribbons and bows
• newspapers, magazines and books
• dry cleaning
• Transperth smart rider cards & topups
• Bluesyft, Fedex, Team Global (Toll) parcel point, sodaking, coinspot, neds, lottery office, etc.
Other potential services such as printing and digital services, stationery and school accessories could also be considered.

Location :
Situated in the affluent suburb of South Perth with established clientele and located between the Ferry terminal and the Perth Zoo and just minutes away from the Perth CBD. This vibrant neighbourhood hub on leafy Mends Street offers a mix of interesting shops, cafes, restaurants and bars, alongside colourful street art.
Accessibility is easy via Mends Street and Labouchere Road and others, lining all the neighbouring suburbs of Como, Kensington and Victoria Park.
The iconic South Perth foreshore hosts many various events through the year plus the famous views are what attracts visitors to the heart of South Perth.

The Shop:
Located in the Mends Street Shopping Arcade with the front entrance is located directly in the centre of Mends Street and the pedestrian crossing providing great street exposure for the business. Furthermore very competitive rent and long term lease is on offer as well as private parking bays.
Currently operating hours are:
Monday to Friday - 7:00am to 5:30pm
Saturday - 7:00am to 5:00pm
Sunday - 8:00am to 12:00noon

Future Development and Population Growth:
Finbar's Civic Heart apartment development is due for completion in June 2024 and it Perth's biggest apartment development with an estimated end value of $440M. It consists of 309 residential apartments, of which, 253 have already been sold.
It is also proposed to construct a further 4 high rise apartment blocks in the vicinity of Mends Street, which will result in an additional 2,500 residential units.
Mends Street News and Supplies is located in the centre of all these developments.

Unique Opportunity :
Business opportunities of this type are rare, so if you have the drive and energy this business is for you.

Please contact Tony Romano on 0407 388 139 or Sheila Rejek on 0422 888 323 for further information today!