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Licensed Popular Italian Restaurant -PLUS 2 level BUILDING FOR SALE-

Summary
Excellent long-standing eatery - 110 seats...Transferable Liquor License. Major operator in its field. Currently trading 5-9pm, 6 days weekly... Opportunity to expand to day trade & delivery service. HIGH EXPOSURE - The position of this building is in the commercial/retail precinct of the Wagga Wagga CBD, a regional hub with a population Nearing 70,000.

Revenue
$21,000 pw

Rent
$1,690 pw

Potential
Modernised Italian Eatery • Owner Operator Since 1992 • Trading Hours 4-5 hrs daily from 5pm to 9.30pm • Opportunity TO GROW & IMPROVE By Offering - Day trading Hours & Menu Log delivery service. • Ground level with council approved outdoor eating zone & awning covering 37sqm, grease trap set up, transferable liquor license, security system & move in convenience of an established eatery.

ENTIRE BUILDING also FOR SALE: $1,395,000
A RARE FIND… Circa 1920 - 2 level BUILDING - 4 Bed Residence. + Commercial RESTAURANT … DUAL INCOME OPTION.

Lease
- LONG LEASE AVAILABLE - Size: 427sqm - $1,690p/w
- UPPER LEVEL 4 Bed Apartment - 163sqm AVAILABLE TO LEASE- $395p/w

About the Business
A staple business within the Wagga Wagga Community active over the last 30 years is now looking for someone interested in seizing the opportunity.

Prime location on the main street of Wagga shopping district, close to major banks, hotels, motels & shopping centres. This licenced restaurant boasts seating capacity of 115 (including 22 al fresco), with custom made fully stocked redwood bar featuring decomissioned wine barrels in its design & decor to match throughout the restaurant.

• Modernised Italian Eatery
• Since 1992
• Ceramic tiles throughout
• Easily transferable liquor licence
• Long standing clientele
• Move in convenience buying an established restaurant
• Grease Traps set up
• Cool room
• Massive commercial kitchen with stainless steel appliance
• Modern Male / Female / Disable bathroom facilities
• Separate office
• 2 storage rooms
• Separate Alcohol room
• Manager parking at rear

Incorporating front reception, servery area with pizza oven, open plan dining & wine bar.

Kown for its reputation in serving quality meals it currently boasts a 5 star rating on it's Facebook page. Offering a wide menu variety & range of pizza. The restaurant is currently operating 5-9pm on Mondays through to Saturdays (closed on Sundays), so there's great opportunity to expand into day trading for coffee, lunch or partner with local online delivery services (Menulog, Ubereats etc.) to further revenue if desired.

Situated midway between Melbourne and Sydney, Wagga presents itself as a lively growing hub & has a growing population approaching 70,000 & is a major regional city on the Sturt & Olympic Highways (NSW's largest inland city), The medical sector is also an increasing contributor to the local economy enhanced by the recent completion of the new Wagga Wagga Base Hospital. Charles Sturt University, NSW Tafe Riverina campus, Army & Airforce bases are also contributing to the city's enrichment .

This restaurant is completely fitted out & in excellent condition.

IMPROVEMENTS TO THE BUILDING INCLUDE:
• New corrugated iron awning
• New gutters
• New roof

• Connected services: Electricity, Water Natural gas, Sewer
• Zoning: General Business 3a
• Land Area: 500sqm (approx.)

• Rear lane access

• fresh secure & LONG LEASE is on offer.

For Sale: $145,000 + stock
Proposed rental: $1,690p/w (incl GST)

Price$145,000
GSTunknown
SAVNo
CategoryFood/Hospitality - Restaurant
Rent/Lease$1,690 weekly
Outgoings IncludedYes
TakingsRevenue $21,000weekly


Property Overview

Property ID:

business1027

Location

16-18 Baylis Street WAGGA WAGGA, NSW

Features:

Contact Seller

Marya Stylli

Phone: 1300 862 385

Mobile: 0425 275 555

Contact seller