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79 Gilbert Street, LATROBE TAS, 7307

For Sale
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Property for Sale in 79 Gilbert Street, LATROBE TAS, 7307

Knight Frank Tasmania (Devonport)

48-54 Oldaker Street, Devonport, TAS 7310

Listing ID:
11400477
Status:
Active
For:
Sale
Last Updated:
05/03/2021
Price:
Contact Agent
Icon building

Property Type

Retail
Icon square

Land Area

2075 SQM
Icon size

Floor Area

473 SQM
Icon parking

Parking

N/A

Excellent IGA Opportunity - Going Concern

Knight Frank have been exclusively appointed by the Vendors of ‘Ritchie’s IGA X-Press‘ to sell their going concern for the first time in 27 years. During the last 27 years, the owners have progressively updated and modernised the store, its layout and plant/equipment. These efforts have resulted in continued growth in turnover.

Ritchie’s provides a superb opportunity to purchase a unique going concern which has established a very strong reputation with locals over many years. Ritchie's provides a wide range of traditional grocery lines, fruit and vegetables, including local produce, large deli, hot/cold lunches (including roasts), BBQ chickens, sandwich bar, discount cigarettes, mobile phones and recharge station, fresh popcorn and gardening section under the IGA banner. Provided financials indicate a solid level of sales, with an increasing trajectory and stable net profit.

The freehold property provides a car park and building with gross building area of some 473 sqm. The store comprises a ground floor retail area with a spacious upper level family residence. The property is well laid out and benefits from a significant level of fit out, plant and equipment.

For further details, please contact Knight Frank.

For more details, please email agent

Knight Frank Tasmania (Devonport)

48-54 Oldaker Street, Devonport, TAS 7310


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