Successful business, prominent location and residential land in the heart of Moruya, what more could you ask for?
Located in a highly desirable area, this property boasts dual frontage along Hawdon and Queen Street, presenting ample subdivision potential with its expansive 4074 sqm of R2 low-density residential land. Additionally, the property holds existing usage rights for storage, allowing for a versatile mix of residential and commercial possibilities.
This successful and well-known business, Moruya Budget Storage, is attached to the property and has been a profitable and well-thought-out business for over 25 years. Perfect for those considering a semi-retirement venture with minimal stress, managing the existing storage business with an option to develop or subdivide the rear 1650 sqm block into several properties - a viable option and investment.
A distinctive feature is the vintage 1965 circa Industrial factory shed, equipped with 3-phase power, an office, a shower, a toilet, and approximately 763 sqm of floor space.
Given the current housing shortage in the local area, this presents an excellent opportunity for developers to subdivide the entire 4074 sqm block into smaller lots or explore the potential for an over-55s village.
Price guide :
Storage block plus business $2,600,000 approx 2550 sqm
Residential Block $800,000 - $850,000 approx 1650 sqm
Business and complete block $3,300,000 - $3,600,000 approx 4074sqm
- No more lifting and carrying
- No more staffing problems
- Just 10 to 15 hours per week to run
- Easy to manage
- No support staff required
- Strong cash flow from day one without all the issues of a bigger business
The property's prime location, in close proximity to Moruya CBD, Moruya River, the hospital, sporting grounds, local clubs, and coffee shops, adds to its appeal. For further details, please feel free to contact me for a fact sheet.
Disclaimer: All information contained herein is obtained from property owners or third-party sources which we believe are reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested person/s should rely on their own enquiries.
** Furthermore, please note Michelle Cottington Property is not selling the business; this is an option for the owner to discuss in confidence.
