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Long Established Retail Newsagency plus Large Residence

$450,000

Kingston Se, South Australia

Long Established Retail Newsagency plus Large Residence

Showing an impressive 24% increase in turnover in the last financial year, this is a standout business opportunity for a buyer seeking to combine income and lifestyle.

This prime retail business plus large residence is in Kingston SE, a friendly family town located on the shores of Lacepede Bay, 300km from Adelaide and 44km from Robe. Boasting great shops, sports facilities, pubs, an 18-hole golf course and an excellent school, the town's main industries are tourism, fishing, winemaking and farming.

On offer here is a long established newsagency, with a very large retail sales area, expanded over the last 12 months to stock stationary supplies. The premises include an office and storeroom, with a private entrance to the residence from the shop.

The only newsagency in town, the business incorporates a Bendigo Bank agency, and currently supplies 2 supermarkets, 2 service stations, the caravan park and the hospital with daily papers and magazines. The Bendigo Bank Agency is subject to approval for transfer and staff criminal history checks.

The house is delightful, a solid, period design home featuring Mt Gambier stone and high ceilings, and boasting 3 spacious bedrooms. A long, wide entrance hall opens to the main street via a lovely leadlight glass front door.

Sitting with the shop on a 967.75sqm block, the house comprises a renovated kitchen with a new stove and dishwasher; a lovely light dining area; large central living room, with timber panelled ceiling and wood combustion heater; large tiled bathroom, and laundry with separate toilet.

Extra features:
- Large rear garden with private driveway and 2 car undercover parking
- New 4m by 3m shed with cement floor plus 10,000lt rainwater tank
- 10kva solar panels plus new solar HWS installed in last 12 months

Only being sold due to ill health, this is an excellent family business in a lovely waterside location, with everything included for a good income and enviable lifestyle.

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Last updated: 8th October 2016

Summary

Property Type
Business
Contract Type
For Sale
Location
 Kingston Se
State
 South Australia
Price
$450,000
Category
  • Newsagency/Tatts

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Agency

Coast to Coast Media

Contact

Coast to Coast  Media

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