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PREMIUM CARWASH INVESTMENT

AUCTION
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1 - 3 Out Street, Tamworth NSW 2340

 

  • Renewed 3 year lease 

  • Modern cafeteria open (6) days

  • Annual net income $47,000* (+GST)

 

1-3 Out Street, Tamworth is ideally located within a cul-de-sac neighbouring Autobarn Tamworth. 

 

Purpose built approximately (10) years ago, Pendys Sips N Suds is ideally located next to Autobarn. 

The property is an amalgamation over two separate titles and was newly developed in 2004 under a specific design and construction brief, delivering a fully operational car & truck wash enterprise. In 2023, Pendys Sips N Suds signed a new lease and operate a very successful business, highlighted by the never ending stream of local customers seeking first class hand wash and detailing services.

 

Customer access is direct onto Out Street via twin entry points. The entire site is secure with a black powder coated security fencing plus double hinged gates affixed at both entry points.

 

Key Investment Highlights 

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  • Brand-new registered 3 year lease commencing 1 January, 2023

  • Fully operational hand wash car wash designed to cater to multiple motor vehicles, including one designated fully covered truck wash and detailing bay

  • Modern cafeteria open (6) days, fully serviced promoting bi-fold doors opening on an outdoor garden setting affording customers to enjoy a coffee and snack while awaiting their car or truck to be cleaned and detailed.

  • 3% fixed annual increases for the term of lease. (Year 3)

  • Annual net income $47,000* (+GST)

 

FOR SALE VIA PUBLIC AUCTION  - Tuesday 21 November 2023 at AuctionWorks, 50 Margaret Street, Sydney commencing 10:30am.

 

Note: Both 143-145 Bridge Street, Tamworth & 1-3 Out Street, Tamworth will be offered together in one line, then if not sold, offered separately.)

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Contact Agents


For further information and inspections please contact the exclusive selling agents:

 

Anthony Bray

Partner

Next Commercial

mobile: 0419 322 233

anthony.bray@nextcommercial.com.au

 

Ryan Cross

Senior Associate

Next Commercial

Mobile: 0402 147 124

ryan.cross@nextcommercial.com.au

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* (approximate)

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