Only newsagent in township of Wellington, NSW, servicing a district population in excess of 10,000 people.
Two shops located in prime retail positions within the town. One shop premises is leased and the other shop premises is owned.
Both shops provide the usual newsagency lines including lotteries, magazines, newspapers, cards and stationery. Other lines of product include Darrell Lea, toys, gifts and music.
Wellington Newsagency also acts as an instore bank agency and Western Union agent.
Both stores are computerised with full point-of-sale.
Our Officesmart store operates from a newly renovated building which can be included in any sale. Also available is the partly renovated building next door which may be converted to residential accommodation.
Wellington is an historic country town nestled in a fertile valley at the foot of Mount Arthur on the banks of two rivers and has all the services of a thriving country town with a village atmosphere. Nearby Lake Burrendong offers water sport activities and fishing. The area has recently benefited from the opening of the new Wellington Correctional Facility and is also attracting other significant investment.
Turnover including lottery sales is over $2 million and maintainable earnings after adjustment for a normal working couple of $230,000 per annum.
Asking price for the combined newsagency/officesmart business:
Goodwill - $595,000
Plant, fixtures and vehicle - $90,000
Stock at valuation - estimate - $85,000
Asking price for buildings:
50-52 Maughan Street - $200,000
54 Maughan Street - $180,000
Can be purchased in one lot or split
Property Id: 45729
