Newsagency and Post Office
Westcourt l QLD
Ref: NR4068

Westcourt LPO, Suburb of Cairns in FNQ For Sale

The Westcourt LPO has been in the same ownership for nearly 20 years.

The Post Office: Trading in its current location for the past twenty five years and fitted out with fixtures and fittings to Australia Post requirements and specification. The shop is large with room to introduce other many other products. This shop has a strong and loyal local client base.

The Lease: Currently there is a 7-year lease in place commencing on the 08/09/2015 and Expires on the 08/09/2022.

The Business: Open Monday to Friday 8:30am – 5:00pm and Saturday 9:00are – 12 Noon. Equipped with one good size counter with three Epos machines, three bar scanners and three label printers. Currently there are 898 private post boxes installed with 584 occupied. When all boxes are let the income will increase by a minimum of $51,000 per annum. Perfect for a husband and wife team or for a family business.

Services Provided: Other products sold, apart from normal Post Office merchandise, cards, magnets, books and phones. Potential areas for improving the business would include more retail products for sale.

Opportunities: Introduce additional tourist type products; apply to Australia Post for new passport service. Working with children, promote 100 point ID – checks and photos.

The Location & Supporting Benefits: Cairns is located on the East coast of Cape York Peninsula on a coastal strip between the Coral Sea and the Great Dividing Range. In Westcourt, one of the city's oldest shopping centres has been refurbished, with the city's first DFO. The Westcourt LPO is located in this shopping centre, which has approximately 35 shops plus a Coles, chemist, newsagent, BWS and coffee shops.

In the 2011 Census the population of Westcourt was 3,907 and the total population of the area was 126,000.

Cairns is a regional city, encompassing small townships and is located about 1,390 kilometres from Brisbane. It is a popular travel destination for foreign tourists because of its tropical climate. It serves as a starting point for people wanting to visit the Great Barrier Reef and Far North Queensland.

In recent years Westcourt has seen an increase in new dwellings, particularly high density housing.

Net income approximately $150,000 + per annum

Price: $395,000 + S.A.V. question mark popup button
Marlow & Co
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Australian enquiry? Yes No

Broker : Linda Foran
Phone: 03 9885... (click to show)
Mobile: 0411 595... (click to show)
Fax: 03 9813... (click to show)
1st Floor, 261 - 267 High Street

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