53 Westminster Street Oakleigh VIC 3166

Phone enquiries - please call 1300 594 794 and quote property ID 39399.

This is a rare opportunity to be able to purchase this freehold commercial property with an established Engineering & Industrial Supplies wholesale and trade business.

THE FREEHOLD:
* RPD: LOT 1 SP21097
* Good location in the southern end of Westminster Street surrounded by other good industrial businesses.
* Solid brick building (approximately 300 sqm) with warehouse - fully fitted out for the Engineering & Industrial Supplies business
* Has skylights (4 panels)
* Two toilets - male & female
* Mezzanine floor (could have offices upstairs).
* Concrete base
* Power - 3 phrase
* High roller door - approximately 7 metres
* 2 customer car spaces + street parking
* Building is in good condition.

THE BUSINESS:
Well-established business operating successfully for 30+ years, supplying a vast range of products to wholesale and trade customers, generating a good turnover per annum with low overheads and strong net profits. It is a highly regarded ‘middle-man’ operation with no manufacturing required, supplying thousands of products including fasteners, nuts and bolts, lubricants, adhesives, abrasives, cutting tools, hand tools, safety equipment, batteries, electrical products, washroom supplies, paints and much more. The business stocks well-known brands such as Inox, Bostik, PFERD, Suttons and Capital, and services over 20 major customers along with more than 100 regular trade clients. All fixtures, fittings, forklift and equipment are included in the sale (full list available), with stock to be sold at valuation (approximately $1.5m but owner is happy to sell at cost price $1m for stock). Everything is in place, including established supplier relationships and a strong reputation built over decades.

This is a combined sale of a business and commercial property. The property alone is worth $1.3m plus. The business itself is a well known and trusted business which has a modest sale price. The stock at valuation would be around $1.5m (with good stock) but owner is prepared to go down to $1m.

Owner is also happy to sell the business only, however is placing this onto the market as an opportunity for those looking to own the freehold as well.

Enquire today to find out more.

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