Iconic Art Deco twin cinema

Freehold & business $2,145,000

Web ID: S3125

Business Description

- Victa Cinema -

  • Established in 1924 - old world charm with modern comforts
  • Two cinemas, both cinemas have been upgraded in recent years with comfy seats & 2k digital projection
  • 3D equipment was installed in Cinema 2, proving very popular with patrons
  • Business showing consistent sales over many years
  • Most profitable business showing an impressive 40% return on owner's investment
  • The freehold consists of a beautiful art deco building of some 658sqm
  • Vendors purchased the business in 2005 and have improved the business and property during that time, they are now looking to retire
 

 

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $680,000
Stock at valuation (approx) $15,000
Freehold Property $1,450,000
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$2,145,000


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Freehold Summary

Certificate of Title Volume 5309 Folio 930
Certificate of Title Volume 5309 Folio 931
Zoning Town Centre
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