Primary photo of 50 Durrell Street, Twillingate
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Food Services and Beverage For Sale

$1,500,000

MLS® Number: 1297089

Floor Area

11,990

50 Durrell Street, Twillingate, Newfoundland & Labrador

About This Property

RETAIL BUSINESS INVESTMENT IN THE HEART OF Tourism Central, Twillingate. Durrell One-Stop Limited (operating under the Stuckless Value Grocer) combines stable, essential-service cash flow with untapped real estate upside. Multi-dept. operation including groceries, dry goods, hardware, butcher, ice-cream/cakes made in house. The 11,990 Square Feet building sits on 6.70 acres of land. This long-standing business is being sold through an asset sale with owners planning towards retirement. Calling entrepreneurs who are looking to prosper in a lifestyle that offers deep community spirit and a closer setting to the traditional way of life. Grocery store business comes complete with refrigeration units (updated 2015), shelving, multiple fridges, walk-in freezer, warehouse in rear. Canada Post is a tenant of the building, providing increased foot traffic for retail sales. In addition to the business this site is perfectly positioned for a mixed-use conversion or a large-scale seniors' housing project to meet the region’s growing demographic needs. Attractive seller financing (VTB) may be available for a qualified purchaser.

Property Details

Interior Details

Flooring

Other, Concrete Slab

Heating

Baseboard heaters, Space Heater

Living Area

11990 sqft

Land & Location

Lot Size Dimensions

6.7 acres

Postal Code

A0G1Y0

Listing & Financials

Listing Office

Royal LePage Atlantic Homestead

Originating System Name

Newfoundland & Labrador Association of REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($300,000)
5.5%
25 Years

Estimated Monthly Payment

$7,369

Principal and interest only. Actual rates may vary.

Location & Map

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