79 Gilbert Street, 79 Gilbert Street,
Latrobe, TAS 7307

Knight Frank have been exclusively appointed by the Vendors of ‘Ritchie’s IGA X-Press‘ to sell their business and freehold property for the first time in 27 years. During the last 27 years, the owners have progressively updated and modernised the store, its layout and plant/equipment. These efforts have resulted in continued growth in turnover.

Ritchie’s provides a superb opportunity to purchase a unique business which has established a very strong reputation with locals over many years. Ritchie's provides a wide range of traditional grocery lines, fruit and vegetables, including local produce, large deli, hot/cold lunches (including roasts), BBQ chickens, sandwich bar, discount cigarettes, mobile phones and recharge station, fresh popcorn and gardening section under the IGA banner. Provided financials indicate a solid level of sales, with an increasing trajectory and stable net profit.

The freehold property provides a car park and building with gross building area of some 473 sqm. The store comprises a ground floor retail area with a spacious upper level family residence. The property is well laid out and benefits from a significant level of fit out, plant and equipment.

For further details, please contact Knight Frank.