$620,000 + SAV ($200,000 approx.)
IGA Novar Gardens is a well-presented independent supermarket in a high-exposure location, serving its customer base with a wide range of grocery essentials, fresh produce, and specialty items, along with a tobacco licence. Operating since 1984 and under the same ownership since 1993, it has earned a solid reputation within the local community for convenience, friendly service, and a dependable product range.
Open 7 days a week from 8:00am to 8:00pm, the supermarket offers consistent access for nearby residents. It is operated by a team of 12 casual staff who handle all aspects of the store, including grocery, fresh produce, and customer service.
Occupying a prominent position on Morphett Road, the store attracts both regular local shoppers and passing traffic. The supermarket stocks a comprehensive selection of supermarket goods, including general groceries, fresh fruit and vegetables, dairy, frozen foods, deli items, and locally sourced products. Additional offerings include fresh flowers and ready-to-eat meals, catering to the needs of busy households.
Throughout its history, IGA Novar Gardens has maintained a strong local presence over the years, with a focus on personalised service and community engagement. Its reliable trading hours, experienced staff, and loyal customer base support its continued success and operational stability.
Eunice Tan 0435 383 398 | Tony Iasiello 0412 217 608
Eunice Tan 0435 383 398
Goodwill including Plant & Equipment | $620,000 |
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Stock at valuation (approx) | $200,000 |
$820,000 |
Lease Term | 10 years |
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Lease Expiration | 30th September 2034 |