Leading Sydney commercial real estate agency Next Commercial has proudly released the Frank Spice Enterprise portfolio to the market.
These three regional investments delivering a high-performance return are located at Parkes and Forbes, in regional NSW.
The sale will be via expressions of interest to Next Commercial due by Thursday, 31 July.
With a long-standing history in the region that started 62 years ago in Forbes by brothers Frank and Ron Spice, the company supplies small farm engine vehicles, motor vehicles and motorcycles, plus pool equipment and chemicals.
It was not long before the company grew and became the leading small engine supplier in the Central West.
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As volume and productivity increased, the company established another business in Parkes only a 30 minute drive away, comprising of the same services.
The property assets in Forbes, occupies a substantial 10,402.60sqm site showcasing a dealership of Nissan vehicles, Honda motorcycles, plus Club Cadet and Ferris mowers.
It is a standout, modern showroom with a 40m frontage to the Newell Highway, one of NSW’s major transport corridors.
Nestled in the middle of the properties is the town's favourite workers' watering hole, The Globe Hotel, a pub frequently visited by locals alike.
The location neighbours national brands such as Ampol, BP, McDonald’s, JCB Machinery and Forbes Toyota.
The Forbes properties are a combination of five lots collectively, one of these blocks of land is located across the road directly neighbouring Ampol and adjacent McDonald's, and ideally suited to a future QSR fast-food outlet (STCA).
The property in Parkes located at 19 Saleyards Road is part of the Frank Spice business and has a land size of 1318.5sqm.
It sells and services Yamaha, Honda, Ferris and Cub Cadet, plus small farm equipment including pumps and pool service equipment.
An integral component of the overall dealership operations, it is also used for storage, vehicle detailing and deliveries for the overall business.
"The purchase of the Frank Spice brand and property assets in Forbes and Parkes provides an incredible opportunity to be part of history and own a strong wholesome family business where owners have done the hard work and created an established brand and business in two prime locations in the NSW Central West," said director at Next Commercial Anthony Bray.
"Frank Spice Enterprise is recognised as one of regional NSW’s most enduring and successful family businesses."
The Spice Portfolio is being sold all in one line by expressions of interest closing on Thursday, 31 July.
For more information or a tour of the properties, please contact selling agents: Director Anthony Bray on 0419 322 233 or senior sales associate Ryan Cross on 0402 147 124.
