Located in one of the hottest property markets of the Bay of Plenty, where residential homes are now averaging $1,500,000, this commercial investment offers an astute buyer long term security of value.
This spacious 956m2 property has an experienced tenant and new lease in place. With annual rental of $52,500 + GST and final expiry of the lease in 2042, if all rights are executed, this is a bottom draw investment in a prime location.
The property may offer some expansion of the licence in future, beyond the current 30 places (subject to Resource Consent and building expansion).
This bustling beachside village is a destination for people moving from Auckland, Waikato and Tauranga to enjoy the enviable lifestyle the location offers.
The vendors are not GST registered so the purchase price is inclusive of GST. This offers a GST registered purchaser the option to claim back $169,565 off the purchase price of $1,300,000 incl. GST ($1,130,434 net of GST).
Price $1,300,000 including GST
Call Linda Harley - 022 354 9189 today for more information.
For a confidential discussion, please complete our online confidentiality agreement.
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