Linda Harley SOLD Childcare Freehold Property Invesment - Bay of Plenty $1,300,000 inc GST
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 956 sq metre 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 license 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)
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Asking Price $1,300,000 incl GST .
