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*** SOLD ***
Investment Property Freehold Tavern & Liquor Store
Listing: #18650
Peter Redward
Broker | Bay of Plenty
This listing is no longer taking enquiries as it is SOLD
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About this Business for sale in Rotorua
Investment Property Freehold Tavern & Liquor StoreA fantastic investment property in Rotorua with long leases in place from a tavern with gaming, an attached liquor store, and also a 21 year lease with "Spark" for a telecommunications tower on the rear of the property. Set on over 4,000 square metres of freehold land this lovely suburban property has three seperate long term leases in place from the tavern with gaming, a liquor store, and a telecommunications tower. Combined income is $63,965 plus GST & outgoings rising to $68,965 in November this year. That will give an 8.25% net return. Rateable value is $985,000 and the insured replacement value is $2,061,000 so the purchase price at just $835,000 is real value for money. The building has been substantially renovated over the past three years and is in superb condition throughout. The freehold land & buildings can be bought for just $835,000 to provide a good investment opportunity for an astute buyer. This is an investment property. The freehold is for sale with leases in place. The individual businesses are not for sale. Complete the on line confidentiality form to receive more information on this blue chip investment opportunity.
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This listing is no longer taking enquiries as it is SOLD
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.