Land & Buildings Fantastic Yield, Close to 10% High Profile State Highway Cafe 3547m2

Cafe Nosh (many years ago was known as the Cup and Saucer) sits on this site 3547m2 site, on the busy turn off to Waimate, South Canterbury. There is the opportunity to build a residence on the site, building platform in place and there have been a number of improvements made in recent years including Enviro grey water run off, new roof, landscaping around cafe, small bulk store shed, shingle drive, fencing, water storage holding tank.

Cafe building 149.67m2.

Current owner also owns and runs the cafe...to be sold together or separately.

Rental valuation (2019 valuation available) based on 10% cap rate, rent to revenue ration os 5.5% so very reasonable based on current operating turnover of the business. 

Zoned rural - Waimate District Plan

Call me today for further details.

Asking price $415,000 land and buildings.

Sami Chesterton, 021 0297 8810, sami.chesterton@linkbusiness.co.nz

***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.

#hospitality #cafe #waimate