$238,000 EQUITY, 17% BELOW RV +FREE $200,000 BUSINESS

Listing Number:  1465
Posting Date:  28 May 2009






 
Price:$1,177,000
Listing:$238,000 EQUITY, 17% BELOW RV +FREE $200,000 BUSINESS
Type:Home and Income
Category:Assignment
Bedrooms:4
Bathrooms:2
Region:Auckland
Site Area:210 m2
Address: Login
Building Area:95506 m2
Property Image

Description:

$438,000 BELOW VALUE INCLUDING BUSINESS. This is a Lilly farm that has subdividable potential.

This property has a huge amount to offer. Immediate income, lifestyle, the opportunity to develop the land , a beautiful home, space, close to local village and town.

But their loss is your gain!!

Benefits to you
Immediately inherit $238,000 in equity. The property is valued at $1,415,000 (March 2009) and the business is valued at $200,000
The business is producing $70,000 pa profit (Annual turnover $200,000)
Modern 4 bedroom, 2 bathroom 7 year old B&T open plan home, ensuite, double garage, and large decking,
23.8 acres made up of 6 acres in lilies, 11 acres ready to be developed (huge potential to double or triple annual income) the rest in functional buildings for the business.
This business is largely worked by staff

A lifestyle that pays for itself
Land, business and home going cheap as going concern.
Will conisder trade or swap at valuation.

The numbers
RV March 09 of property (not including business) $1,415,000
Business turnover $200,000 per annum
Estimated value of business $200,000
Purchase price $1,177,000
Equity $238,000
Land area 23.8 acres
Assignment fee $10,000+GST
Deposit $15,000

Call Brenda 021 980 898 or Haydn 0272333324 for more details.