Business For Sale. Modern Funeral Home - Built 2007 â?? Prime Tenant

The iconic 'Geards Funeral Home' has been operating from this site for 86 years

Modern purpose built funeral home, perhaps state of the art, with an excellent corner location. Link sold the business and is now managing the sale of the premises.

Property Use: \tFunerals â?? Geards Funeral Home
Floor Area:\t Constructed in 2007, comprising approximately 1,090m2 floor area, plus 80m2 of porticos, verandas, and an internal courtyard
Land Area:\t 2,977m2
Net Rent:\t $150,000 + GST
Price:\t\t Asking Price $1,869,000

Investment demonstrates very low risk factors relative to the economy, industry & market sectors, construction, and tenancy - suggesting no negative weighting to yields for the Kaitaia location.

Great opportunity to own a near new, well tenanted funeral home land and buildings at 13 Pukepoto Road Kaitaia. Ask the agent for a copy of the detailed property information memorandum. You can also get a brief overview from the website: www.geards.co.nz.

The building encompasses:
â?¢\tLarge modern 180 seat chapel
â?¢\tGreat commercial kitchen and extensive reception area
â?¢\tWaiting and reception area, 2 offices, and file storage room
â?¢\tMemorial headstone showroom
â?¢\tCasket selection room
â?¢\t2 viewing rooms + dressing room
â?¢\tLarge Te Whanau and prayer room
â?¢\tClient meeting room
â?¢\tStaff room/kitchen and changing rooms
â?¢\tEmbalming facility, walk in chiller, and police processing rooms
â?¢\tSpacious workshop and casket storage area
â?¢\t3 big garages and other areas
â?¢\tExtensive parking

Statistics NZ forecasts show why the funeral industry is rated as one of the most solid by banks for lending purposes. If you are looking for a long-term lower risk investment, delivering sound returns this could be it!

Net rental return $172,500 including GST. Due for first 2-yearly rent review in May 12. Lease is for 15 years, set up as 3 years with 4 rights of renewal for 3 years each.

Asking price $1,869,000

Contact Frank Habrle for a property information memorandum.