Hello. I am looking at purchasing a property to renovate. It's a 4 bedroom house on 2k square metres. It has a shop (was used as a convenience store) attached to the front. I have no interest in it ever being used commercially ever again and intended to find another purpose for the space. It has been vacant for over a year. Unfortunately the sale price is attracting GST. is there any way to avoid this?
It's a commercial prop purchase - so you've got a heap of other things to consider like getting a comm prop loan for it (unless you are buying outright)... I assume it has some sort of mixed use zoning (resi + ind1)? The Y-man