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Discussion in 'What to buy' started by Sam Edith, 17th Jan, 2020 at 12:02 AM.

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  1. Sam Edith

    Sam Edith New Member

    Joined:
    Thursday
    Posts:
    1
    Location:
    Victoria
    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?
     
  2. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    5,161
    Location:
    Melbourne
    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