Franz Josef Hotel Development
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West Coast
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| The Franz Josef Glacier is located in Westland National Park on the West Coast of New Zealand's South Island. Together with the Fox Glacier 20 km to the south, it is unique in the fact that it descends from the Southern Alps to just 240 metres above sea level amidst the greenery and lushness of a temperate rainforest. The glacier area is one of the main tourist attractions of the West Coast. |
More Pictures Below
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Franz Josef
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Hotel Development
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For sale are two adjourning lots located within the tourist zone and backing onto Stony Creek and the large new commercial and residential Franz Alpine Resort. Included in the sale are complete plans and working drawings for a proposed executive hotel restaurant and bar complex
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| This property pays a 6% return on the Purchase Price of the land, for a period of 2 years, during the Subdivision and Build process. |
| After 2 years it is expected that the subdivision is complete and partially sold off to repay development costs, or buildings have been erected and will provide ongoing income. |
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| Section Type: |
Residential / Commercial |
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| Development Type: |
Hotel build |
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| Development Size: |
Whole development for sale as 1 lot |
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| Address |
LOTS 2 & 3 FRANZ JOSEF |
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| Size: |
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| Price: $ |
480,000 |
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| Valuation: |
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| Profit Potential |
(estimates only) |
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| Finished Sale Price |
$ |
$ 4.5 mil |
| Selling Costs |
Agent fees, lawyers etc (total 5%) |
$ 200k |
| Initial purchase price |
Land, plans and consents |
$ 480k |
| Development costs |
~$1700 per sqm ( 1211 sqm)build cost
- finance etc 2.4 mil, 3 years, 9 %
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$ 2 mil
$ 650k
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Estimated Profit on Building only |
$ 1.1 mil |
 
BBX and Barter dollars also accepted
| Contact Details |
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| Name |
Daryo or Peter |
| Company |
Darius Group |
| Phone - Landline |
+64 9 447 1641 |
| Phone - Mobile |
Daryo +64 27 524 1931 Peter +64 274 711191 |
| Fax |
+64 9 447 1642 |
| Web Site |
www.dariusrealestate.com |
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Location
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NZ $480,000.00
Excl GST
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