Retirement Village
Here's a great opportunity to build a Retirement village in an area without such facilities in the East of New Zealand.
It has a relatively low purchase and development cost with good prospects for excellent gain either from the onsale of the village homes, or from the operation of the retirement village itself.
Resthomes and Retirement villages are in high demand in New Zealand due to the aging population and the residents are often subsidised by government, therefore there is a good demand for buildings that can be run as retirement villages, and for the businesses themselves.
Waipawa is in an agricultural area of New Zealand, hence there is an ongoing demand from those in the area wishing to retire in the area.
Demand for ‘Retirement Home’ accommodation is set to significantly increase due to New Zealand’s ageing population. This is basically due to the large generation known as the ‘baby boomers’ born after the war between 1946 and 1964. This group are now reaching retirement age. The number of retirement aged people in New Zealand doubled between 1967 and 2001, but is expected to reach 1,220,000 by 2051 for this reason. This century, one in four New Zealanders will be aged 65 or older, compared to one in eight today. This has direct implications for those in the rest home and senior citizen hospitality sectors which now need to expand to meet the increased need for health treatment, residential care and social services. An increasing number of elderly people require a level of care that cannot be provided by family, and due to this many retired people choose to reside in retirement homes and villages. Retirement homes are sought after for their level of care and standard of amenities.
Waipawa is situated on the northern bank of the Waipawa River, serving a large sheep and cattle farming industry and top market gardens of the area.
The property is zoned 'Residential' under the Central Hawkes Bay District Plan and is ideally suited to the proposed Retirement Village development. It is located centrally in the township being just 400 meters from the village centre. The proposal includes a large central community centre providing a variety of amenities and function facilities and 24 two bedroom fully self contained townhouses.
For sale is the 1.1923ha site including all plans and resource consent approvals.
| This property pays a 7% 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. |
Brochure (425k PDF)
| Section Type: |
Residential |
|
| Development Type: |
Retirement Village |
|
| Development Size: |
Whole development for sale as 1 lot |
|
| Address |
LOT 1 4 VICTORIA STREET, WAIPAWA |
|
| Size: |
1.1923ha |
|
| Price: $ |
420,000.00 + GST |
Under Contract |
| Valuation: |
|
|
| Profit Potential |
Estimates Only |
|
| Finished Sale Price |
24 x $280k
1x $300k common facility
|
$ 6.7 mil
$ 300k |
| Selling Costs |
Agent fees, lawyers etc (total 5%) |
$ 350k |
| Initial purchase price |
Land, plans and consents |
$ 420k |
| Development costs |
Sub division 600k (24x$25k)
Build cost $1500 x 80 sqm =
120k X24
1 x 250 k
finance 3 years ($4 mil 9 %)
Subdivide, Build & Sell
|
$ 600k
$ 2.9 mil
$ 120k
$ 1 mil
|
| |
Estimated Profit |
$ 1.5 mil |
BBX and Barter dollars also accepted
| Contact Details |
|
| 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 |
Note: email addresses available by placing an "enquiry" (top right of menu)
