Colac Bay Southland
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Southland
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Colac Bay
Riverton
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| More Pictures Below |
  
Jewel of the South...Don't miss out !
Colac Bay is located in Southland just out of Riverton, with the closest city being the city of Invercargill. With a population of 50,000 , Invercargill is the gateway to some of New Zealand's most beautiful scenery and destinations, including the Southland heartland, Stewart Island and Fiordland. With a combination of cultural attractions, excellent shopping, cafes, restaurants and city life, Invercargill has much to offer. The inner city is modern, attractive and provides a vibrant heart to the city. The variety and number of heritage buildings in the city centre also add to Invercargill's character.
Colac Bay provides a nearby beach area which is famous for its fishing, surfing, and diving.
Large 11 acre development has resource consent for 32 flat sections.
Your chance to build your own or investment homes on a South Island Beach.
Quiet country lifestyle in the beach environment, where else in the world could you do this ?
Grab this great investment opportunity NOW.
| 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. |
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| Section Type: |
Residential |
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| Development Type: |
Residential Sub Division |
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| Development Size: |
Whole development for sale as 1 lot
or as sub lots |
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| Address |
Stokes St |
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| Size: |
11 acres |
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| Price: $ |
1.2 mil incl GST |
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| Valuation: |
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| Profit Potential |
(estimates only) |
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| Finished Sale Price |
32 x $100k |
$ 3.2 mil |
| Selling Costs |
Agent fees, lawyers etc (total 5%) |
$ 160k |
| Initial purchase price |
Land, plans and consents |
$ 1.2 mil |
| Development costs |
$ 25k per section
- Subdivision cost,
finance 3 years (2 subdivision,1 sell)
$ 2mil @ 9% |
$ 800k
$ 550k
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| Management |
Northcorp can manage your project for you |
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Estimated Profit |
$ 490k |
 
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 |
Note: email addresses available by placing an "enquiry" (top right of menu)
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QV Demographic report
(may take a minute to compile)
https://www.qv.co.nz/Reports/report.aspx?QPID=2215409&ID=2215409&ReportType=DP
Click on "Property Summary" (Bottom of left menu) of the QV page for more property details and map (click "Check property location on map" just under the address)
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Related sites
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Click pictures to enlarge
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NZ $1,000,000.00
Excl GST
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