Here's a great opportunity to invest in the development of residential sections in an area that has been constrained by older housing.
Executives moving to the area are wanting a higher class of housing, which is what will be filled by this subdivision. Demand for Government supported housing is also high (from Government employees or those entitled to subsidy) so there is good potential for any housing that is built to be leased to the Government on 10 year leases if desired.
Kaitaia is in the far north of New Zealand with a warmer climate than most of the rest of New Zealand, hence there is an ongoing demand from those wishing to live in slightly warmer climates.

For sale are 54 sections in Phase 1 (shown in dark green on the map below) of a 3 phase executive residential subdivision in a prime central town location.
Phase 2 (light green) consists of a further 42 sections.(for sale separately)

Features:

Flat contour, fully serviced (including reticulated sewerage, stormwater disposal, town water, power and telecommunications), protective building covenants.

'The Palms' is located in the heart of Kaitaia, handy to the main street and shopping area. Kaitaia is the main banking and service centre for the Far North district and serves for many executive coastal towns and subdivisions on both the west and east coasts.

As Kaitaia is experiencing good demand for quality residential properties, for both purchase and rental, building covenants will be placed over the newly created lots. It is therefore intended that new dwellings built in the area will be of a high standard and that the subdivision will soon gain a prestigious reputation.

The development includes a variety of lot sizes from a minimum of 600m2 up to 725m2. All lots will be fully serviced including reticulated sewerage, stormwater disposal, town water, power and telecommunications.
Roading and services are currently in place to each of the major lots.
All sections in the development have a flat contour and are in grass.

14 of the 54 sections from phase 1 have already been presold (ie $1.3 mil already guaranteed to the purchaser of the whole phase 1 development, once development is completed/ titles are available)

Price: $ 1,300,000