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Gulf Harbour Subdivision
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North Auckland
Below Valuation
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Gulf Harbour
  
View from North Eastern Boundary looking North East.
- 7.8332ha land area (approx).
- Dual road frontages.
- North facing with golf course and marina views.
- Sea views from elevated section on the North Eastern Boundary
 - Comprehensive development plan approved by Council, max number of household units 137.
- Set amongst Gulf Harbour Golf Course holes 11 & 14.
- Other potential uses such as retirement village - subject to Council approval.
- One of the largest residential development sites - with consent, currently available.
The first 12 sections along the Parkview Drive frontage (as shown in picture above), with average size around 500sqm, are complete & ready for building.
The rest of the subdivision requires completion - Roading, Services,( power, water, gas, phone, lighting).
A great project with huge potential.
Secure your place in Golfiing Paradise Now !
View from bottom of Parkview Drive looking East over the subdivision
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Golf Blog golfswing.iiabblog.com
| 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. |
| 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 |
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| Address |
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| Size: |
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| Price: $ |
$ 15 Mil As Is
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$ 6 mil Under Valuation
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| Valuation: |
As Is $ 21 mil |
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| Profit Potential |
Estimates only
137 x Sections
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| Finished Sale Price |
$ 250k per section |
$ 34 mil
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| Selling Costs |
Agent fees, lawyers etc (total 5%) |
$ 1.7 mil
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| Initial purchase price |
Land, plans and consents |
$ 15 mil
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| Development costs |
- build cost, $25k per section
- finance $19 mil for 2 years @ 9 %
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$ 4 mil
$ 3.5 mil
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Estimated Profit |
$ 9.8 mil
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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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NZ $15,000,000.00
Excl GST
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