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Eltham Subdivision
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Taranaki
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Eltham
Taranaki
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Eltham Residential Subdivision Development
Here's your chance to invest in the development of an area of New Zealand with a great demand for new sections from the rural support industries.
A relatively low investment should see substantial gain when completed.
Taranaki is New Zealand’s hydrocarbon province. It is the only area where oil and gas have been found in sufficient quantities to be economically mined.
Eltham is a vital town in the central south area of Taranaki known for its production of fine cheeses and famous people. Historically it has been the most highly industrialised town (per capital) in New Zealand. This trend is still evident with the headquarters of Eltham Meats, Rennet, Ferndale, Galaxy Cheeses and Mainland Packing all being based here.
Eltham's industrial tradition is reflected in a variety of New Zealand "Firsts".
Bridge St was the first to be tar sealed. The first concrete floored cowshed was in Eltham and the Eltham Power Board was the first to use concrete power poles. The first dairy produce to be exported was butter sent in casks from Eltham to England in 1884.
Places of interest in Eltham include several parks and playing areas, two swimming pools and two beautiful lakes. Lake Rotokare(meaning"the rippled lake") is fed entirely by natural springs and the only outlet is at the western end. Together with 212 hectares of surrounding native bush, the lake forms a scenic reserve containing diverse types of vegetation and wildlife. Further inland along Rawhitiroa Road is lake Rotorangi. Formed behind an earth dam built for hydro-electric power generation, Rotorangi is currently the longest man made lake in New Zealand at 46 Kilometres long. The Eltahm shopping centre caters for most requirements with one or two businesses being well known throughout Taranaki for the quality of service and stock they offer.
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For sale is an approved residential subdivision comprising 85 lots. The sections range in size from 550m2 to 7,000m2 and will be fully serviced.
Price: $ 1,700,000 Money Back Guarantee
| 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. |
Build options:
These sections allow for your choice of house design.
An example of investor housing available from around NZ $180,000 is this house from Milestone Homes
www.milestonehomes.co.nz
 
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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 Developments |
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| Address |
295 HIGH STREET, ELTHAM |
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| Size: |
550m2 to 7,000m2 |
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| Price: $ |
1.7 mil + GST |
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| Valuation: |
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| Profit Potential |
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| Finished Sale Price |
85 x $80k |
$ 6.8 mil |
| Selling Costs |
Agent fees, lawyers etc (total 5%) |
$ 340k |
| Initial purchase price |
Land, plans and consents |
$ 1.7 mil |
| Development costs |
$ 25k per section build cost
finance 3 years ($3.8 mil 9%)
2 yrs Subdivision, 1 year to sell |
$ 2.1 mil
$ 1 mil |
| Management |
Northcorp can manage this project for you |
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Estimated Profit |
$ 1.6 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 |
Note: email addresses available by placing an "enquiry" (top right of menu)
Information about the Taranaki area
Taranaki Area Activities
QV Demographic report
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Location
Click on map to zoom on "Live Map"
Click the "Hybrid" button on the "Live map" for satellite photo.
(Note: Photos depend on Zoom level - Click "Map" button to restore Streets)
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Click pictures to enlarge
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NZ $1,700,000.00
Excl GST
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