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Whangarei Townhouse Subdivision
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Northland
6 Townhouses
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More Pictures Below
Here's a great opportunity to invest in the development of residential sections in an area that has been growing rapidly due to migration north from Auckland.
The migration north has put pressure on quality housing and therefore pricing has rapidly approached Auckland pricing.
Executives moving to the area are wanting a higher class of housing, which is what will be filled by this subdivision, and subsequently creating demand for quality sections and houses.
For a relatively small cost, invest in the land for this subdivision and either sell off the subdivided sections to eager buyers, or build the houses yourself and make even more.
(Average section prices in Whangarei over $200k each while here you can get 6 sections for just 650k plus development costs of approx $200k = total $850k worth over $1.2 mil)
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Whangarei is in the north of New Zealand with a slightly warmer climate than most of the rest of New Zealand, hence there is an ongoing demand from those wishing to live in slightly warmer climate.
Whangarei serves a large sheep and cattle farming industry and top market gardens of the area.
Whangarei is a developing, modern and vibrant city in the centre of a district of fertile farmlands, orchards and forests. With a stunning harbour and coastline, Whangarei offers some of New Zealand's finest beaches. The city has a wide variety of shops and services, with a modern cinema complex, opera and drama theatres. The Whangarei Town Basin is busy with yachts from all over the world mooring here to soak up the semi tropical climate and explore the spectacular coastline of Northland. |
The property is zoned 'Residential' under the District Plan and is ideally suited to the proposed development. It is located south of the central township.
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| 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 (700k PDF)
| 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 |
lot 1 Tauroa St DP 187898
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| Size: |
3564 m2 |
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| Price: $ |
650,000.00 + GST |
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| Valuation: |
Under Contract
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| Profit Potential |
Estimates only
6 x Townhouse
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| Finished Sale Price |
$ 400k per house |
$ |
| Selling Costs |
Agent fees, lawyers etc (total 5%) |
$ |
| Initial purchase price |
Land, plans and consents |
$ |
| Development costs |
- build cost, finance etc |
$ |
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Estimated Profit |
$ |
 
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 $650,000.00
Excl GST
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