SELF FUNDING INVESTMENT / development opportunity

  • Asking price
  • $8,000,000.00
  • Expires
  • 25 May 2021, 3:11 pm
  • Region
  • Auckland
  • Potential buyers - contact me direct
  • Street No. & name
  • 46 Wilks Road West, Dairy Flat
  • Bedrooms
  • 5 bedrooms
  • Bathrooms
  • 3 bathrooms
  • Floor area - m2
  • 400+
  • Land area
  • 10 acres
  • Parking or garaging
  • 2
  • Amenities in the area
  • schools, medical, shopping, beaches
  • Viewing Instructions
  • By appointment
  • Am I a licensed agent?
  • No
  • Best contact time
  • Any time
Unique property, with imminent development opportunity: currently zoned future urban but local housing developments closing in (1000m to 1500m away) and local infrastructure under way for development of all local areas zoned future urban.

Land area 10 acres.
This has been a family home for 22 years.

Main house (including garage)
Size: approximately 400 square metres
3 bathrooms and toilets
5 bedrooms
1 large rumpus room downstairs
1 large separate lounge
1 Large open kitchen and dining area
1 Sun room
Decks
Spa pool
Double garage
New Solar hot water heating system

Second house (built in 2000)
Size: 65 sq metres approximately (plus garage)
2 bedrooms
1 bathroom
2 Toilets
1 lounge
Open plan kitchen and dining area
Decks

2 Barns
2 sets of automated gates to houses
2 sets of automated gates with wifi access control system to barn area

Central to all amenities.
Property located on a ridge with water views.
No-exit quiet street.
Current owners would be happy to lease back for a couple of years.

SELF-FUNDING INVESTMENT / LAND BANK / DEVELOPMENT OPPORTUNITY
- 20% deposit requirement: $1.6m
- Interest only loan of $6.4m plus $200,000 at 2.6% per annum ($171,600)
- $200,000 cash back from seller
- $75,000 lease back from seller for 2 years
- Subsequent property annual rental return of $150,000 covers 87% of interest only loan servicing costs (at 2.6%)




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SELLER

  • storeit4lessshop
  • 0   in trade
  • Feedback
  • N/A
  • Member since
  • 30 Jun 2017
  • Region
  • Auckland
  • Contact No
  • 021 355005

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Listing ID #  72488

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