Five On One

two large sections with five homes
Quite an unusual setup but with huge potential and exceptional value for money.
A leasehold interest comprising 2 leases that span over a total of 3,580 sq meters ( close to one acre ) On this land are 5 accommodation units comprising adjoining flats and stand alone dwellings in close proximity to each other.
This property can be used as an investment for a syndicate of buyers or a large family group looking for housing the entire family group.
2 X 2storey dwellings with 3 bedrooms. Furnished
1 X single level 2 bedroom. - Furnished
2 X single level 3 bedroom. 1 Furnished / Unfurnished
3 of these dwelling are currently tenanted with above average rentals in place.
This property including the buildings is now listed at a price that is well below the Market value.

Now listing at only $680K N.Z for the entire lot. which is below replacement cost.
However another use for this property lends itself perfectly to having the existing property, in its current lay-out, for holiday and vacation , rental accommodation complex.
By developing this site further, it could be very possible to utilize these 5 homes and transform them into a short term rental accommodation complex.
An example of this could be : Having 4 of existing buildings used for short term, vacation rental accommodation and one as the Administration Office/Managers Housing.
The existing tropical features of the grounds can be easily blended into a common area for this project and still having plenty of room to place a swimming pool, gazebo and BBQ area which would make this an ideal short term accommodation complex.
Adding to this, you also have this waterfront playground which is only 450meters from your door
With our in-house accommodation expertise we can supply you a forecast that can outline easily achievable and realistic results.
Feel free to use the form below to ask for further details
The inside of the 5 homes vary but this shows a typical layout of the four larger homes.

A natural timber feel is typical in all of the homes, which suit this tropical lifestyle.
A simple layout, which makes the complex ideally suited for rental accommodation
Bedrooms in all the homes are a simple layout yet spacious.

Here to Return to Main Real Estate page
Here to Return to Home Page
|