17% BELOW GV, SUBDIVIDABLE IN TOP LOCATION IN ROTORUA

Listing Number:  1411
Posting Date:  26 March 2009






 
Price:$290,000
Listing:17% BELOW GV, SUBDIVIDABLE IN TOP LOCATION IN ROTORUA
Type:House : Subdivision Potential
Category:Assignment
Bedrooms:4
Bathrooms:1
Region:Bay Of Plenty
Site Area:160 m2
Address: Login
Building Area:1014 m2
Property Image

Description:

Very tidy large 1960s two-story 4-bedroom family home in the heart of popular Springfield.
Subdividable section of 1014 m2. (Zoning rules for the area: 450 m2 per site.)
Brick and tile, building area 160 m2.
Two detached garages: one double, one single.
Top location, next to a golf course, surrounded by three parks, all levels of schooling in the area, handy to all amenities.
Government Valuation (Sep 2008): $350,000.
Owners bought this property in 2006 for $330,000.
Purchase price: $290,000 (all inclusive).
Zero holding costs (after tax), great buy-and-hold property.
Subdivision potential = more capital gains in the future.
Ideal for Lease Options.

A perfect family home or a solid hands-free investment
Add it to your portfolio and watch it grow!

Give me a call on 027 7400631 or email me at arie.nim@slingshot.co.nz for more details or if you would like to be added to our database to get advance notice of our deals.