SPONGE BAY ESTATE SUBDIVSION GISBORNE

Listing Number:  778
Posting Date:  17 February 2008






 
Price:$149000 145000
Listing:SPONGE BAY ESTATE SUBDIVSION GISBORNE
Type:Land
Category:Assignment
Bedrooms:None
Bathrooms:None
Region:Gisborne
Site Area: 
Address: Login
Building Area:719 676 m2
Property Image

Description:

2 corner sites available in a premium Gisborne subdividsion. This subdivision sold out within 48 hours. The subdivsion is located a short distance from Sponge Bay Beach and only 3kms from the city centre.

This exclusive Sponge Bay subdivision offers many great options:

1. Build your dream home in a beautiful coastal setting.

2. Hold and build a rental property to add to your portfolio. Rental demand is strong and rents are estimate at $450pw.

3. Spec build, which are estimated to sell between $500k and $700k.

4. Onsell sections for profit. Sections in this location have been selling between $280k and $350k

These sections are available on assignment at the same purchase price we brought direct from the developer back in July 07. Resource consent has been approved and title is expected in Aug 08

Section 1. 719m2 : PP $145,000. Deposit: $14,500, balance due on title.

Section 2. 676m2: PP $149,000. Deposit: $14,900 balance due on title.

The Sponge Bay Estate promotional brochure is attached.

A Rental and Spec Build Appraisal and Resource Consent Document is available on request.