PRICE REDUCED TO MOVE $175K+ SOLID PROFIT SUBDIVISION

Listing Number:  169
Posting Date:  17 August 2007






 
Price:$590,000
Listing:PRICE REDUCED TO MOVE $175K+ SOLID PROFIT SUBDIVISION
Type:House : Subdivision Potential
Category:Double Settlement
Bedrooms:4
Bathrooms:2
Region:Hawkes Bay
Site Area:1194 m2
Address: Login
Building Area: 
Property Image

Description:

Just become available for contemporaneous settlement property in prestigous area of Havelock North for those that missed out on 2 Tokomaru Drive.Settlement 5th October 2007.Simple paper subdivision with solid profit potential or develop further with building a new dwelling to maximise your profit centres.Numbers as follow:
pp $599000
GV $580000.
QV selling range goes to $690k
subdivision estimate as attached $25000

Section 1.$250000.00
Section 2 with Designer house $550000.

The existing house is of a high standard therefore no work needed here driveway to the lot is already established so the management and input is minimal and could be managed from anywhere.I have all the contacts to complete this deal as I do subdivisions on regular basis.

Option 2.Is to build a 200m2 high spec house on the property which could be done before title is released and would fetch a high price due to the views and calibre of the area.I have a contact that is building apartments in similar area that will do full build for $1800+gst/m2 numbers as follows:

cost to build $360000.00
sale price as attached $650000.00
section 2 with designer house $550000.00

Either way the deal requires minimal input and management I will also advise and refer as needed to make sure your profit is maximised asap. I have all the relevant quotes ,estimates,QV data,council records,verification of values etc for due diligence. Contact me for more info.
full list of photos available on previous ad.
Cheers
Shannon