LAND BANK THIS SUB DIVIDABLE PROPERTY&HAVE IT PAY U 2 OWN IT

Listing Number:  1257
Posting Date:  18 October 2008






 
Price:$245,000
Listing:LAND BANK THIS SUB DIVIDABLE PROPERTY&HAVE IT PAY U 2 OWN IT
Type:House : Subdivision Potential
Category:Purchase Option
Bedrooms:3
Bathrooms:1
Region:Nelson / Tasman
Site Area:109 m2
Address: Login
Building Area:1012 m2
Property Image

Description:

14.64% Yield $2690 Pre tax cashflow on large sub dividable corner section in a fast growing viticulture region – and for just $245,000!

This property is in central Seddon, a fast growing town, surrounded by vineyards in high growth Marlborough. Adjacent to this town is the famous Yealands Estate, a vineyard of colossal proportions covering some 1000 hectares.

The property is located a short walk to the central supermarket of Seddon.

Recently new roof and carpet throughout this property is of a good standard and nothing is needed to get the benefits from this investment.

Marlborough is a region that is sustained by the largest viticulture wine industry in the country. Land bank this sub dividable property and have it pay you to own it – simple as that!! It’s a corner site which means a cheaper entry point when subdividing as the services do not have to be placed up a drive and into a rear section – Both sections have street frontage. Interest rates are dropping and that simply means more cashflow.

This rental assessment is based on a person by person tenancy. This income is reliant on a furniture pack being installed.

Why not call me and find out if this deal is one that could work for you.

Contact Mark either 021 402990 or (03) 5794204


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