SUBDIVIDE OR 2 DWELLINGS ON 1 TITLE OR JV - AMAZING VALUE

Listing Number:  1697
Posting Date:  08 January 2010






 
Price:$295,000
Listing:SUBDIVIDE OR 2 DWELLINGS ON 1 TITLE OR JV - AMAZING VALUE
Type:House : Subdivision Potential
Category:Double Settlement
Bedrooms:4
Bathrooms:2
Region:Nelson / Tasman
Site Area:97 44 m2
Address: Login
Building Area:973 m2
Property Image

Description:

3 b/r and 1 b/r dwellings on one title in the sought after Springlands location of Blenheim
We have investigated to subdivide and it is great, very brief figures below (we have broken down on request):

Purchase and Subdivide costs $383,000, (incl RE Fees and large misc figure)
Return $445,000.
$62k profit, timing, approx 3 months.
or
JV with us, we do it, buy at more discounted rate and reap the rewards.
or
buy, do up the 1 b/r and enjoy the cashflow of 2 dwellings on 1 large title.

Amazing value.

Ring 03 5794204 or 021 402990