4.3 hectares (10.6 acres) now rezoned residential. Could be subdivided into approximately 40 large sections. (subject to council approval) This property has a wide road frontage and is two minute walk from the Karaka Inlet subdivision which has elaborate million dollar houses build.
It extends along the full length of existing properties which range in size from 400sqm to 1000sqm
Has a deep well bore water supply as well as a small sleep out presently earning a rental income.
2500m2 Sections on the recently completed Karaka Inlet subdivision, only 400m down McRobbie road, are priced at around $600,000 each.
This 4.3 ha block of land could give 40 sections of approx 800sqm with a possibility of them being further divided to 400sqm sections in the future.
THEREFORE A 'CALCULATION' COULD GO LIKE THIS: 40 sections x $360,000 each could be worth a potential $14.4million minus the expenses.
Call Gerald today on 0212500622 and PICKUP THIS LUCRATIVE PIECE OF REALESTATE.
NOTE: The technical info provided (incl. the floor and section sizes) has been sourced from organisations such as RPNZ, Property Guru, and the Council; and are broad guides for general information only. They are solely intended to provide a general understanding of the subject matter and to help you assess whether you need more detailed information. We recommend you seek your own independent advice on everything material to your purchasing decision.