Seldom does the opportunity to purchase such a large block of residential land become available for subdivision in the township of Te Kauwhata. On offer is 1198 sqm (more or less) of corner section conveniently located on the main access road in and out of town. The three bedroom home is positioned toward the back of the section allowing room for a developer to explore their options, add a second minor dwelling to increase return or suddivide and build a second home. Surveyors report available on request however all is subject to council approval.
The township of Te Kauwhata is just a short 65-kilometer drive to the International Auckland Airport and just 52 kilometers south to Hamilton City. There are huge plans for this township with many developments in the pipeline totaling over 2000 new residential sections over the next 10 years. There are also plans for new infrastructure to support the fast-growing community. This town is perfectly positioned for someone travelling to either Auckland or Hamilton for work and wanting to escape for a quieter lifestyle in their down time. There are excellent schooling options with the primary school a short 700 meter walk away and the college just a little further at 1.3 kilometers. The main center of town and shops are only 500 meters away and it is only 4.4 kilometers to the highly regarded Waikere Golf Club.
This is a genuine opportunity to add capital value to an already excellent investment. Currently tenanted at $430 per week, look to double that with a second dwelling. Demand for rentals in this location are very high with very little available. That pressure is only set to increase. Take advantage of this excellent opportunity and contact me to view.