INVEST, DEVELOP OR LAND BANK

Located rurally in Waerenga, adjacent to the Northern Waikato town of Te Kauwhata, which like the Pokeno area, is attracting those forced out of the Auckland housing market. Te Kawhata is located 5 minutes off State Highway 1, and 40 minutes away from Hamilton or Pukekohe.

This 20.22 hectare (50 acres) has a four bedroom designer home and the land has consent to be sub-divided into three lots plus esplanade reserve. Lot 1, would consist of the house on a 7200sqm section - Lot 2, 1.70 hectares of bare land - Lot 3, 17.40 hectares which includes a large four bay utility shed, separate implement shed and haybarn, and Lot 4, 8500sqm classified as esplanade reserve adjacent to the Te Kaha stream which runs through the property.

Te Kauwhata has extensive amenities including a library, rugby and squash club, gym, Aparangi Retirement Village, shops, businesses and cafes. It has the range of schools, pre-school to high school and the property is on the school bus route. Waerenga also has a local primary school, tennis courts and community hall.

The house is presently tenanted and the land is leased for cropping purposes, being previously used as a Farmstay and calves raised on the land. The land and house provide a good return for the investor with the prospect of capital gain on the completion of the sub-division. The demand for rental properties and lease of land being very high in this area.

The warm, welcoming designer home provides four bedrooms, with a private ensuite and walk-in wardrobe in the master bedroom, an additional bathroom downstairs, open plan living with two separate dining areas, extensive lounge room with high stud ceilings and large windows to allow all day sun and extends out to the private decking area facing out to the countryside. The modern kitchen offers loads of cupboard and bench space, a walk-in pantry, dishwasher and breakfast bar. Surrounded by farmland and set back from the road, this property has so much to offer.

So invest, develop or land bank, the options are there for this desirable, well situated property.