3 Houses, 8.8 hectares. 60 Section development.

We are pleased to offer this extraordinary opportunity. Tendering 22 acres on the outskirts of Martinborough Wine Village. Includes 3 houses, and consented 60 section subdivision.

What an opportunity for the astute. Only an hour from Wellington.Walking distance to MartinboroughWine Village. Virtually no other land available for development.

Property companies are not buying at the moment but selling. So this is probably an opportunity for an individual with vision & a longer view of investment....
or just someone who wants an 8.8 hectare block with one good modern house, one modern cottage and a large historic home needing restoration.

While the larger modern home has been rented out till recently, neither of the modern homes have a Code Compliance Certificate. A schedule of some of the things required to get then, from a very recent South Wairarapa District Council inspection, is available.

A resourse consent was granted a year ago for a 60 lot residential subdivision . Lots aproved range from 540m2 to 2480m2 .Part of the work has been completed.

The whole lot is being sold as one. The ratable value is $1,500,000. Tenders at any level are invited. Do not hesitate to offer on this possibly spectacular purchase. The beneficial owner, who primarily is in Europe now, will consider all offers.

So the question to you is: what could you do with it, how much would you make, and when? And what price would you buy it for, now?

Contact Colin Kelly on 021 439 727 or ColinKelly@ReMAX.net.nz, or Dougal MacKenzie on 0274 454 351 or A/H's 06 3077 749 for full details, plans and tender details.

Tenders close September 30th. RE/MAX Leaders ,15 Brandon St Wellington