120k Equity Built Into Wanaka Purchase
There is no denying that with high levels of demand in the Central Otago region, it is very hard to find deals like this, but this doesn’t mean they aren’t there. It means more than ever, there is a need for superior knowledge, experience and networks to find the right properties.
We purchased this land and build package for $817,000 and it came in with a valuation of $940,000, giving our client built-in equity of $120,000.
This deal is a house and land package with the property to be used as a show home and leased back by the builder for three years. In three years time, they will get back a property from the builder that is essentially brand new.
The house will get built quickly because the builder is motivated to get his show home as quickly as possible.
- A 614 sqm full site
- 3 bedrooms and 2 bathrooms with an internal double garage
Read our Central Otago Article to learn how this area is booming and is set to continue to grow.