Final Call For Ladies Mile Syndication
There are now only a few shares left available in our Ladies Mile syndication opportunity. As a reminder, It’s a 5-bedroom boutique lodge with a 4 bedroom managers house on approximately 4.7 hectares of land.
We are forecasting a pre-tax yield of 3% but the real opportunity here is the potential value uplift. 497 Frankton Ladies Mile is opposite a residential subdivision and it is ‘inevitable’ that this land will get rezoned to residential in the near future, or even without a rezone there is a strong likelihood a resource consent for subdivision would now get approved.
We contracted on this back in April and since then there have been significant developments in the region. Namely, the governments $24mil interest free loan to Queenstown Council for this very stretch of land. This announcement essentially sends a signal to the developer community to start applying for resource consents.
Click here to see the recent $24mil in interest loans announcement
Click here to read about Otago’s future for investment