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We had a fairly substantial amount of Bartercard Trade Dollars to spend and wanted to use most of them in the property market, after some consideration we decided to purchase a property that would provide income - not just long-term capital gain.

- Nikki Barrett
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Kaikoura- Mangamaunu Bay Holiday Home- 1/4 Share


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RegionCanterbury
Property TypeResidential
Asking Price $160,000
Trade Dollars $48,000
Cash Dollars $112,000
Price Notes
VendorMark Durham
03 980 2757 or 021 063 9245
acetradernz@gmail.com
Downloads
  • A brief introduction to Fractional Ownership Schemes.pdf  
  • About Mangamaunu Bay Farm Park.pdf  
  • Enquire
    *click here for terms &
    Conditions
     
    ONLY TWO SHARES LEFT - DON'T DELAY

    Mangamaunu Bay is ten minutes north of Kaikoura and enjoys a fabulous micro-climate, native bush, breath-taking views, beach access, great fishing, and a world-renowned surf break. 

    Lot 5 is approx 5,000 m2 and includes a 1/26 share of the Farm Park that includes a pavillion, swimming pool and tennis court. There is also a proposal for a heli-pad behind the tennis court. Lot 5 is situated on the ridge-line with spectacular views out across the Pacific Ocean and across to the Kaikoura Ranges. 

    The proposed holiday home will include decks and landscaping and comprise two master bedrooms with ensuites, a bunk room, and shared living, kitchen, and dining, potentially allowing two shareholders at a time to enjoy the property.

    An RE Agent's appraisal values the land at between $380,000 and $420,000 and the build cost is estimated at less than $300,000.

    There are two parts to this offer. 
    Investors buy a 1/4 share in the land (freehold title) for $100,000 including a 30% trade component. Once the required number of shareholders are confirmed, the building program will commence, with an estimated 30% trade component included in the build cost.
    Shareholders must be able to guarantee they have the cash (or equity) to fund their 1/4 share of the build cost.

    You can expect the value of your 1/4 share to be approximately $175,000 upon completion of the build, and further increase is expected as both the economy and property market improve, and meanwhile, you'll be enjoying have one of the best holiday locations available anywhere!
     

    A unique opportunity to own a piece of one of the finest get-away spots in New Zealand today, at an affordable price!

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    Information
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    Contact Us

    Cameron Owen

    09 414 6837