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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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Kingfisher - Lot 33


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RegionWaikato
Property TypeLand
Asking Price $165,000
Trade Dollars $155,000
Cash Dollars $10,000
Price Notes94% Trade
Sold Date26/05/2017
VendorAnis Vahora
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Conditions
 
An exclusive waterfront lifestyle on the shores of picturesque Lake Taupo is the unique existence which is yours to enjoy at Kingfisher.

This exciting development, offering exquisite waterfront living enclosed by native bush, comprises of 75 residential sections in a private residential estate on a prominent peninsula, dividing Acacia and Parawera Bays.

Kingfisher is an exclusive gated estate of 19 hectares, a five minute drive from the centre of Taupo.

Features:
  • Land size: 1009m2
  • Facilities include gymnasium, tennis courts, sauna, spa and lap pool.
  • Also available to residents is an alfresco area complete with outdoor fireplace, where groups can hold a gathering or function.
  • A friendly 80 year lease (67 years remaining, renewal 30/12/2083) on the land with renewal option for another 80 years. This is pegged against CPI with no hefty increases. At the end of the lease term (160 years) the land owner is likely to continue with a new lease, as to not renew, the land owner will have to buy back the improvements for 85% of the current market value which would be uneconomical.
  • Located on the peninsula between Acacia Bay and Parawera Bay.


 

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Cameron Owen

09 414 6837