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South Island, New Zealand | ||||||
| On the Old North Road site of
roughly 50 acres approximately it is zoned R4 for 100 houses. Each block for a house;
permission at the moment will be occupying half an acre site/block. At a later date, it can be rezoned for approximately three houses per block!
At $60,000.00 US dollars a block, with planning
permission, the price is $3,350,000 US Dampier St. & Tasman St. This property is presently zoned RS1 and with other adjoining sites which is zoned residential R4, that is approximately 100 units of high-density housing. (Note: The approximate price of blocks of the land sold recently in the South Island, New Zealand, especially this area is approximately $50,000.00 US It is the owner's opinion that in approximately one year, this land will go up in price because of the America's Cup in January 2000 which brings lots of tourists plus the New Zealand and Australian currency are going to join as one! (The same as European Euro) At $25,000.00 US a block with planning permission, which is a very low price, and for 100 blocks, the price is $2,500,000.00 US DALLI |
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