Wholesale Property

17 LYON ST, FRANKTON, HAMILTON, TOWNHOUSES

Well designed, high quality, low maintenance, fully furnished townhouses in prime Hamilton location

• 8 x 2 bed townhouses, fully-furnished

• Opportunity for additional capital growth before settlement in August 2020

• Prices: $497k - $509k including carpark

• The Hamilton townhouse market has matured and grown significantly over the past two decades as the price of land has risen. The Hamilton City median sale price has now passed the National Average. In the last 10 years the market grew 85% in value compared to 59% in the prior 10 years. This has driven up the demand and values in suburbs n the CBD fringe such as Frankton.

FRANKTON TOWNHOUSE MARKET PERFORMANCE

Market data sources: Real Estate Investar, Tenancy Services, REINZ, One Roof

PRICE AND AVAILABILITY SUMMARY

ADDITIONAL DOCUMENTS

• Property Investors 2-bed forecast furnished

• First Home Buyers 2-bed forecast

• First Home Investors 2-bed forecast

• Rental assessment

• Site plan

• Floor plans

• Chattels depreciation estimate

• Bodycorp budget

• Specifications

• School zones

ABOUT THE PROJECT

This new development features eight, 2 bedroom contemporary townhouses configured over two levels. Thoughtfully designed for the modern home owner or tenant, it will provide carefree living at a hard-to-find low price point. The decor throughout is neutral, allowing the new owner to add their own personal touches. One carpark per townhouse adds to the convenience

The houses will be provided fully furnished including an open plan designer kitchen, Bosch kitchen appliances, a Fujitsu heat pump/air conditioning, washing machine, 43” or larger HD LED TV, USB charging power point, comfortable beds, curtains and blinds and more. Set on a quiet street, the grounds will be landscaped to create a comfortable outdoor living environment.

This central location is a short walk to all amenities; the Dinsdale Shopping Centre and public transport links for easy commute to the CBD (7 mins), Hospital (8 mins) and The Base (15 mins). The Dinsdale Shopping Centre contains a Countdown Supermarket, medical centre, café, restaurant and bar, public library, fruit and vegetable store, takeaways and much more. All 4-levels of schooling are nearby.

The development is for sale turnkey with a 10% deposit and nothing more to pay until settlement, when the houses will be completed, furnished and ready to live in. The low sale prices mean that these homes qualify for the first home buyer grant.

HAMILTON OVERVIEW

Hamilton is New Zealand’s fourth largest city and the third fastest growing city after Auckland and Pukekohe and it represents an affordable location with high growth expectations. According to Visithamilton.co.nz the population of Hamilton was estimated at 156,800 in June 2015 - an increase of 15,188 people from the 2013 Census. The city is predicted to grow to 175,000 by 2022. Hamilton is located in the heart of the Waikato, one of New Zealand’s richest regions, responsible for 20% of the country’s total exports. Agriculture, biotechnology, light aviation, transport logistics, science research, education and healthcare lead the Hamilton economy, providing diverse employment opportunities in the city.

• Hamilton urban area was estimated to have around 188,000 inhabitants in 2015

• Has a youthful population, with nearly half under 30 years of age.

• NZ’s longest river, the Waikato, flows for 16km through the city

• Mild climate & moderate year-round rainfall keep the city and surrounding areas very green

• Mean temperatures of 18°C in January (summer) and 9°C in July (winter)

• 135 parks/gardens and 58 sports areas and over 1,000 hectares of open space

• More than 40,000 tertiary students choose Hamilton’s learning institutions every year

• Home to the 26,000-person capacity Waikato Stadium