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Listing ID: 2986507

Retirement Development Huge Growth Potential Business For Sale

Waikari 7420 Canterbury, Canterbury, New Zealand

Asking Price:: $1M - $5M (NZD)

Sales Revenue:: Available on request

Cash Flow:: $500K - $2.5M (NZD)

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"Great Northern Villas" Retirement complex under development and currently expanding the site to adjacent properties. Overseas investor opportunity to gain residency through the Government "Investor Visa" scheme with Investment in an approved development. Delightful North Canterbury rural location. Elevated north facing site with great views over the valley. Large area of land for further development (up to 50 units) including existing hospital for elderly and respite care. No resource or building consent issues. Opportunity for an investor, joint venture or a full buy out considered. Massive growth potential in creating a large scale complex that will allow it to be registered with the Government as a "Retirement Village" enabling "License to Occupy" sales providing ongoing cashflow for the future.

For more information, please contact us by using the form below.

Property Information

Real Estate:: Real Property Included

Living Accommodation:: The first 2 houses are completed and available for occupancy if required. The second 2 of the initial 4 are under construction and due for completion in April/May 2021. We are ready to start marketing.

Location:: North Canterbury, New Zealand.

Premises Details:: Property development over the combined properties
Waikari 7420 NZ

Size in square feet:: Each house is 182sqm

Planning Consent:: Building consent No BC110176, subdivision consent RC180412. The properties are all zoned "Business" which has limited restrictions in planning requirements for the development of the property.

Business Operation

Expansion Potential:: It will be many years before the Housing market reaches a satisfactory balance and the main requirement is to satisfy the Retirement housing sector which will in turn frees up the larger family homes where the family have left home and the owners are looking to down size. Our expansion potential is huge as shown on page 8 of our Business plan (attached) Securing the Church property next door would increase our property size to a total of approximately 30,000 sqm , 7.4 Acres

Competition / Market:: Very little. There is a general housing shortage in New Zealand which was initially to be addressed through the Governments "Kiwibuild" program which was unfortunately a dismal failure due to the restrictions created by a limited construction industry workforce. The main factor contributing to the housing shortage is the large number of the Baby Boomer generation who are now looking to downsize or move to Retirement Lifestyle Villages. That transition is currently happening which is creating an increase in demand for quality lifestlye Retirement options. The competition are currently all building as many housing options as are possible to fill the gap which is estimated at approximately 40,000 additional housing units

Reasons for selling:: Selling this Business is not the right description, it is better described as a business investment proposition, the development will get too big for me to handle by myself, both physically doing the work and cash wise, I need additional investment to help me to complete the development. An investment of NZ$1m will give the investor a 20% shareholding in the Company. Refer to our attached Business Plan, the asset value of the Village in 4 years will be NZ$22m with no company debt.

Trading hours:: N/A

Employees:: N/A

Years established:: 2010, and 2018

Other Information

Support & training:: Possible joint venture

Financing available:: Joint venture partnership, investment option, or a full buyout considered.

Inventory / Stock value:: $2,800,000 (NZD)

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