11/06/2024
It looks like BULLS NEEDS RENTALS. There's never many on Trademe, and they're normally really expensive. For young people moving out of home here, there's not many places for them to go in this town, and Ohakea growing just adds more housing pressure. So I had a rental appraisal done on a two bedroom design we've got on file, and then an 'as built' valuation for the unit on the land we have, and the gross yield is around 9%. I'd like to develop around 10 dwellings on the land behind the shops in High St, and have got consent for similar size properties 2 doors up the road. I'm also thinking one bedroom units would help pensioners because there's not a lot out there for them either. It'll take quite a bit of dough to build these so am open to property investors either buying all or part of the proposed units at the appropriate time (we're working on a part ownership system with our lawyers at the moment), and if you'd like to register your interest, just send us a message.