ALPINE INVESTMENT OPPORTUNITY

Expressions of interest are currently being sought from astute investors/developers for the sale of a 27 lot lifestyle block subdivision in the very popular Horopito area midway between the Whakapapa and Turoa ski areas.

Our vendors who are realistic in the current economic climate will consider all reasonable offers either for the whole or part of the development and will also consider taking a trade in part or full payment.

HOROPITO - THE NEW FRONTIER

Approximately 750 metres above sea level some 15 kilometres from Ohakune on State Highway Number 4, you will find a sub-alpine area that is truly a place of beauty and solitude.

With its awesome mountain views, patches of native bush and pretty mountain streams, this area is becoming a sought after popular haven for those people wishing to live and holiday in a unique environment.

Past development in the area resulted in larger properties being subdivided into smaller lifestyle blocks which were keenly sought after and as a result all sold very quickly.

New housing is already being constructed on the newly created lifestyle blocks and several of these are high value quality homes.

Stages one and two of the Matapuna Road subdivision encompassed twenty, one hectare blocks, all of which initially sold within twelve months of them being placed on the market. Contributing factors to the demand for property in the area and the subsequent success of the developments to date would include:

- The area's proximity to the Tongariro dual listed World Heritage Park.
- The central location midway between the major ski areas of Whakapapa and Turoa.
- It's pristine sub-alpine environment.
- The outstanding views of Mount Ruapehu.
- The many stands of mature native bush.
- A number of clear mountain streams traversing the area.
- The inescapable fact that land in the area is considerably more affordable than the prices being paid for similar size properties adjoining the boundaries of Ohakune Township.
- The proximity of the area to the national cycleway projects.

THE SUBJECT PROPERTIES

The two properties being offered for sale lie immediately adjacent to stages one and two of the existing successful Matapuna Road, Horopito development. Lot 3 has a total area of 18.6 Hectares and Lot 4 has an area of 15.6 Hectares.

Resource Consent has been granted to subdivide Lot 3 into a total of 14 lifestyle blocks and Lot 4 into 13 Lifestyle blocks. Permission is currently being sought to stage the development of each Lot into two stages. Both properties are accessed off Matapuna Road.

Both properties as a whole possess a number of attributes such as outstanding mountain views, stands of native bush, streams and waterways, areas of wetland, open grasslands and areas of native manuka all of which add to the attractiveness of each of the new lifestyle blocks.

In regards the subdivision into one hectare lifestyle blocks particular attention has been given to aligning boundary lines in such a way as to provide house sites on as many lots as possible that can take advantage of the awesome views and also to ensure that as many lots as possible incorporate areas of native bush and streams and waterways.

The Ruapehu District Councils proposed new district plans incorporates a number of rule changes in relation to the subdivision of rural land which means that this rural/residential subdivision will be one of the last of its type in the area.

This is a real opportunity for astute investors/developers to become involved in a development that should provide a very good return on their investment in one of New Zealand's more progressive locations.