Property

Exclusive property up for mortgagee sale

An American business expert is being forced to sell his New Zealand property in a mortgagee sale.

Friday, August 30th 2013

James Dale Davidson and his wife, Taciana, own a property on the exclusive Wharekauhau Estate, in Wairarapa. It is being marketed for mortgaee tender by Bayleys.

The property has six bedrooms, is more than 620 sq m in size and has 4000 sq m of land. 

The main Wharekauhau Lodge has nightly room rates ranging upwards of $920 – with celebrities such as Jack Black, Tom Cruise, Nicole Kidman, Meg Ryan, the Rolling Stones and Bill Gates among the "rich and famous" to have stayed there.

Grant Henderson of Bayleys Wellington said the horse-shoe shaped home had been set up to accommodate several families or groups simultaneously – with various guest wings having access to their own living areas.

“With the ability to add the home into Wharekauhau’s luxury lodge stable of accommodation options, this potential revenue stream allows for any new owner to utilise the dwelling on a casual basis. Alternatively, it can be purchased for exclusive use."

Davidson's house is believed to have a CV of $1.6 million and a mortgage of $2 million.

Tenders close on September 18.

Comments

No comments yet

Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

More Stories

Support for regulation

Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

A better investment market

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

[OPINION] Recessionary times

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

Interest rate expectations: It’s not over yet

Thursday, March 07th 2024

Interest rate expectations: It’s not over yet

Most Kiwis think interest rate increases have peaked.