A group of Waikato developers hope to entice Auckland buyers by giving away the one-acre Kiwi dream.

A group of Waikato developers hope to entice Auckland buyers by giving away the one-acre Kiwi dream.

Steve Godley and his wife Jan, along with business partners Adam Marsh and Carol McColl, have pledged to give the full purchase price of one of their 38 lots from their Te Kauwhata subdivision back to one lucky buyer after a year. 

Twelve of the 38 Vinyard Road Estate sections went on the market this week at a fixed price of $270,000. The remaining 26 would be auctioned in groups in the coming months. 

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The two of the fixed price sections had already sold and news of the promotion had "pricked the ears" of quite a few people, Godley said. 

"We are going to have a draw, which will be supervised by a Justice of the Peace, done correctly, in a year's time. And at that draw, someone, some lucky purchaser of one of our lots will receive full purchase price back."

The idea of refunding the section price was the brainchild of Marsh, Godley said. "We were talking of all sorts of ways of really promoting the subdivision, really getting it out there and making people take notice of it and it was Adam's idea that 'how about we give one back?'."

The draw was not limited to the fixed price sections and the amount returned to the winner would depend on how much the section sold for. 

"We can't be sure what that price will be but the minimum of what it will be is $270,000. And then if we get more at the auction, which we are very confident of doing, we will be giving back a higher price than the $270,000."

Barfoot & Thompson Pukekohe branch manager Nick Bates said they had wanted to grab the attention of people considering a lifestyle move with an offer that" just has to be considered".

The location of the lifestyle sections of over an acre was ideal, Bates said, for those looking to escape the heated Auckland market and still wanted to option to commute to nearby cities for work.

Midway between Auckland and Hamilton, Te Kauwhata is around a 40 minute drive to Manakau and the urban heart of the Waikato. Auckland city was a 73 kilometre commute from the small town.

Godley said an open day would be held on Sunday at 3pm. "We think it's going to go pretty well up there and it's certainly generated the interest when people hear about it, the promotion side of it.

"I think the time is right for that area anyway. It's got big potential anyway but this promotion has certainly made people prick their ears up."

Stacey Oliver - Stuff

Image: Bruce Mercer/ Fairfax NZ
A group of Waikato developers have pledged to refund the purchase price of a section from their Te Kauwhata subdivision to one buyer.


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