3-bedroom home with triple garage for sale, which comes with a Licence to Occupy (LTO) - LTO will be transferred to buyer upon full receipt of purchase price.

Located in Kaingaroa Forest Village - a small, rural town approximately 40 minutes-drive south of Rotorua (BoP Region). The land is Māori-owned and therefore not a part of the sale, although of course, you get to use the land. Only the dwellings i.e., home/garage on top of the land are for sale.

The land is owned by Ngāti Manawa (Tuhoe) and vested in an Incorporation, called the Kaingaroa Forest Village Incorporation (Kaingaroa Council) - it is NOT in an Ahu Whenua Trust. The Kaingaroa Incorporation (Council) do allow all LTO holders/property owners in Kaingaroa Village to sell/transfer their licences. Also, you do not necessarily need to whakapapa back to the land when buying/selling/transferring LTOs in Kaingaroa (in general, with LTOs you do, but in this particular structure/system set up by the Kaingaroa Incorporation, you do not). There are several LTO holders who do not whakapapa (including my father who bought the house before his passing), and some LTO holders/property owners of Kaingaroa are Pākeha or of non-Māori descent.

My particular LTO is due to expire in 2078, where it will only cost the buyer a small fee to have it renewed for a further term (or terms) - that fee is a little over $60 today, although I would presume it would have increased somewhat (although not a whole lot) in the year, 2078. Each term is usually renewed for thirty years when it comes to LTOs in Kaingaroa, and generally they will renew for 2 or 3 terms at a time.

There are NO annual fees or any type of ground rent/fee charged for Licences to Occupy, as there are with leases. Once you have purchased the property and the Certificate of Title and LTO have been successfully transferred into your name, your only expense ongoing will be the weekly rates/levies, which are charged by the Kaingaroa Council at $45 per week - these expenses are for water, rubbish collection etc.

All interested parties and potential buyers must be aware that this property will need work and renovations, which means you must be willing to invest the time, effort and money into renovating. Particularly suitable for those with a building background or with DIY/house flipping skills and/or connections to those with the necessary handy skills.

A list of required renovations are attached in the Documents section of this listing, which outlines the issues with the property - some which are simply cosmetic, and some which are either plumbing-related or more structural.

This house was once in a much better condition and I know for a fact that it has a lot of potential, so long as it lands in the right hands. Hopefully, a new buyer can restore it to its former glory, if not make it even better!

Additional photos, video footage and viewings can be provided upon request. Viewings are available by appointment to suit your schedule. Please use the 'Request a time' button or contact us directly to arrange a time with the property caretaker.

Special Features

Native bush.

Locality / Area

Superette .
Local Council (Admin) .
Māra Kai (Community Garden) .
Kohanga .
Primary School .
Park/Playground .
Timber Mill (KLC) .
Logyard (KPP).