Gobuta Street Estate sold out

 THE Gobuta Street Estate, a joint venture between Australian-based Berkeley Capital Group and National Housing Estates Ltd, has been sold out.

Group managing director Lauchlan Leishman said it was a positive result given that were only 48 homes available. 

The estate is located in Tokarara.

“Our demographic research indicated that there was a shortage of this style of quality yet affordable property, so it’s very satisfying to see the quick take-up,” he said.

Leishman said all the homes except two were three-bedroom and two-bathroom properties. 

“Security is provided by 24-hour manned guardhouse and modern fencing. Construction started this week on the first four homes and Berkeley Construction, building to Australian standards, aims to complete them in 16 weeks,” Leishman said.

He said another outstanding feature of the estate was the record time to complete all the civil works.

“The roads, water, and sewer lines are all in and the power is underground thus avoiding the unsightly wires for the street lights to the homes.

“The BSP First Home Ownership Scheme has been instrumental in allowing many couples to achieve the dream of buying their own homes and getting out of the rent cycle,” Leishman said.