Am I A Glutten For Punishment ?
I've been in my current house for 22-23 years . The year I bought it , it was one of the most expensive sales in our larger city , and I was early 30's . A premium , architect designed house in one of the best locations .
This was my 7th house in 11 years , and I was early 30's .
A couple of years later , I spent quite a bit to do an update / renovation , and to suit my taste more . It was 18 years old at that stage . Some people said I was mad going from 6 bedrooms down to 5 , and from 3 bathroom/4 toilet up to 5 bath/6 toilet , but why not ?
Thats basically been it with a few tweaks . But I have done a few commercial buildings , from scratch or remodelled , and quite a few rental properties . I'm not a developer , not a 'flipper' .
My house has gone from being several hundred thousand worth , to several million now . I haven't thought about selling , for a variety of reasons -- it would be almost impossible to buy something else similar , especially in its location . Literally million dollar views , great house that suits me really well . It is within 3kms of 3 of my businesses .
Six months ago , I bought a commercial property that had basically been in the same ownership for 48 years , its on SH1 ( NZ's main top to bottom road ) , its on the corner of the street of one of my businesses , I just had a good feeling . I knew several other people would be interested , got the reports , and while its a mildly interesting story , basically I put in a 'once only best and final' offer , which is an unusual way of doing the real estate dance , but basically I went in probably $800k above where I would have normally started , and was 100% prepared to walk . In fact , I put a 48 hour time limit on my offer . The sellers agent tried to talk me up , will get back to me in a few weeks or months if no better offer , all the usual . I just sat there ( not literally ) , re-stated twice that was my money . At 47 hours , I got the expected phone call -- 'would you lose this for the sake of $200k' ? Yes . 30 minutes later -- 'Would 1 Dec suit for settlement ?' -- I got it !
So this was intended as my last development . Since then , a large multinational petrol company has taken a 20 year lease on part of the property ( they are paying good $$$$ , but they are doing all the work , and after 20 years will renew or re-instate or leave the building ) , a car franchaise wants me to do a build and leaseback , there is room to do all we need plus do around 30 industrial units or even 30 'live and work' units -- my architect has done some ideas with basements , 5 metre stud workshops , then 2 level of apartments above . Sure , it won't be plain sailing , but hey , that doesn't stop me haha .
Then , blow me down , I've now been offered another property , and I'm thinking seriously about it . It is a lifestyle block , 9kms from the edge of town , so 13/15kms to my businesses . 18 hectares , presently set up as mainly an equestrian property -- the stables and the railed paddock with sawdust , and the round paddock ( I think for 'breaking in' horses ) are no real use to me , but it has 3 large enclosed barns , essentially 3 entrances , heaps of space , and 'almost' an amazing house .
If I get it , I'll put up before and after photo's -- basically , it is 12 years old , primarily 2 storey , but a 3rd level in the steep roof has 2 more bedrooms each with a bathroom , and 5 more bedrooms and 4 bathrooms on the first level . Here's where it gets weird though -- they are in the middle of making about 3 of those bedrooms bigger , and including another bedroom ( so , yes , it will be 8 bedrooms ) by extending out over part of the ( 6 car plus workshop ) garage .
I'll get to the downstairs in a sec , but here's the weird bit -- it is up for sale because the current owners are both in prison ! They ( him and her ) are both accountants , and supposedly financial advisers , got in with presumably the horsey people and other influencial business people , lived like them , but ripped them off for well over $10 million ! The house is less than half that , but it all helps , they tried to have things in trusts etc , but anyway it is for sale .
Downstairs though is really where you have to see things -- the lounge is semicircular , with doors opening out to the pool and spa , 10 metres wide by 8 metres 'deep' , the entire curved and sloping roof ( its the only part of downstairs that doesn't have another floor above it ) is copper sheet !
Then theres , of course , the kitchen and butlers kitchen and basically a dining room , that goes right across the 10 metres . The dining room opens onto a glass conservatory , then that opens onto the tennis court .
But here's somethin g that is either weird or amazing , depending on your viewpoint -- there is a hallway ( no surprises there ) but there are 2 toilets/powder-rooms side by side , and the hallway is around 2 metres wide there . I guess for entertaining ? BUT beside them , but opening to the exterior ( not accessible to the inside ) is a 3rd toilet , and a shower and changing room , presumably for the pool and tennis courts . I asked , and when you lock the front doors ( yes , front entrance is double doors 2.8 metres tall ! ) this 'external' toilet electronically locks too !
Also downstairs is the formal dining room ( currently has a table with 6 chairs each side , and 1 top and bottom ) ; a Family room that opens to its own terrace ; the European laundry with its own external door ; a study ; an office which is 2 rooms ( 1 for receptionist ? ) ; a sewing room ; and a sauna .
Oh , and as well as the double doors opening into the marbled entry foyer ( with a marble 'fountain' thing that looks like a birdbath and basically is a medium dribble haha ) , yes , there is the grand staircase heading upstairs .
So all up , its nearly twice the size of my existing place ( and at 450 sq mtrs thats big enough ! ) and more upmarket I think , but that extra 18 hectares means we have heaps of options ( Council and neighbours willing ) -- storage or workshops for race cars ; work from home possibly ; have some cattle ; get a girlfriend with a horse haha ?
If I do get it , it will definitely be the last place I do . . . . . . .