In November 2019, a wholesale investor invested $100,000 in our Hastings Distribution Centre Property LP syndicate through the subscription of units in the syndicate. It is a 45,351 m2 warehouse tenanted by Heinz Wattie’s on a 7.65 lease (4.65 years as at 1 September 2022) with an 8% pa* projected pre-tax cash return, paid monthly.…
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In 2009, Mr and Mrs Brown approached Erskine Owen with a clear goal: retire in 2029, with $135,000 per year income after tax. Erskine Owen directors Alan Henderson and Lisa Phillips got to work. Working backwards from their 2029 financial goal, they put together a 20-year plan to achieve it through intelligent property investment. The…
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29 William Ave, Manurewa was secured on behalf of our clients through an auction process with the purchase price of $902,500 in July. The 1960’s-built weatherboard home with open plan living comprises of three bedrooms, one bathroom and one separate garage presented in tidy condition. The property had established tenants who wished to stay on.…
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45 Barrington Drive, Hamilton was secured through an auction process in May for $1,027,000 with vacant possession. The owner was downsizing to a retirement unit. This house is a 2006 built low maintenance construction with 2 living areas in open plan configuration and connected outdoor flow, 3 bedrooms, 2 bathrooms and double internal access garaging.…
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How We Secured This Property: We first heard of this property in Hastings through an agent in our network around September last year. We expressed interest but as it was a re-build we waited for progress to be substantially under way and a lease document to be finalized with the proposed tenant. This was done…
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Erskine and Owen were able to secure the property below “off-market” as Buyers’ Agent for one of our property investment clients. This opportunity came to us via our network of real estate agents due to the special circumstances of the vendor. The vendors were selling to raise funds to build, however, they also needed a…
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We have recently purchased a commercial daycare property yielding 5.5%, with a recently signed 10 year lease and reputable tenant. The existing clients have an established residential portfolio and were looking to add a property with strong yield as they are nearing retirement. Through our sister company Point Property, we will manage the property post…
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This property in Hamilton was on the market for sale by negotiation and due to its popularity it went to a multi-offer. Using our local market knowledge and expertise we were able to put together the winning offer and secure the property for our clients. This is our client’s second property purchased through Erskine +…
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Our comprehensive property investment service covers everything from financial planning, mortgage brokering and sourcing investment properties to the management of the property post purchase. This full turnkey service helped our clients through the entire process, to secure their first investment property. Planning & Finance This overseas based client contacted Toby Hunn at Erskine & Owen…
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A Queenwood, Hamilton property purchased on behalf of clients has gone unconditional Friday 5th June. The purchase price of $690,000 is for a 4 bedroom, 1 bathroom home with internal access and double garaging, located in the northern suburbs of Hamilton. A LIM and property file review was undertaken, as was a building inspection, with…
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