Commercial property secured with strong yield AND capital growth potential

Published on Thursday, June 25th, 2015

This five unit multi tenanted Hamilton commercial property was recently purchased for $100,000 under valuation. With a current net yield of 10%, we saw capacity to immediately increase the yield to 11%. With spare land, on which a sixth unit could be built, we saw significant potential for the new owner of this property to […]

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Erskine + Owen acquires commercial office building for client

Published on Monday, December 9th, 2013

Last month our lead commercial property buyer secured the following property for our client: Purchase price $2.010m Rent $159K per annum Yield 7.92% Lease: 6 year lease beginning in October 2013 with 2, 3 year right of renewals Strong tenant – well established company Property type – two level office space with no earthquake issues […]

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Helping to make a new Whangarei business dream come true!

Published on Thursday, May 9th, 2013

Mike and Carolyn were looking to secure a property to launch their day care business. A site was identified and we worked through the process to negotiate the price and terms they required. They didn’t want to settle too early, but they needed access to renovate the dwelling ready for opening day. We agreed a […]

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Client gets the 9.2% yielding property they want

Published on Thursday, May 9th, 2013

We recently had a brief from a client to source a property with a value up to $1.5m and a 9% + yield. Jan 2013 our client went unconditional on the following: Purchase price $1.450m Rent $136k per annum Yield 9.38% Lease: 4 months in to a 4 year lease with 2 x 4 year […]

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