Over 7% yield in Hamilton with latest syndication offer


In June 2017, Erskine + Owen went unconditional on a 31 room lodge in the heart of Hamilton’s CBD. The Hill Street Lodge is a solid 1970’s concrete office block that was converted to student accommodation in the mid 1990’s.  It is an established lodging facility that has been in operation for many years.

  • It has a low vacancy risk with an average occupancy of 90%
  • It offers subscribers a projected yield of over 7%

This syndication is a hybrid between residential and commercial, which means owners get the benefit of a commercial property with residential tenants, giving a greater opportunity to provide rental rate increases, on a more frequent basis.

With commercial leases there is often a risk of long vacancy periods. The ability to acquire a new residential tenant is quicker than a commercial tenant due to the nature of residential accommodation.

Why Hamilton? Hamilton is currently the third fastest growing urban area in New Zealand. It continues to expand through its long relationship with the agricultural, education and construction sectors. Hamilton also enjoys property value increases from the Auckland halo effect.

This opportunity was offered to a select number of clients on a syndicated basis. Syndication is simply grouping together a number of independent investors to buy one property.

So low vacancy risk, great return and growth potential.

If you’d like to increase your property portfolio but believe current market conditions are too tough – Erskine + Owen’s syndication opportunities could be the answer.

We now have the next property we will syndicate. A Queenstown property with breathtaking views and great yield. Click here to read about our latest opportunity or email us  syndication@erskineowen.co.nz..

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Published on Tuesday, July 4th, 2017, under Buying Property, Examples, Syndication

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