Client sees exceptional capital growth on first investment property

December 9, 2013

In September 2011 we purchased a property for a client in West Auckland for $435,000.  In October 2013 our client had the property re-valued by an independent registered valuer for $660K, based on other sales in the area. That’s a $225K capital gain in 2 years – 24.8% capital growth per annum, compared with the…

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Erskine + Owen acquires commercial office building for client

December 9, 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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West Auckland suburb experiencing strong capital growth

September 9, 2013

This client wanted a property that had good strong capital growth potential over the short term and beyond. We agreed on particular suburbs that have shown through our research to be drivers of long-term sustainable price growth, and searching was focused in these areas.  We are currently working in a rapidly moving market. It took…

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Some West Auckland suburbs still a ‘hot spot’ for strong capital growth

September 9, 2013

  There are still areas that have a solid capital growth record in West Auckland, and this was what our client was looking for when we found this property. Ready to rent straight away this property was a full site, in a sought after area. There are still little gems like this if you know…

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E+O procures highly sought after property – secured off market

August 9, 2013

The market is particularly “hot” in many areas and for some types of property – e.g. 1960’s weatherboard properties on full sites around the $500k mark. Hot can be defined as multiple offers, 6–11, being presented with the accepted offer often being unconditional and at a price that would set a new precedent for the…

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Successful auction bidding on behalf of UK client

July 9, 2013

We were recently engaged by a Kiwi couple living in London who wanted to secure a property in Northcote, Auckland. They had identified two properties. We attended the first auction on their behalf. While we were bidding in the middle of the day they were sipping hot chocolate before bed. We were the underbidder on…

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West Auckland property with subdivisable potential

May 9, 2013

Client Brief: Wanted to start portfolio and had good purchasing power. Took our recommendation as to where and what to buy. Purchase date: Dec 2009RV: $565k Purchase Price: $545k – inclusive of our fee Equity on purchase: $20k Land: 1,153m2 – coastal Dwelling: 3 bed, 90 s/m do up, plus large garaging/ office Rent: $360 p/w…

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Helping to make a new Whangarei business dream come true!

May 9, 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

May 9, 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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West Auckland focus on capital growth

October 9, 2010

Client Brief: Kiwi expat living offshore wanted to start NZ property portfolio. However needed guidance as to where to buy, and needed on ground expertise. E+O  delivered turn key solution – from advising where to buy for maximum capital growth to the finished, renovated and tenanted result. Purchase date: March 2009 RV: $350k Purchase Price:…

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