Expats living in Netherlands buy investment property that rents out immediately
The problem
Based in the Netherlands, New Zealanders Cheryl and Jimmyneeded a home for their eventual return to Auckland, and a good investmentreturn in the short term, but didn’t know where to buy, how to complete duediligence from overseas, or who to trust.
Where we added value
We refined the brief to maximise their $900k budget to allowa beachside lifestyle and attract good tenants. We completed very thorough duediligence on the chosen apartment building, and negotiated down a prime twobedroom apartment with views in Long Bay that we knew would have appeal to goodtenants.
The home rented immediately at almost 5% return.
The outcome
Cheryl and Jimmy benefited from the current buyer's marketand currency conversion, maximizing their budget to secure a beachside home andinvestment.
Buying an investment property in Auckland from Europe would have been a daunting process without the guidance and on-the-ground support from Martelli Buyers Agent. From the initial property search and viewings through to due diligence and settlement, Vanessa and Alex were incredibly professional, knowledgeable and personable.
They were also very accommodating of the time difference between New Zealand and Europe, and we really appreciated the structured weekly calls, which kept everything organised and moving forward. They also recommended excellent professionals, including our conveyancing lawyer, which made building the right team around the purchase much easier. We are extremely grateful for their expertise and support in helping us secure the right property and would highly recommend them.
A member of the Real Estate Institute of New Zealand (REINZ)