Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Bayleys international tender brings Kiwi ex-pats home

Bayleys international tender brings Kiwi ex-pats home

A luxury home on a 10 hectare lifestyle block in Esk Valley just north of Napier has sold for an undisclosed sum through an international tender process.

The 300 square metre three-bedroom/three bathroom home was bought by an ex-pat
New Zealand family who plan to return to the area from many years living offshore.

The sale was brokered by Jo and Rex Lorigan and Hadley Brown of Bayleys Hawke’s Bay.

Mr Lorigan said the sale process for the property attracted strong interest from potential buyers in the UK, USA, Australia, Fiji, Singapore, and Hong Kong. In addition, families from Hawke’s Bay and elsewhere in the North Island showed active interest in buying the property. The tender process brought the best buyer to the fore and a sale was negotiated quickly after tenders closed.

“A river runs through part of the property, but as the successful purchasers are New Zealand citizens – albeit living abroad – there was no need to seek Overseas Investment Office approval and the whole process was relatively straightforward,” Mr Lorigan said.

“The property has a horticultural crop planted on approximately one-half of the land, and this has been generating income for the previous owners. The new owners said the opportunity for trout fishing on their back yard, combined with the avenue for running a boutique home business were two of the big attractions which leaned them towards buying the property.”

Mr Lorigan said that by taking the property to tender internationally the marketing process opened up a far wider potential buyer audience for the vendor.

“And we turned out to be right” he said.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news