NewstalkZB, Photo Credit to Bayleys
clock 15-09-2018
hit 416

Overseas Buyer Withdraws Bid for $20m+ Waterfront Estate

Te Rere Cove on Waiheke Island is back on the market after a foreign buyer withdrew the application with the Overseas Investment Office.


In August the Overseas Investment Amendment Bill placed tougher criteria on foreign investment in rural land and also banned foreign buyers from buying existing residential and lifestyle properties.

Interest in the property has been high, according to one agency.

The estate features French oak and granite with decor styled by interior designer Anna Desbonnets and was developed by interests associated with businessman David Parkinson, formerly of Cartridge World in Britain.




WHAT DO YOU FEEL ABOUT THIS?

0
LOVE
0
HAPPY
0
SURPRISED
0
SAD
0
ANGRY


COMMENTS
Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment.

SIGN UP NEWSLETTER

logo
Monthly Column
The staple of your property-related materials. It's all about being ahead of the game and with The Column, you get carefully selected information that will keep you informed and running with the pack. The best news, articles and properties on the market from the Property Hunter portal, conveniently wrapped and ready, just for you.