1 of 1
Overseas Buyer Withdraws Bid for $20m+ Waterfront Estate
image
International News
NewstalkZB, 15 Sep 18
clock 15-09-2018
hit 187
Photo Credit Bayleys

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.

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

Sign up for instant access to the latest Property Hunter news, articles, updates, behind-the-scenes content, offers and more by newsletter.
By subscripting to Property Hunter you agree to PropertyHunter's Terms of Use and Privacy Policy.