Client Type
Investor
Service Type
Buyers Agency
Purchase Price
$2.17m
Transaction Type
Auction
Zoning
Commercial
Property Type
Retail Terrace

A Japanese resident sought to purchase a commercial investment property as part of is wealth mix but also for tax purposes. To achieve the full benefit, the client required a property that was a minimum of 50 years old to provide a depreciation opportunity under Japanese tax law, supported by good growth prospects, as well as be readily lettable. This property on Glenmore Road Paddington at five ways met these requirements and we secured at auction and continue to manage the property on the clients behalf.

The property purchased at Glenmore Road Paddington