A Japanese resident sought to purchase a commercial investment property as part of is wealth mix but also for tax purposes.
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.
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Nathan P
"Michael was fantastic to deal with from the first meeting right through to settlement! He took the time to understand what we were looking for and then gave regular updates once the list of potential options started coming in. Michael was able to refine the list and found a great off-market option which we were able to secure quickly. It was pretty much exactly what we were looking for. I would definitely recommend Michael to others."
