Huge residential property investment portfolio up for sale
There are seven properties in Hamilton, New Plymouth and Palmerston North. They are being sold by Bayleys through a tender process.
The properties have a combined valuation of $15.6 million and were owned by Jenepher and Kenyon Clarke. They were behind the Sarvee group of companies. Twelve of these companies were put into receivership in 2008 by Bank of Scotland.
Bayleys sales consultant Cameron Melhuish says the properties being put up to tender represent a significant chunk of private accommodation in those respective markets.
The seven properties include:
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