Page 30 Advertisements Column 3

Press, 15 June 1983, Page 30

SELECTED NXWIDE INVESTMENTS $308,000: New high-stud Warehouse Building of approx 6136 sq.ft, with good offices/amenities. Leased 12 years plus renewal, lessee pays all outgoings, two-yearly reviews. Initial rental $30,800 pa. Located Otahuhu. $360,500 to $501,000: New Owner-Occupier Office Floors located next to Cable Car, Lambton Quay, Wellington. Fully leased, six floors on Freehold Unit Title offer gilt-edge security and amazing Capital Growth potential. Floors are carpeted, three are newly-partitioned to Architect's design. $250,000: New Industrial Building, high-stud, multiple truck entry, approx 4700 sq.ft in total. Leased 12 years plus renewal, tenant pays all outgoings. Initial rental $25,000 p.a. Located Petone. $625,000: Modern Commercial Complex leased to top-line N.Z.-wide tenant for 15'years plus renewal. Initial base rental $65,200 p.a. yield 10.48% first year with annual review. Wellington location: $440,000: (with $300,000 First Mortgage available at 15%). Modern Shopping Arcade of sixteen shops, all well-leased with rental reviews next year. Income currently $60,037 p.a. yields 12.6% net. Located Christchurch. $432,000: Modern Retail Building in central position, leased 15'years plus renewal to faultless tenant who pays all outgoings. Income currently $39,768 p.a. Auckland location. $1,347,000: New Office Building of approx 18,500 sq.ft, with 17 carparks. Prominently located and leased to one of NZ's leaders in its field. Initial income $151,930 p.a. yields 11.28% initially. Provincial centre location. $410,000: New Branch Building for NZ-wide tenant. Leased 15 years plus renewals, with all outgoings paid by tenant. Initial rental $45,000 p.a. yields 10.85% net. Palmerston North location. OTHERS AVAILABLE CONTACT THE INVESTMENT SPECIALISTS PAUL HASTINGS REAL ESTATE MREINZ 246 Lambtoo Quay 722-666 After Hours Paul Haitingi 736-429 or lan Sweetapple . 763-895