SELECTED SOLE AGENCY INVESTMENTS CHRISTCHURCH TO AUCKLAND OFFICE BUILDING: WilSs St Weffingt«t Under construction, completion Marcti 1986, comprises approx. 17,000 sq ft, two-storey, plus basement garaging for 20 cars, with lift serving all floors. Two tenants, attractive lease terms. Price Yields 825% nett initially. WAREHOUSE Leaseback. Palmerston North (good history of rental growth) or attractive lease terms, well-located warehouse-showroom-otfico building of approx. 8600 sq ft on % acre main road site. Tenant ($1.25 million paid capita!, established 1882) pays all outgoings. Price 3363XC0. yields 10% initially. OFFICE BUILDING: Christchurch. Modem construction, with carparking, ideal for ultimate Strata Title sales, meanwhile weS-teed. Income currently $77253 p.a. Price $747250, yields 926% nett inlWy. COMMERCIAL BUHLDING: Taupo location (where recent rental reviews have been extremely attractive). 'Monopoly' tenant has 21 year tease plus rights of renewal, three-year reviews, pays aB outgoings. Initial rental $78,000 pa. Price $745,450, yields 10.57% nett WLElfy. INDUSTRIAL: Christchurch, long term lease, three year reviews, tenant (wellknown local company) pays an outgoings. High-stud warehouse building approx. 23.000 sq fl plus offices on oneacre site. Income currently $57203 p.a. Price $525,500. yields 11% nett initially. OFFICE BUILDING: Auckland. Attractive, suburban office building approx. 9700 sq fl wifli 21 carparks. Insurance company one tenant Price $850,000. yields 92% nett initially. OTHER INVESTMENTS AVAILABLE N2L-VROE PAUL HASTINGS REAL ESTATE ; •. MJLEIKZ. 248 Lambton Quay. 722-063, PA Box 10-OM, WELLINGTON IjhLH. Paul Hastings 738-429
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Press, 17 November 1984, Page 23
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229Page 23 Advertisements Column 2 Press, 17 November 1984, Page 23
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