Page 24 Advertisements Column 3

Press, 12 October 1985, Page 24

White Streets, Auckland City. A high-rise office building of 1905 sq m under construction has. been purchased from Mayfair Developments Ltd for $3,480,000. Property when completed will be leased to Online Business Management Ltd for 15 years. Mr Martin Dunn of Bayleys Real Estate Ltd, Symonds Street, negotiated this sale. No. 133-67 McAlpine Street, Christchurch. An existing factory/office building of 1321 sq m has been purchased for $400,000. The property is leased for 12 years to Steelpro Industries Ltd. Mr R. Bridge of M. B. Cook and Co. was the introducing agent No. 134 Cur Rangitikei and Featherstone Streets, Palmerston North. A 936 sq m office building has been purchased from Warnaco Investments Ltd and will be constructed by R. E. Henn Ltd. The property when, completed will be leased to Westpac Banking Corporation for 21 years. The purchase price of $1,220,000 was negotiated by Mr Brian White of Brian White and Associates. Mutual Funds purchases single-tenancy properties, either existing or to be developed, on a continuous basis provided such properties are leased to single tenants and have a value over $750,000. Advice of such properties should be given to Robin Smith, Chief Executive, M.F.L. Mutual Fund, • telephone 64-363 or 60-759 Christchurch.