Page 51 Advertisements Column 4

Press, 29 June 1988, Page 51

Properties for Sale INVESTMENT character home in Shirley, good condition, in 2 one bedroom flats, returning $lBO p.w. Asking only $66,500. Excellent value. Phone now for details, Roger Turner, 517-141, a.h. 526-845, Ramsay Real Estate, MREINZ. INVESTMENT First time offered. 3 apartments, in excel. order, with 11 good tenants, at $45 p.w. Older style home, in prime location, in good repair, with good quality chattels. Nett rental, $21,000, showing 13.1 per cent return at purchase price of $160,000. Sole agents, Simes and Co., MREINZ. Ph. 517-052, Richard Palmer. INVESTMENT FLATS HOLLY Road, on 42 perch section. 12 x 1 bedroom units in perm. mats. Built to sun. Giving $56,160 p.a. return now. Could achieve 14.7 percent p.a. return with rent rise to current rates. $425,000. Call the Specialist TONY BRAZIER 660-991 Bus. 555-305 a.h. INVESTMENT GENUINE GROWTH POTENTIAL FIRST 6 MONTHS $590,000 KILMORE ST, opposite Town Hall and Parkroyal Hotel. Well tenanted first floor to professional firm and ground floor to national company, absolute blue chip location, showing very good return, with rent review due in December on Ist floor, investments of this calibre at this extremely good value, seldom become available. Phone now Dick Thomas 790-604, a.h. 559569. SIMES INVESTMENT house in 3 flats, 3 garages, rents s2lspw, redecoration would boost rentals, 36p section, close Woodham Rd, $65,000, sole agents 662428, Glass/Blackwell, MREINZ. INVESTMENT LOW DEPOSIT ST ALBANS. Don’t miss out $20,000. Second mortgage from vendor. Florist Shop, Bridal Boutique and 2 bedroom house, leased 6 years returning $14,560 p.a. Will swap, only $85,000. Sole agents, 790-604. Simes, MREINZ, a.h. Dean Marshall. INVESTMENT, Pages Rd. 68375 q ft warehouse factory. Rent $24,324 p.a. Price $210,000. Ph. Hing Wong, 796521, Wrightsons, MREINZ. INVESTMENT PROPERTIES VIC. BIRMINGHAM DRIVE, $330,000. 10 year lease, yield 10.9 per cent. WALTHAM, $179,000. Car yard, must sell, present yield 18.5 per cent. SOCKBURN, $525,000. Excellent tenant 6 year plus 6 lease, yield 11.4 per cent. CITY, $385,000. Zone C 4, great potential, corner site, yield 9.44 per cent. ADDINGTON, $65,000. Lease s'/j years to run, ideal first investment. ST ALBANS, $1,375,000, shopping centre, excellent tenants. Further potential, yield 12.15 per cent. For information on these and other properties, please telephone Bruce Owers Commercial and Industrial Division Ph. 797-830, a.h. ph. 583-570 INVESTMENTS COMMERCIAL $65,000. Fully leased 2 year R.R., 11.5 per cent return on purchase price, modern unit. $120,000. Sound tenant, 10 year lease, 2yr R.R. Modern unit, 10.5 per cent return. Immediate. $1,350,000. Leased to national company. 20yrs lease, 2yr R.R., next due November, 12 per cent return. $479,000. Close city centre, leased to, major public company. Long lease. Attractive return. $2.75M. New office complex head leased to public company, 9 per cent return. Long term lease. $130,000. Compact warehouse unit pf 3340 sq ft, suit owner occupier or could be let as two units. $275,000. Fully leases returning 10 per cent from day one. Rent review 1989. $600,000. Fully leased to public company on lease till 1997, 11 per cent return, excel, growth potential. $480,000. Main South Road, two units leased to substantial tenant, 10 per cent return. Make an offer. $280,000. New attractive warehouse unit of 3455 sq ft, guaranteed rental, growth potential. For further details of above and other Investment opportunities, Phone lan Irving, 790-640, a.h. 554-694. SIMES INVESTMENTS INVESTOR REQUIRES Mg “ : 91 » I • Blocks of flats ® Character houses converted to flats • Cash to $250,000 Please phone Greg Armstrong, a.h. 323-047 or 797-830 at: INVESTMENT Sockburn, factory/warehouse. Long lease, rent $62,000 p.a. Sell at registered valuation $578,000. Ph. Hing Wong '166-521, Wrightsons, MREINZ.