Page 51 Advertisements Column 5

Press, 27 July 1988, Page 51

Properties For Sale Properties For Sale SHERRIS & ROBERT® MREINZ LIMITED jj SALE BY AUCTION KARAHA LODGE HANMER SHERRIS and Robertson Limited will offer for sale by public auction at their offices situated at 85 Picton Avenue, Christchurch on Friday, August 12, 1988 at 2.30 p.m. the freehold property being all that parcel of land containing 20.7211 hectares or thereabouts being Lot 1 on Deposited Plan 51538 and being all the land comprised and described in Certificate of Title Volume 30A Folio 1255 (Canterbury Land Registry). SUBJECT TO: The Reservations and Conditions imposed by Section 8 of the Mining Act 1971 and Section 168 A of the Coal Mines Act 1925. The land is zoned Rural A under the Amuri County Council’s Operative District Planning Scheme. Karaha Lodge is sited on the Plateau overlooking the Hanmer Basin and is approximately five kilometres from Hanmer township and 135 kilometres from Christchurch city. The lodge is currently operated as an exclusive hunting retreat mainly for overseas visitors and also as a conference and convention centre. The complex comprises alpine style lodge buildings constructed during 1987 with top grade imported Malaysian Hardwoods or Cedar, external sheathing on timber framing with iron roofing and concrete slab foundations. The buildings provide spacious owner’s accommodation, with sixteen luxury suites providing sizable guest bedrooms with ensuite facilities. There is a formal lounge, bar and dining room. There is room for a billiards table near the built-in bar. Generous use of glass takes full advantage of the excellent views across the Hanmer Basin. There are decks surrounding the Lodge and a large carport provides an impressive entry to the Lodge. The general decor is tasteful. Other improvements include three car garaging with a large drive and carparking area presently hardfilled and awaiting road carpet sealing. There is a tennis court and an inground swimming pool. Well established trees surround the Lodge area and the landscaping has been completed. Whilst the Lodge is currently being used as a hunting lodge operation in conjunction with a neighbouring Karaha Downs property the complex is also used as a conference and convention centre and admirably suited for use as a motel operation. This property is offered for sale subject to existing tenancies and occupations, if any. The purchaser will have an opportunity to negotiate the purchase of chattels at the conclusion of the auction. Particulars and Conditions of Sale may be inspected at the offices of the Auctioneers and also at the offices of G. A. Cameron, Barrister and Solicitor, at the 4th Floor, Manchester Courts, 160 Manchester Street, Christchurch.

INVESTMENTS $3.5M, new office, leased long term to Impeccable tenant. $650,000. Major ‘ bank as tenant, busy suburban location. $700,000. Leading supermarket on long lease with built-in central esculation. BECOMING VACANT 27,000 sq ft high stud warehouse, central location, $BO,OOO. Moorhouse Ave (3). Vendor wishes to sell this month. See us now, price $300,000-$900,000. Connolly and Associates, Ltd, MREINZ, ph. 662-932. INVESTMENTS. Sumner w/ board, 4 flats, $127,000, showing 18 per cent return on Investment. Barrington St, near shops, 2 x brick and tile, $105,00, 13% per cent return could be more. Linwood, 3x2 bdrm brick and tile, $162,000, 16 per cent return, newly decorated. Brighton 2x2 bdrm plus sunroom Summerhill stone, 15 per cent return. Ph. Peter King 797-320, a.h. 851216, Weston Real Estate, MREINZ. INVESTMENT $264,000 BLOCK of five permanent materials refurbished two bedroom flats, all on separate title. Each unit has very private lawned courtyard area. Showing good financial return. Contact 559-097 John Minty anytime. INVESTMENT $2.2. million, Large hotel complex. Leaseback by highest quality international tenant, long term. 11 per cent cap. rate. Location, plus the calibre of the tenant, will make this an ideal investment. Ph. Terry White 796-521, Wrightsons, MREINZ. INVESTMENT $300,000 plus GST, motel complex, 7 units plus 3 bedroom owners accommodation. Section for further development. Fully leased with 19 years to run. Phone Sue Briggs, Harcourts, 820-043 a.h. 886-514 MREINZ. INVESTMENT $650,000 COLOMBO ST RETAIL 18-MONTH-OLD building fully leased to strong tenants, now showing 11.5 p.c. return. Rent reviews December, possible return 15 p.c.-17 p.c. Some vendor finance available. Telephone Brendon Nally 430-339. SHERRIS & ROBERTSOH MREINZ LIMITED INVESTMENT $700,000 plus GST, Ashburton, large supermarket complex, excel, long term lease to National tenant. Good returns, on net lease arrangement. Review due May 1989. Further details from Whittle Knight and Boatwood, MREINZ, 790-410 Gill Knight, a.h. 481-652. INVESTMENT, $970,000 THlS.archltectically designed central city showroom/warehouse complex sited on 1262 sq m of land with 2 street frontages and provision for approx. 30 car parks provides an excellent opportunity for a buyer wishing to buy into the Central Business District. For further information please telephone: ’ BRUCE OWERS PHONE 797-830, A.H. 583-570 SOLE AGENTS Commerical and Industrial Division