Page 55 Advertisements Column 3

Press, 19 July 1989, Page 55

Properties for Sale INDUSTRIAL, 2 adjoining 1800 sq ft (167 sq m) buildings, close cnr Fitzgerald and Moorehouse Aves, return $15,496 p.a. (nett). Note: vacant possession of one unit could be given. Price $131,500. Ph. 660-212, W. C. Mehalski, MREINZ. ♦ . ♦ ♦ INITIAL Homes show home open daily, 247 cnr Main South and Springs Rds. For land, house and finance information, the obvious choice for the new home buyer. Ph. 430-122 or a.h. 832522 or 832-712.■ INVESTMENT flats, Memorial Ave, 2 flats in need of tender loving care, one two bdrm and sunroom, the other 2 bdrm. Presently returning 10 per cent p.a. due to low rents, hot great potential, 4154,000 for both. Ph. sole agents, Milton Odgers of Whittle Knight and Boatwood, MREINZ, 484-749 a.h. 371-522. INVESTMENT FLATS PERMANENT MATERIALS MERIVALE/ST ALBANS 6 units, $205,000,13.4 per cent CENTRAL CITY 4 units,'s22s,ooo, sep. titles ST ALBANS 6 units, $221,000,14.1 per cent MAIREHAU 2 units, $125,000, sep. sales potential RICCARTON 3 units, $215,000,13.3 per cent For further Information and appointments: Call the Specialist, TONY BRAZIER, 660-991 BUS. 555-305 A.H. INVESTMENT FLATS RICCARTON SIX excellent 4 bdrm modern units, purpose-built for students, close to University. Guaranteed rental Income of $62,400, provided by vendors, on 12 mth leases. This solidly constructed block gives you approx. 15 per cent p.a. return on $425,000. CITY TEN superbly designed and maintained units, Just a few blocks from the Square, these 2 and 3 bdrm units are capable of returning $69,160 p.a. or 13.3 percent p.a. on $520,000.

CITY PRIVATE hotel, on prime inner city site, adjacent to land sold recently for $BBOO per perch. Earning approx. 20 percent nett return, on 40 perches of RSA land. For more Information on these and other excellent investment properties, in all areas, call the speecialist: TONY BRAZIER 660-991 Bus. 555-305 a.h. INVESTMENT, ideal opportunity for rental or further development with 2 new town houses, plus 3 bdrm character home on 'A acre site, close to city. Returning approx 16 per cent p.a., $190,000 0.n.0. Ph. Jane Ross, 650-770, a.h. 557-833, Joan Harnett, MREINZ. INVESTMENT KAIAPOI FACTORIES FOR SALE $22,500 Cone Block factory showing 13 per cent return. $32,500 Adjoining factory suit owner occupier. $40,000 191 sq m factory Ideal investment, would make good storage facility. $250,000 766 sq m, Tilt slab factory and offices, vendors would lease at 10 pe cent per an. and verlables. $700,000 egotlable. One year old tilt slab building of 1675 sq m offices and factory. Well leased at 11M per cent nett. For details call for Samson 653-740 or 277-679 a.h. Harcourts, MREINZ. INVESTMENT opportunity. Corner site in busy suburban street, currently leased as dairy plus separate flat and returning over 14.5 p.c. $112,000. Call me today, Steven Marshall 556-116 anytime. Harcourts MREINZ. INVESTMENT Prime inner city location REFURBISHED warehouse, office of 2700 sq ft. Rental $16,500 p.a. (or could be vacant possession). Asking price $140,000. Phone Dick Thomas, 790-604, a.h. 559-569, W. E. Simes and Co., MREINZ. INVESTMENT PROPERTIES PAPANUI (WESTON RD) LARGE house in 2 flats, perm, mats, returning $250 p.w. Could be easily converted back to family home, asking price $129,000. WAIRAKEI RD (BRYNDWR) 9000 sq.ft purpose built tilt slab cricket centre and squash court with 9 year lease returning 13 per cent at $375,000. Ph. Bryan Pearce 795-060. INVESTMENT several excellent commercial properties, Moorhouse Ave, 2000 sq. ft., $llO,OOO Sydenham, 2300 sq. ft, $llO,OOO, Sydenham, 3700 sq. ft, $165,000, Sydenham, 7300 sq. ft, $350,000. For further particulars, phone 583193. INVESTMENTS wanted, blocks of flats, shops, well leased units, if you want to sell contact Challenge Realty, Neill Shaackel 796521, MREINZ.

INDUSTRIAL BUILDING ON BEHALF of our client we are offering the opportunity for investment in a recently completed Industrial building in Waltham area. This building has a long term lease tenant and offers an excellent rate of return. Price $295,000 plus GST. Please contact: Markham and Partners 'Mr R. Ineson b Phone 796-710 *