Page 13 Advertisements Column 1

Otago Daily Times, Issue 24431, 17 October 1940, Page 13

PROPERTIES FOR SALE INVEST IN FREEHOLD It has been said that during the Depression. property values fell to nothing —a mild exaggeration. , One huge building in Sydney was sold at less than half its .real value. But these merchants of- gloom have been discreetly silent on the history of property values since that unfortunate period. Why? Because the argument in favour of property as an investment is more unanswerable to-day than ever. It is something tangible and affords direct control by the owner—vastly different from shares and stock, which are entirely dependent upon the efficiency, or otherwise, of the management, or municipality, or government. The latter are not concerned so much with efficiency as with propaganda and the maintenance of a mysterious something called “prestige” or “power-.” We have been instructed to sell a splendid block of RESIDENTIAL FLATS in one of the select residential parts of the City; Freehold 1-acre; modern double Brick Building with tiled roof. Here are the figures. 3 Flats, £6 10s per week £332 0 0 Rates (say) .. £55 0 0 Insurance .. 500 Upkeep, etc.. 21 per cent. ...... 37 10 0 Int. on Mortgage £ISOO at 41 per cent. .. 64 0 0 Allow 5 per cent, for collection 16 12 0 178 2 0 Net income on £ISOO (10 per cent.) .. .. £153 18 0 PRICE. £3OOO. A Real Investment. IRELAND’S, "THE PROPERTY PEOPLE, MANSE STREET. CARGILL STREET.—£2OO DEPOSIT, HERB’S YOUR OPPORTUNITY: A beautiful and practically new Brick BUNGALOW, 4 rooms, kitchenette, garage; lovely bathroom (modern fittings); spacious lounge; other rooms in keeping; latest conveniences: superbly finished: condition as new; expensive fireplaces; choice leadllghts; fibrous ceilings; very attractive entrance hall; well-arranged interior; easily worked: fine freehold section. Owner would entertain exchange for a larger house in the suburbs. KEEN TO DO BUSINESS. VERY CHEAP. £I6OO. A. SPECIAL BARGAIN IN THE -PICKED SPOT OF ROSLYN, situated close Belt and Ross street: Attractive HOME of 6 rooms, bathroom; hot and cold; electric light: gas: ample cupboard space, and all necessary outbuildings, everything in good order: wonderful view over harbour; wide elevated freehold garden, flowers and shrubs. Owner just transferred to the north. £IOO DEPOSIT. WE RECOMMEND THIS AS A REALLY CHEAP PROPERTY. KEYS AT OFFICE. REDUCED TO £975 (or near offer). QTOP PAYING RENT.—SOUTH END, O convenient to Cargill’s corner, nice street; Comfortable HOME of 3 rooms and scullery; electric light, gas, bathroom, copper and tubs; splendid order throughout; level freehold section, room for garage; vegetable garden and drying green; Ideal home or investment. IMMEDIATE POSSESSION' IF REQUIRED. £4O DEPOSIT. FIRST TO INSPECT WILL BUY. £390, or make an offer. PQK DEPOSIT—CITY, ON RISE, close c, High and Grant streets: Comfortable HOUSE. 5 rooms, bathroom, scullery; hot and cold water, gas, electric light: bathed In sunshine: excellent view. FOR URGENT SALE AT £350, AND IT’S CHEAP, ■ SECTIONS!— THE POPULAR TOWNSHIP OF NITHVALE, JUST PAST GARDENS, adjoining Knox College: A few Sections - still unsold and good buying. £4O DEPOSIT. & E. S. PATERSON, LTD., 163 RATTRAY STREET. COME THING CHpICE, ° , OPOHO. Attractive modern HOME, beautifully situated, enjoying all-day sun and glorious-view. ■ Five fine rooms and all modern conveniences; corner allotment. Motor garage. Reasonable terms arranged. * (5798) £1350 REIDS LTD., Estate Agents, Sole Agents. ORNIN G T O N. £975 Outstanding Villa RESIDENCE, of 6 rooms and kitchen, with modern conveniences; house in first-class order; very fine freehold section, facing the sun and sheltered. (5797) REIDS LTD., Estate Agents. piTY (ON RISE), Few Minutes to Stock Exchange. Very fine ‘Roughcast BUNGALOW of 5 rooms and kitchenette, with all modern conveniences; sunny situation, with outlook over the Harbour. A saver of tram fares. (4724) £1650 (0R NEAR OFFER) - REIDS LTD.. Estate Agents. BUSINESSES FOR SALE FOR . SALE, Freehold Country STORE, main road. Southland: £4600 turnover; sound business: small deliveries; worked by two; good house: £7OO to £BOO ingoing.—lnquiries to 915, Times Office. PROPERTIES WANTED WANTED to BUY. HOUSES: anywhere and everywhere; an army of buyers waiting: finance arranged Grenfell, Smith and Co.. Ltd., Stock Exchanee Buildings Tel 12-221 WANTED BUY. country COTTAGE; reasonable distance Dunedin.—927, Times. WANTED TO RENT WANTED to RENT, four-roomed HOUSE; all conveniences; moderate rent; good references.—9l9, Times. WANTED to Rent, 2 or 3-room Selfcontained FLAT.—9I3, Times. ROOM, detached, bach or like, Wanted; state rent.—” Gent.,” Times. TO LET MODERN, St. Clair. Apply SHIEL, 22 Coney Hill road. SUITE of OFFICES and Board-room in Grand Theatre Buildings at present occupied by Boyd’s Agency: reasonable rent.—Douglas M. Spedding, 21 Moray place. PLEASANT Single Furnished BEDROOM with all conveniences.—2 Bishop’s place, opposite Catholic Cathedral. MUSSELBURGH: 6 Rooms, 455. North end: Shop and 5 Living-rooms, 40s.— Haggitt, Duthie and Campbell. CILOSE Technical College, superior > FLAT: ideal business couple, or 2-3 business girls; 32s 6d.—Haggitt, Duthie and Campbell. SELF-CONTAINED FLAT; unfurnished: three rooms, bathroom: garage: rent £2—Apply 85 Queen’s drive. rpo LET, superior 3-roomed, self-con-X tained FLAT, south end: handy tram; rent 30s.—Ring 10-010. FOUR-ROOMED, self-contained, furnished FLAT.—S 24 George street. *• OTEELITE ” PAINTS—Put your labour O into something durable; " Steelite ” Red and Green for service.—Smith and Smith, Ltd JF you are responsible for initialine anv advertising campaign bear in mind the public tendency towards sober thinking shown bv the sleadilv growing circulation of the OTAGO DAILY TIMES Utilise the Classified Columns for quick and economical results. Jjt L A T S,