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The Sydney Morning Herald from Sydney, New South Wales, Australia • Page 67

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Sydney, New South Wales, Australia
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67
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COMMERCIAL INDUSTRIAL INVESTMENT 7 Dun ILC 65 www.smh.com.au SATURDAY, FEBRUARY 27, 1999 fthe (Subnfu Horning Jjcralb -i -go WITHOUT RESERVE CAROLYN CUMMINS Listed trusts breatne sign 01 reuei By CAROLYN CUMMINS Commercial Property Editor Listed property trusts INDEX 1410 1 1390 OVV that the Federal Government in conjunction with the Ralph review of business taxation has decided against ll 1370 i 1 tvUr KJ i Bra 1350 1330 1310 1 Yf i 1290 1270 February 24 SOURCE' BRIDGE June 30 SMH GRAPHIC 27.2 99 1,234 sq and was sold on behalf of La Trobe Custodians pty Ltd by David Westropp-Ev-ans of Greenland Kelly Associates. WITH the 2000 Olympics just around the corner, backpackers are expected to invade the city. For that reason the Jolly Swagman Backpackers, which is on the market, is tipped to be well sought after. Price expectations are in the vicinity of about $1 million for the property in the heart of backpacker territory at 144 ictoria Street. Kings Cross.

The owner, John Ambler, has put the building up for auction on March 17 through Metro Commercial. It comprises two, four-level commercial buildings catering for up to 61 backpackers throughout the year. According to Ambler, who is retiring, "the site is a no-frills, ultra-efficient money making machine which is something everyone in business needs a non-stop THE Lahood Snooker Room at Campsie, which has been in operation for almost a century, is for sale. The site is signposted Empire Hall Lahood Building and is currently run by Fred Lahood, grandson of the founder. Joseph.

The price is in the vicinitv of S3. 5 million. ONE of Sydney's more famous nightspots. The Cauldron, and the accompanying Hotel Alta-niont, are for sale with price expectations for the whole site in the S1.5 million range. Charles Bnutagy has operated the business since 1974 and income is projected at between S500.000 and S600.000 a year.

The Cauldron opened its doors as two small rooms in the basement of an 1860s sandstone mansion in 1972 and played host to a number of movers and shakers around town. In 1980 it was expanded to occupy the entire basement. A decade later, in 1990, the site was again expanded and underwent a significant facelift. It was admitted to the Prestigious Club of Clubs of Monte Carlo, allowing members entry rights to similar establishments around the world. The selling agent is Eduard Litver of Commercial.

Charles Boutagy is to remain as lessee of the nightclub. PRIVATE investment company Carker Pty Ltd has bought the Silverwater Mail Exchange, at 33-39 Egerton St. Silverwater, for $2.08 million, reflecting a net yield of 9.4 per cent on net income of SI95.666 a year. The current lease has five years to run. The modern two level building has a floor area of of possible scenarios have been made, just in case.

According to Merrill Lynch, option 1, which is seen as the more positive result, is to not tax the tax preferred income at all. The broker said the allowance of flow-through tax for listed property trusts would provide a slightly more positive system than currently exists. The other option on what the Government could do with the tax preferred component of a trust's distribution is taxing the tax-preferred income. That would put collective investment vehicles on a similar footing to other entities. According to Merrill Lynch, in that instance it would simplify the issue of passive investment through collective vehicles and the active investment through operating entities.

This option would result in the tax preferred income distribution to be taxed in a similar way to the treatment of a normal company's taxation. Submissions from the industry regarding any proposed changes from the Ralph report must be sent to the Government by mid-April and a complete drafting of the final report is expected to be completed by earlv June. investors during the past year. As more funds flow into the investment world from superannuation funds, more money is tipped to move into the trusts. In the lead-up to the release of the Ralph report, it was rumoured that trusts could be taxed under the same rules as other companies.

That forced some profit-taking in the sector, but the concern has now left the industry. The average yield for the listed property trust sector is about 7 per cent, which is a healthy premium to the rates offered on some other forms of investments, such as company shares. According to property analysts, the outcome of the Government's decision not to change the tax policy on collective investment vehicles, including property trusts, is a positive for the industry. Mr Stephen Girdis. head of property funds management for Macquarie Bank, said the industry was pleased with the outcome, but would continue to monitor any other developments.

One such potential issue is the treatment of the tax preferred component of a trust's distribution. That, in effect, is the changing the tax implications for listed property trusts, the vehicles are to remain in the spotlight as investors scramble to find high-yielding financial options. Although the rise in underlying bond yields forced a fall in property trust prices last week, and hence the overall index, the Listed Property Trust Index, in general, has been well supported. The positive sentiment is expected to remain in the medium term. Reform of the taxation system is not an easy task and any changes will take place only after lengthy consultation with all industry players.

Property specialists are more than happy the trust sector has escaped relatively unscathed and they are confident that with low interest rates and low inflation, the sector will remain very well supported by investors. The listed property trust sector has provided a bonanza for The market sentiment for trusts remains positive. voice an opinion and participate in the on-going process." The chief executive of the Property Council of Australia, Mr Peter Verwer, added his weight to the discussion saying that the tax-preferred income was a legitimate benefit that should be passed onto unitholders, in the interests of maintaining equity and reducing the complexity of the issue. Although fund managers and property analysts are not concerned the changes will come into effect overnight, a number depreciation from the underlying property assets, which is passed onto unit-holders as a partial tax shelter on the income distribution. When people sell units, the accumulated tax shelter they have received is taken into the capital gains tax calculation, effectively increasing the tax.

That means unit-holders eventu ally pay tax on the tax sheltered component of the distribution. "The Ralph report has raised the option for discussion in relation to the tax treatment of these sheltered components of the distributions in unit-holders' hands," Girdis said. "It is one of the issues in the overall review of the taxation system and all industry players will be keen to $1.500 000 BELLEVUE HILL. BONDl RD. STRATA GARAGES 1 or 2 Strata garages POA Fonteun 9380 5030 ALEXANDRIA FOR SALE 2 large 2 sty.

wareriouses Dlus a 4 bed terrace, also includes Ige vacant Dlk ot land 2 st trontages DA tor 17 dwellings Cnns Paoas. 0417 217 172 First Network 9565 1868 Development site DA aooroved with waterviews Michael Lucas 0419 945 000 RAY WHITE Sondi jet 9569 5111 ANNANDALE $375,000 1 ALBION STREET REP ON SITE SAT 2-2 30 OR BY APPOINTMENT CREATE A HOME OFFICE Build your own live'work situation on this A and A aporoved site Create over 2 levels and an 80 sa work space with loading bay and executive style 2 bedrm 2 bathrm residence with I gar All in a auiet tree lined pocket ot Annandale Ray White AnnandaieLeichhardt. 55-59 Flood Street. Leschhardt 9560 1033 www raywhite net BELLEVUE HILL Development te BONDl Development Site Levis PS Sunday to Friday BONDl ROAD BLOCK OF FLATS Super Investment BAY INT L9363 3636 9337 537Q 9556 3959 015 249 396 BELMORE. Renov Shooreside AUCTION EMU PLAINS 18 BROMLEY ROAD Freestanding factory office complex GFA 800 sa Generous detached storage space and large vard Site area 3322 sa room to expand Suit any genera! industry Motivated vendor To be sold Brochure available Auction.

Thurs 18399 Rame Home Commercial 02 4722 8500 Mon-Fri. tiai 2 storev building Vacant Prime CBD Strata 84 Pitt Street Strata area 73m: Vacant possession Quality office accommodation Excellent location Recent refurbishment GREAT OPPORTUNITY IN THE HEART OF THE CBD Auction 26 March 1 999 Details Scott McPhillips 0418 281 661 8 A 1 A I BRAND NEW STRATA OFFICES FOR SALE ALL WITH SECURITY PARKING. IN A UNIQUE ARCHITECTURAL DESIGN BUILDING possession, owners relocating 3 res A 2 car Located heart of snooping centre, close amenities and transport No agents 0414 405 444 FOR SALE BRIGHTON LE SANDS OFFERS BRIGHTON TERRACE Current use 10 room boarding house, fantastic future potential, water views, excellent exoosure inspect Today 4 30-5 30 Dm enr Princess St Grand Pde Ph lim. 0414 523444 ALEXANDRIA Jt mmmm-nti 19 SUBDIVISION ANNANDALE DEVELOPMENT 1-13 PARRAMATTA ROAD Row of 7 derelict shoos, located on prime location opposite Mac-Donalds Potential residential and retailcommercial devetooment. Site area approx 2000 sam.

Very motivated venaors Details Gerard Cote. TAYLOR NICHOLAS 95509222 SOUTHERN STAR REALTY fir: FREESTANDING 1410 SQ.M Rare ODDOrtunity to obtain freestanding older style building with I a and vard AUCTION 25399 Contact Aaron Dav 01 1 9 979 828 TAYLOR NICHOLAS 9313 8566 BELMORE $750 000 Renovated block of 4 two bedroom units 1 two bedroom town- COMMERCIAL house, each newly painted, new ANNANDALE. DEV OPPORT Older style freestanding industrial oldg 2 street frontage Suit residential development subject to council approval Land area 870 sq. aporox Building area 1200 sa aoorox A rare offering TAYLOR NICHOLAS 9550 9222 BROADWAY CENTRE $295 000 64 sam of Retail Strata SURRY HILLS 93196777 kitchens with ceramic tiled floors new caroet balconies, internal SIZES FROM 40.8m: TO 149m2 PRICES FROM 35 GEORGE ST. SYDNEY AUCTION PENRITH instructions rrom Mortgagee High profile development site on corner of Camden St and Castie-reagh Rd Close to Penrith Lakes and 2000 Olympics Rowing Course Site area 3050 sa (approx.) Zoned General industry 4(a) Mortgagee and receiver appointed saie Brochure avail Auction Thurs 1 1399 Rame Home Commercial 02 4722 8500 Mon-Fri.

laundrys. intercom security sys tem and carports Eastern Suburbs Investment Excellent corporate identity, 100m from Edgecliff Station and Shopping Centre. leased bf car spaces Net income SI million p.a. approx. ANDY PALUMBO LAKEMBA BROOKVALE.

Band new office warehouse See our adve't under Belrose Harlow, 9954 3533 66 Haidon St 9740 4649 BELMORE ShCD $150 000 RAY WHITE BELMORE. All hrs 975e 2022. mob 0419 S99 373 ARNDELL PARK. NEW FACTORYWAREHOUSE ON MAIN ROAD From 120 sam to 450 sam. 5 SOLD 17 AVAILABLE Westside industrial 9672 1 1 88 BELROSE.

Austlink Corporate park Brand new office ware BROOKVALE 766 som FREESTANDING FACTORY WINBOURNE ROAD Full brick factory. Air cond offices Root top parking Roller door access to both levels Vacant position AUCTION 25399 TAYLOR NICHOLAS 9905 1625 house 755 sa Comoletion Expressions of Interest close Tuesday. March. 1999 NEW INDUSTRIAL GLAQESVsLLE March 1993 For details contact Harlow Procerty Consultants. 9954 3533 or Shopping Centre Group 1 hour from Sydney AUCTION PENRITH 950 PEACHTREE RD ALEXANDRIA ST PETERS FREESTANDING WAREHOUSE 570S.O.M Mod warehousefactory.

Fantastic 32m mam road exposure Occudv or invest. High clearance container access 5 car spaces Mezzanine. AUCTION 25 MARCH 1999 All enauines PeterKneg 0412 822 144 Rimon Ambarchi 0413 809 515 COLL1ERSJARDINE 93174S68 Contact Exclusive Agents Bram Page or Robert Harris 9323 59080418 191 544 BERRY CENTRAL Substantial commercial build Modern factory unit, mcl air mg. See today's ad in the South 77 coast Heai tstate section. Eiders Real Estate (02) 4464 1600 BUNDEENA 36 BRIGHTON ST Auct on Site 63 1 1 30 am Mam shopping centre opp beach zoned 3A Genera Business, large land aoDrox 855 so Suit wide range of retail commercial Inspect SatWed 10 30-U 30 Graham 0416 012 233 CHRIS BURKE CO 9523 6322 cond offices and ige mezz.

storage. GFA 221 sa Extensive security. Many extras. Suit dean industry. Keen vendor Brochure.

Auction' Thurs 18399 Rame Home Commerca! 02 4722 8500 Mon-Fri. mssgt Enquiries: buries Mirth'i: Mobile: (1 1 1) 221 Inspection Times: Man-Tile ID-iim. Weil Tbiir-Sitn lO-pm BEV. HILLSNarwee POA DA BA aoprcv 5 Ige 2 br units, some courtyards Ph Sid Real Estate 95792166 Prime position Freestanding 3 street frontages Suit occupier, investor or developer Auction 22 April 1999 Further Details: Arthur Carson BEXLEY Private Sale CAFE LUNCHSHCP Purchase strata snoo prominent south Sydney industrial locality huge potential, it cut plans avail. 1 25 sam unit Exores-sions of interest sought Contact David Wrvtoourn Leda Holdings Pty Ltd.

9929 4422 Shoo residence ruliy redurb $354 500 0419 049 000 rr BEXLEY. $250 0C0 Shop 2 bedrm residence on mam road rear lane access, ideal for busmesshome. Eastside Realty 9314 7955 9264 7177 ALEXANDRIA.Develooment Sites We have seven different sites tor rm AUCTION PENRITH 2 Strata showrooms in freestanding Duilding Great exoosure to major intersection High traffic area 280 sa with 9 onvate car spaces Zoned General Industry 4(a) To be sold Brochure Auction: Thurs 18399 Rame Home Commercial 02 4722 8500 Mon-Fri. rr BLOCK Of 8x2 flats $790,000 RAY WHITE BELMORE All hrs 975S2022. mob 0419 999 373 e.

i i i ia HARLOW sale now from 1 to 1 5 Doth industrial and resiaental we need deveiooe-s or investors who can perform to take advantage of these while thev last Ph Denis Thompson on 0409 440 4:9. Alexarona 1st Nat 96996978 BLUE MOUNTAINS. AUCTION Cedar Lodge CAMPSIE. MEDICAL CENTRE Insot Sat 1 -2 or aoot Cnr ElizabethCanterDury Ra BRAND NEW MEDICAL COMMERCIAL SUITES 50-100 sa m.aircona with lift to security parking RETAIL 98 sa Suitable coffee loungeflorist. RESIDENTIAL New 1 2 br security units, gas kits, video intercom, paved bale, newly leased.

GATEWAY 9809 0933. 3.63 hectares (VACANT INDUSTRIAL LAND) 137 metre frontage Zoned 4A General Industrial Regular in shape ALEXANDRIA. OfficeTee Great Western Hwy 34 HENOER50N ROAD Insoect Sat 12-12 45 or aDDt Excellent opportunity to buy a terrace with a great corner (Garden St) position, ideally suit as office 120 sam. downstairs with LUG. 40 sam upstairs divided into 3 offices.

Excellent condition. You won be disappointed Rav White Alexandria 9699 1111 TUGGERAH Currentlv 4 titles Zoned 1 A 1 Located 1 5 mins south ol Campbelltown and 1 hour from Svdnev CBD For Sale by Tender Closing 17th March, 1999 Contact: Glen Madsen or Chris Chappie Ph: (02) 9323 5888 Internet: httpwww.jlw.com.au A1 INVESTMENT CANTERBURY SHOP $189 000 BALMAIN. Character Building Providing 750 sam. over 2'z levels, lofted ceilings. City skyine views, suit owner occupier BALMAIN 93183844.

1.87 hectares Interesting and realistic devel. site, loc. in historic Mt Victoria township. Primary frontage of 227 5 m. to highway with frontages to Mt York Rd and Fairy Dell Rd Comprises 3 sep "ots Currently underdeveloped tourist facility with enormous potential.

Co-Agents: Rame Home. Wentworth Falls. 18 Station St. 02 4757 1601. ELDERS RAN DW! CK 7 Belmore Rd.

02 9399 3244 10 DC nett. MAR S255.000 Quality 3 strv commercial Cuild-ing in prime Sutherland Shire location 7 Tenancies, security a9 26 cars Details Nathan Rvan 0414 526 351 CriDOS S. CriDDS Paul Wilson 0411 879 666 iohn Greiq First National Absolute Bargain 130 sa Art Deco shop, suit any profession excellent condition, exoosure cius Don 0413 048 362 Fabcs RE Duiwich Hill 9560 5366 Landmark Redevelopment Site Approx 30.000 sa Zoned 40 bulkv retail. Opposite Tuggeran SuoaCentre Lots 3, 5 and 7 Brvant Drive, Tuggerah Auction in rooms Thursday 25399. 55 HARRINGTON ST SYDNEY Commencing 10 am RAINE HORNE 043 32 7700 165 Entrance Rd, The Entrance ARTARMON Off iceWarehouse Completely refurbished strata unit providing air conditioned office area and dnve-in house.

Area 379 sam For sale or lease Plenty of parking Contact Adam Davies CB Richard EMis 9354 3333 (GENUINE SALE) Auction 25th March 1999 CANTERBURY near station Build I Jones Lang Wootton ing sun Medical centre, ciuo. waiting receotion Motel RAY WHITE BELMORE All h'S 97582022 mob 0419 999373 Contact: ANKSTOWN AR A 2 Sided Gold Medal Mark Cadman ALEXANDRIA' BotanyWaterloo Areas From 130-1950 sam. Prtces from $255 000 Contact. Artie Kalpidis 02 9313 5888 041 1 629 999 Domenic Sergi ALEXANDRIA Smaller Commercial industrial Strata suite, office Storage areas, ready for fircut Priced from 1 40.000 Also For Lease Contact David Whitbourn Leda Holdings Pty Ltd 99294422 C412 343 435 ARTARMON. S500.000 Quality air cond off wv house Area approx 337 sam.

On site parking. Prime location TAYLOR NICHOLAS 941 3 2366 0417 229 699 0418 248 716 AUS. $500,000 110 w. into $500,000 build your wealth through orooertv investment Can Peter Keeiey now 9223 1022 or 0414 755 208 ONE HUGE OPPORTUNITY 1- Cperatmg SPORTS CENTRE 2- CEVELOPMENT SITE Growth potential Close Olympics densely populated area Andrew Robinson 0412 676712 Richardson Wrench Bankstown nobody does It better ARTARMON Around S2M Alexandria Buyers Brand new. 340 sa aoDr unit, rear lane access, excellent location.

4B zone. Eugene Ebgenikos 0415 246 820 RAY WHITE COMMERCIAL BONDl BLOCK OF 8 STRATA POTENTIAL Os 1 br sunrm units in need of renov Orig woodwork high ceils. CishoDSschistransbch MAROU BRA BLOCK OF 7 STRATA APPROVED Odo to purchase 2 br units, some with watervws bales, pkg. great locn walk to bch. KIAMA BLOCK OF 4 STRATA POTENTIAL Mod building consisting of 3x2 br units.

1x3 br. sc. granny fiat LUG's Quiet locn Walk to shoos and transport MAROUBRA DA APPROVED Opd to secure a boutiaue devt. in a booming suburb opo park els to bch shopping cntre trans To develop 2 x2 br units. 2x3 br, units and 1 3 r.

thouse. George Karabalios 041 1 505 1 1 1 Eastside Realty 9314 7955 WETHEHIU. PARK Industrial Real Estate Ph: 9725 335S Development Site 2 1 00 sa townhouse site with proposed LEP re-zonmg Can Phil Rowan 0411 3B0C49 ELDERS GILMOUR 9901 3333 9633 5888 BACK PACKERS Motel KINGS plus nightclub 38 large rms, all with ensuite HUGE potential PRINCIPALS ONLY BAY INT 9363 3636 9337 537Q BEACHFRONT Subdivision land, approval for 62 part acreage blocks IM health forces sale. Hervev Bay 041 1 380 41 1 or 0733496947 mrtrMile CaringbahShop SHOP 228 PRESIDENT AVE. Prominent siod main ra dosi-tion.

rear access and oarking Situated in medical centre Quality Duilding Auction Tnurs 1 April, 1999 In our rooms 28-32 Kingswav Cronulla HOOKER CRONULLA 95236399 95236399 ALEXANDRIA i tb if BONDl. $700000 CARLTON. $495 000 $325,000 GREEN SQUARE Situatea on Riordan Street Only 30C metres from the new Green Sauare railway station This excusive deveiccment Drovides a ODDOrtunity to secure a commercial orocertv of unrivalled ouafitv tn the areas most exclusive project Due for comDietion Mar 99 Ideal investment, net yield 9 DC ONLY 6 LEFT DAVIS S- DAVIS 96696383 89 BUNUI ROAD Renovated shoo zoned 3b mixed business. 2 or aoart on 2nd level Storage, db'e garaging and RlA. PETER GREEN REAL ESTATE 9325 1972 041 1 88 77 66 3 snoos 2 flats excellent investment situatea at Canton station Must De sold 3e first to see Can owner 0J18 279027 CASTLE HILL New Offices AUCTION 342 High Street, Maitland XSW2320 SI BSIAMIM HI SINKSSOI'PORriSm Authj Rumiu- Or.HiiKl l-iiior jpprov Hr! Hior riM I '2.

'4111 l.ili'"l Vuiii'n litnct'l Ain-lmli i tn-Mtc isy, 'i BONDl $330 000 Exoosure IT 35 OOO to $252 Ouu 9888 2536 or 014 965 110 -MB BELLEVUE HILL $520 000 2 mode'n shoos and office operated bv one prcorietor Owner offering 33 ODtion Established business 97 sam approx 105; Net Return 2 secure car soaces Prime shopping centre Maintenance $2200pa Aiternat vely Premises eas'ly converted to professional suites Peter FHiad'tes 0414 803 791 RAINE HORNE 6 CROSS ST DOUBLE BAY 9327 7971 CASTLE HILL 221 BONDl ROAD Ground floor corner Dosition 88 sam strata shoo Gar $24,960. current 2 3 yr lease Make an offer CENTURY 21 TONY MOSES BONDl JUNCTION 9387 49 11 DIRECTLY OPPOSITE WflfHARDWAREHOUSE STORE Total site area approx. 40,000 can be subdivided Position, exposure and main road frontage Design Construct options available Attractive finance options available a p. ifci hafaJ Best selection of units 308 sam $425K 403sam JSiCK 493sam $535 New aevelooment unaer construction from $238K NORWEST INDUSTRIAL RE 9899 1699 BONDl JCT. OXFORD ST ANNANDALE Auct 20 Mar 80 BOOTH STREET Vie Sa! 1 1 1512 OOpm Wed 2.15-3 OOpm nrime retail snoo A sa Plus car sDace For details D'ease contact David ah.

9399 7765 CASTLE HILL. OFFICES Stylishly rerovated. combined BONDl BONDl RD'LOCATION (Tl kit Brana new ana investments 38 sam $130 000 VP COUTTS INDUSTRIAL RE CASTLE HILL M'F 9634 3868 residential conmercial property. Large shop area workshop space. 454 Hieh Stnil.

Mailbind NSW 2.MU I'ticim-: itCl 5544: UI2l 41.1.' -K BELMORE POA BARGAIN INVESTMENT FLATS 2 flats in SDltt house returning over $17,000 oa Can be strata titled Reduced to sell OFFERS ACCEPTED MAXWELL WARD PTY LTD 9557 1225 187 Enmore Rd. GOSFORD (02) 4322 2244 bhoo Dius residence cned jb Large dbie garage olus storage, rear lane access Richardson Wrench Kensington 9663 2355 ALEXANDRIA Mod factory unit witn air cond mezzanine Incl. glass part offices 3 car spaces 357 so. m. Nothing to spend Move straight in $475,000 DAVIS DAVIS.

96696388. terrace with 3 bedrooms, open plan living areas, entertainers CITY CENTRE, Retail Snoos Busy arcaoe Hare oup U4ib 12M iba courtgarden. gourmet kitchen. 2 parkrig Danielle Dewhurst 9386 3302. Warren Duncan 9386 3307 REGENTS PARK 225 ARGYLE STREET, MOSS VALE FOR SALE FOR SALE FOR SALE PRIME DEVELOPMENT SITE 28 560nf ANNANDALE BvaDDOmt 125 PAR RAM ATT A RD Shooworksnon Droiected rental $250 dw 2 br res with ALEXANDRIA Brand New industrial Strata Units Award Winning Architect Only 4 Untts Left 4 1 1 sam 438 sa 443 sa 463 sa Occupy NOW Contact Dame! McDonald 041 1 283 730 PYRMONT Doorstep of Sydney's CBD 4 Buildings Possible 7 Lots 9 Titles! Occuav ria Approx su sam plus rear grounds Inspect by appoint Alis-ter Barrett 0413 156 456 RAINE HORNE Annandale, 1 70 Parramatta Rd 9569 4933 202 203 PartortVhoe UNGF0RD i infirm- or DVde for Profit! 2 Street Frnntan(? BUILDINGS Option I I752m: office parking storage Option 2 2626m! warehouse parking office Option 3 4378m2 officewarehouse Flexible terms and rental Commercial 3(b) zoning recently Motor Dealership showroom, workshop, offices and parking area.

Develop further or utilise existing rights. Land area: 3657 sq. m. 4 Titles. Endless possibilities.

AUCTION ON-SITE 1 1 a.m. MARCH 13, 1999 Details: MICHAEL MALONEY Mob 0414 482 150 AH A Close to Station 5.816ffl2lAND A Zoned 4(b1) Light Industrial AUCTION: 1 Thursday 1 1 March '99 Mezzanine Level, 17 O'Connell St, Sydney Peter Thomsett (02) "711 1 OIOQ Mobile: 0412410 733 9U i. 139 DA approved subdivision Main road exposure 4 (b) Industrial zoning Sit. on highly visible enr location Building comprises Facforvv Warehouse approx 500 sq m. first floor 2 bttrm lial'office with views to Botany Bay Current 3x3 yr lease commenced July 1998 has bo annual increases Zoned Mb) Light industrial Gross return building: $44,200 a.

Separate tease for advertising sign: $4,000 p.a. Total gross annual return: S48.200 p.a. AUCTION: 23rd MARCH. 1999. at 6.30 p.m.

VENUE: NEWTOWN, Level 1. 212 King Street DETAILS: Ram. Abdaltah 018 963 986 Contact Joshua Charles 0412 600 005 Level 26. AAP Centre. 259 George Street, Sydney 2000 www.colliersjardine.com.au Details: Att.

Property Manager Fax: 9032 3500 BOWRAL(02)4861 1466 9 i 1.

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