Welcome To A New Year

Even as I welcome you to a New Year there has been a blood bath
on the stock exchanges around the globe. The stocks have
recovered some what in todays trading but the market is
definitely far from being settled and my feeling is that it will
slip a little further before stabilizing.

The negative sentiment in the financial market will definitely
impact the property market in the short run. This is good news
for professional investors who can now pick up bargains when the
sentiments are down. There has been movement of money away from
stocks into gold......the prices of which have soared. And also
hopefully some part of the capital will flow into the property
market and will keep the property prices stable.

I have played several property board games and Cash Flow 101 by
Robert Kyosaki and each time one message comes clear.......one
has to continue buying assets to grow rich. This is more so when
the property cycle is on down swing. In case you freeze you miss
out as no one can accurately predict the movement of the cycle.
Of course the strategies for buying properties in each part of
the cycle will differ and one has to apply his mind more
judiciously when the market is perceived to be flat.

To kick off the year I have a great property on 597 Great South
Rd, Manukau. This investment property offers an attractive
retail mix and consists of 9 shops on different unit titles. Current
average rental is $315 per m2. This offers room for rent growth
opportunity.

Please email me for the tenancy schedule and study it carefully. There
are some great tenants with long leases to take you over the flat market
period. Most of the tenants are blue chip like GE Money, Hell Pizza,
Burger Fuel to name a few. You can buy the whole lot or individual shops to suit
your budget.

Look forward to hearing from you.

COLIN KUMAR
Commercial/Industrial
Barfoot & Thompson Commercial
m. 027 684 1114 | p. 09 358 0989 | f. 09 358 4048
PO Box 1798 . Shortland Street . Auckland City
c.kumar@barfoot.co.nz | www.barfoot.co.nz