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FOR SALE - Investment Properties

PORT MORESBY

S0136 - BASILISK APARTMENTS - GRANVILLE

SOLD

14 x 3 BR units, pool, back-up power and water, fantastic view overlooking Basilisk Bay.  Each unit is currently rented at K950.00 per week.

Annual Rental Income

K 691,600 per annum

Asking Price K 3.5 Million
Gross Annual Return 19%

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SO218 DAUGO DRIVE - GRANVILLE

  

Top of the World overlooking Port Moresby City and sea view
4 x 3 bedroom units & 1 x 4 bedroom penthouse with swimming pool, sauna, shower and change room.  The property has a huge entertainment area with BBQ facilities.  It has back-up power and water, intercom to security guard entrance and undercover parking with remote control roller door giving easy access for the tenants.
Units 1, 3 & 4 @ K 1,200 per week
Unit 2 @ K 1,300 per week
Unit 5 @ K 1,650 per week
Annual Rental Income K 340,600.00
Asking Price K 2.8 Million
Gross Annual Return 12%

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S0043 - PRUTH STREET, TOWN HOUSES
15 X 2 Bedrooms Units @ K 250.00 per week
16 x 3 Bedroom Units @ K 350.00 per week
Fully furnished, gardens established, fantastic ocean view
4 x large back-up water tanks, secure compound
Annual Rental Income

K 486,200.00

Asking Price K 2.5 Million
Gross Annual Return 19.4%

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S0187 - HAY ST., PAGA HILL

4 X 3 Bedroom units, ensuite, spacious lounge and rooms, back-up facilities, pool, enteertainment area, top level car park with roller doors, easy location.

Asking Price

K 1.5 Million

Rental K 1,000 per week per unit

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SO293 - CORAL PALMS, AIRVOS AVENUE, TOWA
8 X 2 Bedroom Units Rental K 450.00 - K 650.00 per week
8 x 3 Bedroom Units Rental K 500.00 - K            per week
Fully furnished, back-up power and water, pool, established gardens
Annual Rental Income

K 549,000.00

Asking Price K 2.5 Million
Gross Anual Return 21.6%

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S0145 - CNR MADI STREER, SPRING GARDEN RD, GORDON
Great Value Investment.  This 2 level solidity constructed building provides both Commercial and Residential Return for Investment with office space on the ground level and units in the upper level.  Well positioned in light Industrial Zone with excellent and access.
Ground Floor Rent @ K 3,095.40 + VAT pcm (115 sq m)
Rent @ K 3,080.00 + VAT pcm (120 sq m)
Rent @ K 3,300.00 + VAT pcm (135 sq m)
Rent @ K 3,000.00 + VAT pcm (115 sq m)
Top Floor Office Rent @ K 3,000.00 + VAT pcm (120 sq m)
Rent @ K 3,349.50 + VAT pcm (135 sq m)
Residence 1 Rent @ K 2,970.00 + VAT pcm (115 sq m)
Residence 2 Rent @ K 3,300.00 + VAT pcm (115 sq m)
Annual Rental Income

K 301,138.80

Asking Price K 2.5 Million
Gross Annual Return 12%

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S0092 - LAWES ROAD, GRANVILLE
6 x 3 Bedroom Rental @ K    850.00 per week
1 x 4 Bedroom Rental @ K 1,000.00 per week
Secure compound, undercover parking x 2 back-up power and water, main bedroom with ensuite, swimming pool with BBQ facilities, beautiful view of Ela Beach.
Annual Rental Income

K 317, 200.00

Asking Price K 2.1 Million
Gross Annual Return 15%

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S0362 - TANATANA, BOROKO
Your First Investment
12 x 4 Bedroom @ K 850.00 per week, fully tenanted
Fully furnished, well-maintained units, air conditioned in master's bedroom and a cosy open plan living room.
Annual Rental Income

K 530,400.00

Asking Price K 2.5 Million
Gross Annual Return 21 %

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PALM COURT, VAIVAI AVENUE, BOROKO
11 x 3 Bedroom @ K 600.00 per week
Swimming pool and ample parking for tenants and visitors.  Central location near the Boroko Shops.
Annual Rental Income

K 343,200.00

Asking Price K 1.8 Million
Gross Annual Return 19%

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NO PICTURE

S0256 - WAIGANI DRIVE, CNR OF TARPOT ROAD
Commercial Land - Excellent Location
Approximately 904 sq m, last of the prime location, ideal for business purposes.
Asking Price K 1.5 Million

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S0050 - OGOA STREET, TOWN 
8 X 3 Bedroom Units
Fully furnished, master bedroom with ensuite and air con, pool, back-up power and water, fantastic sea view and undercover car park, very secured compound, close to shops and amenities.
Asking Price

K 1.4 Million

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NO PICTURE

S0008a/b - TAURAMA ROAD, KOROBOSEA

SOLD

(a)  Shops - accommodation, house, gift shop/pharmacy
        Asking Price K 1.2 Million    
(b)  Golden Kina House (formerly Taurama Medical Centre)
      Top floor paying annual rental of K 72,000.00
      Taurama food centre with monthly rental of K 3,800.00 (K 49,400.00 pa)
      Liklik Haus pays monthly rental of K2,530 (K 32,000 pa)
        Annual Rental Income

K 153,900 per annum

        Asking Price K 1.1 Million
        Gross Annual Return 14%

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NO PICTURE

LAMANA HEIGHTS, WAIGANI (NEW)

SOLD

6 X 3 Bedroom rent @ K 1,000.00 per week
Ensuite apartment, pool, fantastic view overlooking Waigani.
Asking Price    

K 1.2 Million

Expected Gross Annual Return 28%

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S0221 - LAKOSI PLACE, GRANVILLE
3 X 3 Bedroom Units @ K 5,280.00 per month per unit
1 x 2 Bedroom Units @ K 3,250.00 per month
1 x 1 Bedroom currently used by vendor as storage with an expected monthly rental of K 1,133.33.  Land area is approximately 15,040 sq m.  Fantastic view overlooking the RYPC Mariner and Harbour.  Fully furnished, back-up power and water.  Entertainment area includes swimming pool and BBQ facilities and tennis court with night lights.
Annual Rental Income

K 229,080.00

Asking Price K 1.2 Million
Current Annual Return 19%
Expected Annual Return 20%

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FA006 ORORO CRESCENT, BOROKO
8 X 3 Bedroom Units, fully tenanted
Solid concrete structure on 3 levels large block of land serviced by back up water and pump, undercover parking for tenants and extra parking for guests, sealed concrete driveway, fully picket fence with razor wire all around, security guard house.
Asking Price

K 1 Million

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NO PICTURE

SO253 - ELA MAKANA, GRANVILLE

SOLD

3 x 3 Bedroom Townhouses 2 units @ K 1,050.00 per week
1 unit   @ K   950.00 per week
Recently renovated, fully furnished, pool and entertainment area, back-up power and water, fully fenced and under cover parking.
Annual Rental Income

K 158,600.00 on long term lease

Asking Price K 950,000.00
Gross Annual Return 17%

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S0259 - LAKOSI PLACE, GRANVILLE

8 Bedroom 3-level executive house with ensuite, 5 bathrooms, 2 large balconies, domestic staff quarters, back-up power and water, storage room, 2 undercover parking and extra parking for guest, fully furnished, pool with entertainment area, roller electric gate, fantastic view of Mariner.

Before Asking Price

K 1.1 Million

Now Asking Price K 900,000 Quick Sale!!!

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S0201 - MACDUI STREET, KOROBOSEA
8 x 2 Bedroom Units @ K 350.00 per week
1 x 3 Bedroom Units @ K 450.00 per week
Fully furnished, tiled bathroom flooring, back-up water, fully fenced, 24-hour security, close to public amenities.
Annual Rental Income

K 166,399.00

Asking Price K 900,000.00
Gross Annual Return 18%

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S0307 - MOALE STREET, BOROKO
5 x 3 Bedroom Units  @ K 500.00 per week
Fully furnished, ensuite and walked-in wardrobe in master's bedroom, secure compound with 24-hours security, close to main Boroko Commercial Centre.  Plus 1 x 3 Bedroom @ K350.00 per week, fully furnished, within same compound.
Annual Rental Income

K 148,000.00

Asking Price K 850,000.00
Gross Annual Return 17%

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NO PICTURE

S0257  - DAVETARI DRIVE, TOWN
3 bedroom 2 level house, high quality furnishing, air con in bedroom and living area, bar area, back-up power and water, swimming pool and entertainment area with a fountain.
Asking Price K 850,000.00

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NO PICTURE

S0224 - BAUBAU ST., BOROKO

SOLD

6 x 2 Bedroom Units  @ K 450.00 per week
Fully furnished, pleasant environment, secure compound.
Annual Rental Income

K 140,400.00

Asking Price K 800,000.00
Gross Annual Return 17.5%

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NO PICTURE

S0109 - LAWES ROAD, TOWN HOUSE

SOLD

4 x 3 Bedroom  @ K 850.00 per week
Very roomy units, pool, back-up power and water, undercover car parking for 2 cars, extra car park, secure compound in a pleasant environment.
Annual Rental Income

K 176,800.00

Asking Price K 850,000.00
Gross Annual Return 21%

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HARBOUR VIEW, TOWN

1 X 3 Bedroom House @ K 900.00 per week
1 x 2 Bedroom Unit @ K 250.00 per week
2 x 1 Bedroom Unit @ K 200.00 per week
Fully furnished, back-up water and power
Annual Rental Income

K   80,600.00

Asking Price K 780,000.00
Gross Annual Return 10%

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VW001 - BAMPTON STREET, TOWN

Tranquil Dwelling

2 x 3 bedroom duplex-like setting @ K 1,200.00 per week
Set-up in a tranquil surrounding, built of solid concrete/steel on tri-level with undercover car parking on ground level adjacent to the laundry area.  Level 1 features a huge kitchen with entertainment area, Level 2 has the 3 bedrooms, the master bedroom with ensuite, lavishly furnished throughout, fully air conditioned.  Diplomatic clients currently tenant both units.
Annual Rental Income

K 124,800.00

Asking Price K 750,000.00
Gross Annual Return 16%

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S0119 - PORT ROAD, GRANVILLE
1 x 2 bedroom duplex (with verandah)
1 x 2 bedroom unit
1 x 4 bedroom house (upstairs, master bedroom with en suite)
1 x 5 bedroom house (downstairs, separate guest comfort room
1 x 1 self contained unit
Fully furnished air con throughout, common laundry area, fully fenced, ample car park, with aviary, back-up power and water, established gardens, harbour view.
Asking Price K 750,000.00

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S0001/S0217 - BOUGAINVILLE CRESCENT, PAGA HILL

3 x 2 Bedroom units @ K 400.00 per week
2 x bed-sitter @ K 150.00 per week
Plus a large vacant block of land.  All units are fully furnished, with back-up water and pleasant sea view all around.
Annual Rental Income

K   78,400.00

Asking Price K 700,000.00
Gross Annual Return 11%

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S0330 - HORIZON APARTMENTS, BAMPTON ST., TOWN

Investors Dream Property
3 x 3 and 2 x 3 bedroom units, fully tenanted
Fully furnished, recently refurbished, serviced and well-maintained, stand-by tanks, electric gates, security on 24-hours basis, panoramic ocean views, 5-minutes walk to the city CBD.
Annual Rental Income

K 156,000.00

Asking Price K 700,000.00
Gross Annual Return 22.28%

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S0250 - MIKKI COURT, HENAO DRIVE

5 x 3 Bedroom units @ K 500.00 per week per unit
Fully furnished, air con in master's bedroom, large pool with brand new pump installed, well-maintained with established gardens, under cover car park.  Conveniently located between Boroko and Gordons residential areas, walking distance to bus-stops, schools and market.
Annual Rental Income

K 117,000.00

Asking Price K 690,000.00
Gross Annual Return 17%

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NO PICTURE

S0280 - HODAVA AVENUE, BOROKO

SOLD

4 x 3 Bedroom Units  @ K 550.00 per unit per week
These attractive units are solidly built of concrete structure on land, fully furnished, master bedroom with ensuite. pool with entertainment area, fully fenced with sealed driveway with undercover parking space for 2 vehicles, conveniently located to public amenities such as supermarkets, hospitals, bus-stops, Shady Rest Hotel, Taurama Swimming Pool and public gym.
Annual Rental Income

K 114,440.00

Asking Price K 650,000.00
Gross Annual Return 17%

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S0130/S0331(b) - HODAVA AVENUE, BOROKO
6 Block of Units  4 x 3 Bedrooms @ K 500.00 per week
                        2 x 2 Bedrooms @ K450.00 per week
Fully furnished, back-up power and water, swimming pool and entertainment area, fully fenced with sealed car parking space for tenants and visitors, conveniently located to public amenities such as supermarkets, hospitals, bus-stops, Shady Rest Hotel, Taurama Sports Centre.
Annual Rental Income

K 150,800.00

Asking Price K 650,000.00
Gross Annual Return 23%

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S0061 - PRUTH STREET, KOROBOSEA
8 x 2 Bedroom Units @ K 300.00 per week
Fully furnished, master bedroom with air condition, back-up water, split-level with 24-hour security, secure compound.
Annual Rental Income

K 124,800.00

Asking Price K 600,000.00
Gross Annual Return 20%

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S0236 - DOREEN PLACE, KOROBOSEA

SOLD

5 x 2 Bedroom Units @ K 350.00  - k 400.00 per unit per week
2-level units solidly built on concrete blocks with big back-up water tank
Annual Rental Income

K   98,800.00

Asking Price K 490,000.00
Gross Annual Return 16.72%

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NO PICTURE

S0297 - TOUAGUBA HILL, GRANVILLE

SOLD

"Top of the Hill"
1 x 2 Bedroom and 2 x 1 Bedroom Apartments
Partly furnished, fantastic view all around, heaps of parking with big yard, sealed driveway.
Asking Price K 550,000.00

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S0269 - DAVETARI COMPOUND, TOWN
Looking for a secure and entertainment property for your family?
This highly attractive property is situated in a compound is a 3 bedroom fully furnished town house built of brick and timber structures with large rumpus room downstairs plus an additional room for storage or office.  The master's bedroom has ensuite and walk-in wardrobes.  It has a separate kitchen with servery opening out to the balcony, and then established garden with common swimming pool and entertainment area in the centre of the compound.  It has ample car parking area and fully secured with electric gate and 24-hours security.
The corporate fee for management of common area is K 10,000.00 per annum, which includes security services, pool maintenance, cleaning of common area, repairs and maintenance to fence, driveway and electric gate plus other relevant expenses.
Asking Price K 500,000.00

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S0276 - MCDHUI STREET, KOROBOSEA

SOLD

Great for Staff Accommodation
6 x 2 Bedroom units in a large compound, recently renovated and painted, undercover parking for tenants, electric gate and security fenced and painted all around, Haus wind and entertainment area.
Asking Price K 450,000.00
Gross Annual Return 22%

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NO PICTURE

S0102 - SARAGA ST., SIX MILE

SOLD

Two (2) acres of land with Warehouse and office space (partly leased), bore water and holding tank with rooms for expansion.  Located next to Fletcher Morobe, Hebou Construction and Monier PNG.  Ideal for investment and commercial use.
Asking Price K 450,000.00