Building shares up for sale

Former franchisee Mark Winter has launched a new business specialising in proportionate ownership schemes and says he has learned from mistakes.

He wants investors to buy into a new scheme to own a share of a building on the corner of Great South Rd and Greenlane Rd in Auckland, where he is projecting an 8.67 per cent return.

Winter's new company, Oyster Property Group, is offering investors 75 units in the office building for $100,000 each and although the offer was launched only about a week ago Winter said he had already sold 10 units.

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