SENSATION IN CITY PROPERTY.

Dominion, Volume 14, Issue 18, 16 October 1920, Page 10

SENSATION IN CITY PROPERTY.

.Uore than usual interest is centred in the sale by public auction of that property known as the Al Hotel' and the ndjoming premises occupied by Messrs. Beath and Co., Ltd., as a mercery and clothing department, which is to be of. fered by 11. Matson and Co. in their rooms, Caslwl Street, Christchmrch, on Saturday October 23. Such an opportun. Uy.to acquire Christchurch city property seldom presents itself to the public. The position is absolutely the finest in fho city and for retail purposes has no equal. Look at tbo frontages—ovw 00 feet to Cashel and 101 feet to Colombo Street— and work out llio number of shops that could be erected on this piece of land, and then you can rnnlise what a valuably site it is. Then again, the licensee of the' Al Hotel is prepared to sell his interest in tho lease of the hotel at a nominal figure, so that the lucky purchaser can pay his cash and get early possession. Bemcmber this, that it is only once in a lifetime tlStit city property of this kind reaches the open market, and, if you lose your chance, it may be many years before you are able to buy similar property again. Busings people and speculators from all over the Dominion aro talking about this sail?, and if you want'any furrier particulars inquire from the auctioned, Messrs. H. Mat.\m and Co., or Charles S. Thomas, Solicitor, Christchurch.—Advt.