Sale of C Pharazyn, Esq's Makico Estate.

Feilding Star, Volume XIX, Issue 294, 16 June 1898, Page 2

Sale of C Pharazyn, Esq's Makico Estate.

At the Assembly Rooms, Feilding, yesterday afternoon, Messrs Gorton and Son offered for sale by auction the whole of C. Pharazyn, Fscj's, estate in arid adjoining the borough of Feilding and known as the Makino property. The quality of this land being well kn«wn and the terms liberal, a large number of persons were attracted from distant places, besides many who have been settled in the district for sometime, and at the least three huudred persons must have attended the sale. The whole of the sections are in sub-division D of the Manchester Block, with the exception of lot 34 which is in subdivision E. Lots 1 and 11 (inclusive) front Kimlolton road, the latter also fronting Keid's line ; lots 12 and 20 and 23 to 28 (inclusive) front a new road into the estate, lots 12 and 20 also fronting i'fcid's line; lots 21 and 22 front Keid's line ; lots 29, 30 and 31 front Spnr road ; lots 32, 33, 34 and 35, front Makiuo road, the latter, which is the homestead,, also frofit-isg Reid's Hue. Col. Gorton read the conditions of the •sale, and referred to the progress which Feilding aud district had made during the last twenty veara. He also dwelt on tho importance to the district of this property being cut up into small boldiups. Mr N. Gorton wielded the hammer. The first section offered was lot 31, which started at £12 10s the bidding beiug rapidly carried on to JE2O 10s, wben it was knocked down to Mr F. W. Kobertstein, of Rongotea. Several other sections elicited smart competition, notably lots 22 and 28, which were disposed of for L 26 aud 1r23 10s respectively. Nine sections were passed in but three wire sold immediately afterwards at the reserve prices. It is noteworthy tbat all the buyers were practically residents of tho district, and com-prisi-d stf rhug settlers who thoroughly knew w bat they were doing, which in itself f-piaks for the quality of the land offered. The value of the laud sold at auction came to L2j,500 15s sd, averagiug Ll4 os 3d per acre; the value unsold and under offer to day was over L13.C00, making tho total value L 39 OGO, and the average Ll4 10s au acre. There is every probability of selling everything, as numerous inquiries Lave becu made for the unsold portions. Followiug are the lots wbich were sold with the price per acre and } the namo of tbe purchaser : —

L0t 11195 a. — 195 aor 24p, being section No. 6.— John Freckling ton, £8 7s Gd an acre.

Lot 2— 211 aOr 12p, being section Xo, 5. — A. Dernier, £I£3 10s an acre. Lot :i-20Sa lr 02p, section 4.-Jas Donald, .£ll an acre.

Lot 4- 172 aL; 20p, section o.—V Desmond, £11 5s an acre. Lot 5 — 54 a, being part section 26. — A Dennei, 110 an acre.

Lot 6 — s'2a, part section 20. — A. Dei 1 lucr, 110 an acre.

Lot 7 — osa, ])art section 26. — ]>. I', Buchanan, .£ls ss. Lot 8-531 a, part section 26.— \\\ Baker 115 10s.

Lot 0-152a2r, part section 26.— E Holmes. .£lO 15s.

Lot 12— 5 a 2r, part section 28.— C Can-, i-20.

Lot 13 — 5a 2r, part section 28. — C Can-, X' 22.

Lot 14 — 10a, part section 28.— Kober stein Bros, £11.

Lots 15. 16, and 17 — 10 acre?; each part section 28 — J. Hammond Murray JEI7.

Lots 20 and 21— 4a 3r each, part sec tion 28. - Mrs Tuck, £22 10s.

Lot 22— 4 a 3r, part section 28.— "\Y. W Torpe, £26.

Lot 2:} 10a or, part section 28.— W \\ Corpe, XlB.

Lot 24— 10 a Br, part section 28.— J. R Davies, ±17. Lot 25 - 10a Hi-, part section 28.— W Baker, £16 10s.

Lot 26 -10 a 3r, part section 28.— AY Baker, .£lO 15s.

Lot 27— 21 a 3r, part section 28.— W Baker, £17 ss. Lot 28— 37 a 2r, part section 28.— W 7 Baker, £23 15s.

Lot 30 — 185 a, part sections 32 and 33— Jas. Knight, £16 15s.

Lot HI — 195 a, part section 33. — Fred crick W- Koberstcin, £20 10s.

Lot :J2— 4oa, section 6a. — W. Baker, £16 las. Lot 33 -40a, section 3a.— H. H. Liddie, £I~>.

Lot 34— 47 a3r 80p, section 4, sub. c — W. Baker, £17.