Page 9 Advertisements Column 2

Free Lance, Volume II, Issue 90, 22 March 1902, Page 9

GREAT AND UNUSUAL OPPORTUNITY FOR ThE PROFITABLE INVESTMENT OF CAPITAL ABSOLUIE SALE~OF ONE OF THE LARGEST AND MOST VALUABLE FREEHOLD CORNER BUSINESS BLOCKS IN THE CENTRE OF THE CITI 01? WELLINGTON PROPERTIES RETURNING A CLEAR RENTAL OF £1000 PER ANNUM, AND INCREASING TO t'2ooo PER ANNUM NEARLY ONE ACRE IN AREA IN THE EXCHANGE LAND AUCTION ROOMS, No 84, LAMBTON QUAY, WELLINGTON. ON THURSDAY, .-3rd APRIL, l«>02, . At 2 30 o'clock p.m.

The Business Premises upon the Land consist of the Commodious Brick and Cement Buildings occupied by Messrs Barber and Co , Mrs Cross, Messis Jenkins and Mack, and Mr J D Slatei re&pectn elv occupying together a frontage of over 96 feet to Lambton Quay, and Foui Wood and Iron Buildings in Lambton Quav and Woodwardstreet, occupied by Mi Jew as a Private Hotel, Messrs. H C. Gibbons and Co . and several private tenants The property is situated m the best and busiest portion of Lambton Quay- — the finest street in the citv and immediately opposite the Occidental Hotel and Messrs Kirkcaldie and Stams's wellknown drapeirv premises

The long frontage to the Wellington Tei race of 1 1 1 feet 10 inches is at present unbuilt upon, but arrangements of a satisfactory character can easily be made with the tenants, so that this extremely valuable frontage mav be profitably utilised

All Rates and Taxes are paid by the Lessees leaving the Rental clear of deductions

It will be seen fiom the above details that withm a comparatively brief period the present leases will fall in. -The existing rentals under the leases were based upon the value of the land alone without counting in the cost of the buildings. If the land and buildings were tlo be re-let to-day they would bring in double the present income. This magnificent property was one of the earliest special reservations on the first plan of the city, and has remained the property of the descendants of the original owners from that date till the present day.