Page 4 Advertisements Column 3

New Zealand Times, Volume XXXII, Issue 5138, 11 September 1877, Page 4

Auctions THURSDAY, 20th SEPTEMBER. MASTERTON TOWN. ACRES. To follow immediately after the important sale of 1000 acres land, the property of James Gilligan, Esq. PRELIMINARY NOTICE. MR. R. J. DUNCAN has been favored with instructions from Henry Bannister, Esq., of Masterton, to SELL BY PUBLIC AUCTION, ON THURSDAY, 20th SEPTEMBER, Immediately after the sale of 1000 acres, THREE ACRES IN THE TOWNSHIP OF MASTERTON ! ! ! Subdivided into EIGHTEEN LOTS. ; ' 'These acres arc in Hall-street, with a chain road, 06ft. wide, on three sides of them, and are on the main road leading to the Railway Station. Also, THREE OTHER SECTIONS ON NO. 7 ACRE, With frontages to Williams-street. Lithographed plans are being prepared, and will be issued in a few days, when further particulars will,bo published. Terms : Gne-fourth cash deposit ; balance in bills at six months’ date, with bank interest added. The Auctioneer entertains no doubt but that the above simple announcement will have the effect of inducing strangers now in Wellington, capitalists generally, and all persona wishing to obtain freeholds in the most flourishing and rapidly advancing township in the colony, to visit it themselves, or instruct their friends or agents to do so without loss of time. A fairer or more promising investment is not to be found in New Zealand. . WEDNESDAY, 26th SEPTEMBER. THE GIBSON ESTATE. THE GREAT MANNERS-STREET SALE. WEINNIMORE will sell by public auc- , tion at the Odd Eellowa’ Hall, Lamhton-quay, on Wednesday, 26th September, at 2 p.m., by instructions from Messrs B. Smith & Co.— AT.L THAT VERY VALUABLE BLOCK OF LAND, &c. a portion of the estate of the late John Gibson, being those desirable properties on the south side of Manners-street, extending from the Wesleyan Church towards Willis street, and comprising about FIVE HUNDRED FEET OF MOST VALUALE FRONTAGES, with all the Shops and Buildings thereon, as under Lot I.—loft. frontage to Manners-street, &0., by a depth of 27ft. 6in., adjoining the Wesleyan Church. Lot 2.—slft. 6in. frontage to Manners-street, by a depth of 113 ft,, together with all the shops, buildings, and erections thereon, now in the occupation of Messrs. Simeon and others. Lot 3.—62 ft. 6in. frontage to Manners-street, by a depth of 134 ft. 6in., together with all shops and buildings, &e., now standing thereon, in the occupation of Messrs. Helyer and Petford. Lot 4.—35 ft. frontage to Manners-street, by a depth of 147 ft., together with the shops and buildings, now in the occupation of Mr. James Huxley. , Lot 5. —24ft. frontage to Manners-street, by a 1 depth of 66ft. 6in., with all shops and buildings thereon, now in the occupation of Mr. KingswelL ( Lot 6.—65 ft. frontage to Manners-street, by a depth of 111 ft., together with all the shops and buildings thereon, now in the occupation of Messrs. Reid, Love, and others. Lot 7.—42 ft. frontage to Manners-street, by a depth of 140 ft., with the foundry, shops, and buildings, now in the occupation of Mr. John Smith. Lot B.—2Bft. frontage to Manners-street, by a depth of 143 ft., with the shop and buildings, now in the occupation of Mr. Walker. Lot 9.—2Bft. frontage to Manners-street, by a depth of 143 ft., with the shop and buildings, now in the occupation of Mr. Martin. Lot 10.—18 ft. frontage to Manners-street, by a depth of 105 ft., with the shop and buildings, now in the occupation of Mr. Dempsey. Lot 11.—52£t. frontage to Manners-street, by a depth of 94ft., together with the shop and buildings in the occupation of Mr. F. Cooper. These properties- will he sold, subject to certain deeds of lease, how only of short date, particulars of which will be given in future advertisements. In introducing this magnificent property, the Auctioneer deems it unnecessary to comment upon its commanding COMMERCIAL position ; but he may be permitted to point out a few incontrovertible facts, which in themselves prove the advantages to be derived from an investment therein: — Ist. Its being situated in the very heart of the city proper, where it is always difficult to obtain good building sites. - , 2nd, The enormous traffic now existing and daily increasing from the establishment of steam factories, foundries, corn and flour mills, &c., and other great producing works' along the same line of street. 3rd. Its whole frontage being on the main outlet from Custom House-quay, the west end, and Lambton-quay in the most populous and rapidly-rising parts of the city, extending to Newtown, and on to that fine and healthy suburb Kilbirnie. It is hardly necessary either to refer to what is no doubt generally known, that within the past few weeks land in Manners-street hot built upon, and not so' centrally situated, has been let on building lease for fourteen years at £5 per foot, thus representing a present freehold value of 43100’ per foot, without interest in the buddings erected. This will give some faint idea of the present value of land in this street. The fine and handsomely-finished building recently erected by the BANK OF NEW ZEALAND, sufficiently indicates the vast importance attached to this street for business sites, and as growing and becoming for all time a solid basis and centre of operation. The erection in the same street of that massive and extensive structure THE THEATRE, points to a day, not far distant, when it will be impossible to obtain one foot of freehold in the vicinity, unless at a fabulous price. THE ARCADE.—That extensive block of building now being erected by Mr. F. Sidey, and immediately facing the centre of the Gibson Estate, will of itself create an immense extra amount of traffic, and considerably enhance the value of all property contiguous thereto. FINALLY, The vast importance of securing a part of this most valuable freehold property can hardly be estimated in the growing prosperity of that magnificent future which awaits the capital of this rich and prosperous colony. Wellington must, from its geographical position, in a short time become the great emporium of commerce, not only for these islands, but also for those of the South Seas.