TO REAL ESTATE INVESTORS AND SPECULATORS

Sun (Auckland), Volume II, Issue 323, 7 April 1928, Page 11

TO REAL ESTATE INVESTORS AND SPECULATORS

REALISATION SALE OF LICENSED HOTEL AND SHOP PROPERTIES.

To be Offered by Public Auction at Christchurch on Monday, the 23rd April, 1928, at 2-30 p.m. Right in the heart of New Brighton, Christchurch —the most popular seaside resort in the South Island —is a complete block of property belonging to James Patterson's Estate. One side faces the main sired. Sea View Road, another the Esplanade, with the third and fourth facing Beresford and George Streets. Seldom indeed is such a block offered at auction —the ’ very key to the business centre. The property is being sold as the Estate has ! to be distributed. The buildings on the property comprise the Ne, Brighton Hotel -»nlv licensed house in the district i, Maori Tea Rooms. Offices, Club Room, and four brick shops and corner shop. While present rentals total £2,201' J- r- . annum. a \ery large revenue will l.a 1 returned when the property is fuliy ' built on —one large frontage at pres--1 cut carries no buildings at all. 1 The Auctioneers. Messrs. W. E. i .'sitn"s and Co,, 148 Hereford Str, . Christchurch, will offer the prop-' ‘ y as a who’e. Should no sale be effect i the Hotel Block will then be offered: and if sold it will be followed by the Esplanade Block and the shops last of all. Full particulars and information ! regarding the lo uses can be obtain d from the Solicitor to the Estate, ei . \ S Xicholls, Solicitor, Christchuri ' loc. lift- rians terms. etc- from tin Auctioneers. W E. Simes and Co.. 1 '•> Hereford Street. Chris 'church.