NONE SOLD

Sun (Auckland), Volume IV, Issue 1075, 12 September 1930, Page 1

NONE SOLD

TRANSPORT BOARD SITES ALL PASSED IN POOR BIDDING Vendors’ and bidders' ideas of values did not coincide at the Chamber of Commerce today, when the Ponsorby tram barn site and several other Transport Board properties were auctioned by Palethorpe and Parkes. None of them was sold and some were passed over altogether, failing to draw any . bids. The auctioneer started with the old barn site, which occupies the block ot Jervois Road, between Wallace Street and Salisbury Street. The first let with a frontage of 46ft to Salisbury Street and a depth of approximately 179 ft, was passed in at £4lO. Bidding started at £3OO, increasing in £25 rises to £4OO, when a £lO rise was allowed. Lot two has the same frontage, but its depth is slightly less. It drew ouly two bids and was passed in at £275. Bidding was a Tittle brisker for lot three, commencing at £3OO and rising to £370. At this sum it was passed in. Lot four failed to attract bidders. The auctioneer then took lot 12, at the corner of Jervois Road and Wallace Street. He stated the property was worth £I,OOO, but buyers again failed to agree with him, and the bidding, which started at £SOO, stopped at £6OO, where the property was passed in. HOBSON STREET WAREHOUSE Offering bidders a choice of four sections at the one price was also unsuccessful. N Though the sections had good frontages to Jervois Road, the highest bid was £425. Lot five on the corner of Salisbury Street and Jervois Road was looked upon by bidders at being worth no more than £450; this failed to reach the reserve. Other lots were passed over. A city warehouse, which was acquired from the old tramway company, and which came to the Transport Board through the City Council, drew £5,000 for an opening. At £6,000 it was withdrawn. The warehouse is in Hobson Street. A business site, situated in Onehunga, and belonging to the Transport Board, failed to attract any bids.