IMPORTANT SALE OF TOWN LAND.

Taranaki Daily News, Volume XXXXV, Issue 192, 16 June 1903, Page 2

IMPORTANT SALE OF TOWN LAND.

In connection with the development of the town a meet important tale of laud has just taken place, the purchase 'money running into five figures. The property in question belonged to Mr, ■T. Veale, and cons : sts of 109 acres, ' having neaily half-a-mile of frontage to Dovon-street, in the vicinity of the Belt , Eoid. Many of the old identities have [ considered that this locality should have Daen fixed on for the town itself, and 1 not a few of the far-seeing men of today are firm in their faith that the spot in question will become part of the ..town. Its situation is most favourable I for cutting up, and it oocupirs a 'a central position between the town and the breakwater-road to which there is a direct ontlet. Moreover its proximity to the Western Park will greatly add t> is value for building si'es. It is well known that for mm; J years put this block has been coveted by those who could s.e its real value ( and now that it has been sold and will be put on the ratrket in a ctions there should be keen competition. We ' understand such special terms of pur- ' chase will be offered that the ability to | acquire sections will be within ! reach of all. It may safely be said that co more important sale of property 'so close to the town has taken place | and those on tho look-out for sections should ba on the alert when the plans ! and particulars are issued. The steady and solid progress the town is making is attracting the attention of outside < buyer?, who do not appear to hesitate l in speculating in land, so strongly are ' they convinced of the future prosperity of the town. This should give a greater 'stimulus, if one is needed, to looal investore.