TO-MORROW’S LAND SALE.

Gisborne Times, Volume XXVIII, Issue 2751, 4 March 1910, Page 5

TO-MORROW’S LAND SALE.

ARUNDEL TOWNSHIP

Our readers are reminded of the sale of choice riverside sections which is to take place at His Majesty’s Theatre to-morrow morning at 11.30 a.m. It is long since such a number of really choice and desirable building sites have been offered to the public of Poverty Bay. For some time past land sales have not been quite as successful as in years gone by. the reason doubtless being that there'is a superabundance of the ordinary quarter-acre sections in the market. ‘ Nevertheless, speculators have been present at these sales and it is claimed that in no single instance lias a loss been sustained on prices paid at auction: on the other hand persons who neglect the opportunity of entering into the competition of the auction room are frequently prepared to pay higher prices. The properties which form the subject matter of the sale are so well and favorably known that a lengthy description is quite unnecessary. Suffice it is to say that the available number of choice river-fronted sections is rapidly diminishing and with the reformation and widening of the Riverside road, which will soon be an accomplished fact, purchasers at to-morrow’s 'sale may confidently look forward to largely enhanced values in the near future. Many years ago the late Air A. F. Somerville, at that time one of the wealthiest men in the district —with the pick of Poverty Bay at his command —decided after careful consideration to build in this locality, as being the most healthy and desirable, and so far back as lo years ago offered £3OO per acre to “General” Chute for part of tlie land now being submitted for sale. The geniality of the climate, the fertility of the s oil, and picturesqueness of the surroundings all contribute to the attractiveness of the locality and the fact that perfect drainage to the river is obtainable, that the terms are exceptionally easv, and that each section lias either a‘frontage to the most delightful portion of the beautiful W aimata, that there will be no high rates payable, should prove strong incentives to Iravers to attend tins important sale. The late residence of Mr j. M. Arundel, containing seven rooms, with every convenience, including hot and cold water, and all necessary outhouses, standing on 2* acres of the property, will be one of the that should command spirited competition. After the sale of Anindcl’s six sections in the estate of the late Mr W S Lunn will be submitted for sale, together with the modern and well-ap-pointed residence now in the occupation of Mrs Lunn.. These sections, owing to their proximity to town aud choiceness of situation, should find ready purchasers. As the number o. sections to be got through is consideiable the auctioneer announces that the sale will commence punctually at 11.30 a.m. Plans and particulars and conditions of sale may be inspected at the office of Messrs Parker Bros, and Sheridan, Peel Street.