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Important Sale of Land on Heddon Bash Estate.

Messrs Wright, Stophenson and Co., associated with the National, Mortgage and agency Co, Ltd., report; having' completed the sdio, on behalf of Donald MoOoaald, Esq., of all of the remaining available sections on the [Jeddon Bush Estate. The particulars of the land sold are as follows: — Section 16, containing 728 acres 3 roods 23 poles ; section 17 of 081 acres 0 rood.-: 21 poles, and section 18 of 243 acres 2 roods 3>') poles, an aggregate of 1653 aerws 2 to-als 3'i po!e3. The purchaser is Mr Harry >Smitb, the well known contractor and farmer oa the !N"ew iiiver, near Winton. This stle concludes the settlement of all tlui liMnhnld land, compiitiog about 12.000 HOiei-, which belonged to $Ir J. Tennant, and which was bought from him ju3t twelve months ago for subdivision purposes by Mr Maodouafd. The selling of this estate in suitable areas for mixed farming has proceeded without; the slightest difficulty, and had a much largpr area been submitted to die pubic -ill would have been taken up ■it very g-od prices by the local settler<■■. Hedion Bush has always borne a good reputation in Southland, and portions of thu original estate which Mr Teananfc (iioposed of have turnnd out so well-for the purchasers that there was no scarcity of buyers when the remaining blocks were offered for sale. Within three months of beiDg offered for sale privately nearly half of the property wa3> taken up. There was very keen competition for all the deep wheat-growing land, but the best demand of all was for the deep tussock land, which was looked upon not only as a very profitable, but also as a very safe investment, and it is a pity that there is no more of such country available in that district. The fact of prices for land being so firm and having alweys a tendency to advance, and this despite the large areas thrown open for settlement during the past twelve months, comprising the estates of Edendale, Waimea, Castlerock, Moa Flat. Heddon j Bush, etc., is proof positive that agricul- j ture in Southland is a profitable business, j Indeed, considering that prices for good 1 arable land in Southland are about loss | than half the prices asked for the same j quality of land in Canterbury, while on the other hand prices for agricultural produce such as meat, wool, vv&iv, butter, cheese, etc., in the South compare very favourably with Northern prices, it is not surprising to find such a healthy demand for Southland properties.

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Bibliographic details

Ashburton Guardian, Ashburton Guardian, Volume XXII, Issue 6583, 30 May 1905

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Important Sale of Land on Heddon Bash Estate. Ashburton Guardian, Volume XXII, Issue 6583, 30 May 1905