Page 34 Advertisements Column 4

Press, Volume CVIII, Issue 31724, 6 July 1968, Page 34

AUCTIONS PUBLIC AUCTION 391 ACRES FAT LAMB CROPPING 8 SMALL SEEDS FARM GLENTUI Only 20 Miles From RANGIORA On Account Of— MR E. M. MORGAN ON FRIDAY, JULY 19, at 2.30 p.m. In our Land Sales Room, Cashel Street, Christchurch. SITUATION: On the main Glentui Road approximately eight miles from Oxford and 38 miles from Christchurch by sealed road. SUBDIVISION: Into 20 paddocks with excellent fencing, cyclone gates and many shelter belts of Benthomi, Arizonicas, Lawsoniana. COVER: Practically all of the property is sown in high producing ryegrass white clover pastures, the balance being stubble and wheat. An area of 38 acres is planned for wheat this season, part of which is sown. CONTOUR: With the exception of terraces, all the property can be worked with wheel tractor and it has a gentle fall to the Ashley River. (An area of riverbed lease is available but has not been stocked by the owners for many years). Soils Range from warm sweet river terraces and medium loams to heavier well drained clay loams giving a good balance. STOCK: The carrying capacity of 1200 Romney Ewes, 400 Hogget replacements plus Rams and dry stock could be built up considerably with run cattle. Lambing average approximately 100 per cent, wool production 40 bales. Wheat yields average 50 bushels Hilgendorf. Water supply from springs, creeks and deep well bore with pressure pump to buildings. FERTILISER: Lime and superphosphate has been extensively sown consistently over the years. BUILDINGS: An almost new 1700 square feet Lockwood built home with spacious basement area containing three car gar age. games room and storage space. This home is of contemporary design and is thermocontrolled electrically heated: contains two living rooms, three bedrooms and every convenience. SECOND HOUSE: An additional bungalow of approximately 2000 square feet with dual hot water and all conveniences; this home is old but quite adequate and in a setting of trees and shrubs OTHER BUILDINGS: Burnett’s all steel implement shed, also steel hayshed. Large manure and storage shed and ether useful buildings. Wool shed: The existing building is aged and although serviceable, will require replacing in the near future: a new woolshed is in the course of construction. TERMS: Ten per cent of the purchase price and stamp duty on the date of the sale is required. Possession one month after the date of sale. FINANCE: The vendor is prepared to leave up to 930,000 on first mortgage at 6i per cent per annum for 5 years with R.O.R for a further 2 years to an approved purchaser. OFFERS PRIOR TO PUBLIC AUCTION: We are prepared to discuss offers from those in a position to negotiate a contract prior to auction. AUCTIONEER’S NOTE: This almost fully developed, high producing property has been successfully farmed by the owner for 20 years and it is only on account of bis ill health that it is for sale. The fact that the vendor is prepared to leave a substantial sum on first mortgage shows his confidence in its earning capacity. We would like to point out that a buyer taking over at this time of the season, will be receiving an Income within a very short period and that crops will be sown and ewes carried through the winter ready for lambing. The farm, at the present time, is carrying a tremendous amount of feed, showing the high state of fertility brought about by the efficient management and topdressing programme over the years. We strongly recommend your early inspection of this property. For full particulars and arrangements to inspect, please contact the auctioneers: THE N.Z. FARMERS' CO OP. ASSN. LTD. Christchurch and Ranglora. 3420 HOTELS FOR SALE FREEHOLD licensed hotels. Cities, main towns and country districts. M. M. Rathie, James and Co., Ltd. M.R.E.1.N.Z. 170 Manchester St. 50-159. A.H. M. Johnson 583-336. 3767 SITUATED in sunny South Canterbury township. Two-storey brick building, extensively renovated, with large area car park. 6 bedrooms, all hot and cold water, accommodation for 11 guests. All furniture, furnishings and equipment new. The house side could be managed by wife with casual help only. Excellent turn-over. Price, 960,000, plus stock and plant. Can be financed on 920,000, balance can be arranged. Reply to: P.O. BOX 38, TEMUKA. 9312 BUSINESS FOR SALE A flourishing Private Hotel—bed and breakfast—under present ownership for 12 years. Good lease and right of renewal. Free living and tax paid profits in excess of 96000 per annum. Could be Increased by active couple. Total ingoing £BOOO. Some finance available to approved purchaser. Reply in confidence to: "PRIVATE HOTEL," P.O. Box 1310, Christchurch.