Page 32 Advertisements Column 6

Press, Volume CVIII, Issue 31730, 13 July 1968, Page 32

AUCTIONS PUBLIC AUCTION 391 ACRES FAT LAMB CROPPING & 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 river bed 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 Hog get 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 contem porary design and is thermo controlled electrically heated contains two living rooms, three bedrooms and every conveni ence. 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 other use ful buildings. Wool shed: The existing building is aged and al though serviceable, will require replacing in the near fut ure; a new woolshed is in the course of construction. TERMS: Ten per cent of the pur chase 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 330,000 on first mortgage at 61 per cent per annum for 5 years with RO R for a further 2 years to an ap proved purchaser. OFFERS PRIOR TO PUBLIC AUC TION: We are prepared to dis cuss offers from those in a posi tion to negotiate a contract prior to auction. AUCTIONEER’S NOTE: This al most fully developed, high pro ducing property has been successfully farmed by the owner for 20 years and it is only on account of his ill health that it is for sale. The fact that the vendor is prepared to leave a substantial sum on first mort gage 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 prop erty. For full particulars and arrangements to inspect, please contact the auctioneers: THE N.Z. FARMERS' CO OP. ASSN. LTD. Christchurch and Rangiora