$160,000 buys Glen Colwyn

Press, Volume CXVI, Issue 34119, 3 April 1976, Page 2

$160,000 buys Glen Colwyn

Glen Colwyn Estate, a store sheep and cattle grazing property at Parnassus. was sold at auction vesterdav for $160,000. Of 1416 ha (3500 acres). J t was offered on account of the estates of D. G. and J. F. Macfarlane. Glen Colwyn is mainly hill country, with about 350 acres of flats and easy downs. Last year it wintered 2800 Corriedale sheep, ad 230 cattle. Run as a store stock unit, it is considered to have good potential for increased stock numbers, with further subdivision, topdressing, and over-sowing. _Ruildings on the property

i comprise a modern three- , bedroom house, built in permanent materials, a married couple’s cottage, along with •the usual complement of - farm buildings. The sale drew keen interest. at least 60 persons attending the auction. Bidf ding opened at $130,000, and' the final price was reached solely in bids of $5OOO. The Government valuation, made a year ago. is $140,000. ’ Stock and plant, if re- ‘ quired. ate to be taken over (* by the purchaser at valu--1 at ion, which ha.- been fixed at almost $49,000. < The buyer, whose name e has not been disclosed, was i a Christchurch businessman, r The agent in the sale was 1 n vne. Gould. Guinness, Ltd,! and the auctioneer Mr F. M. . 'Templeton.