Page 29 Advertisements Column 3

Press, 13 April 1978, Page 29

I Auctions SALE OF LEASEHOLD HOTEL PREMISES KNOWN ! AS TRAILWAYS HOTEL [UNDER CONDUCT OF THE REGISTRAR OF THE HIGH COURT OF THE COOK ISLANDS AT the request of the first mortgagee in exercise of the power of sale contained In a certain Deed of Mortgage dated the 9th day of August. 1974, from Trailways Hotel Rarotonga) Limited a duly incorporated company having its registered office at Avarua, Rarotonga. Cook Islands, as Mortgagor to Mcßride Elwood Wadham and McKegg Nominees Limited (now Rowe Mcßride Nominees Limited) a duly incorporated company having its registered office at Palmerston North as mortgagee on Thursday, the 11th day of May. 1978, at 2 o’clock in the afternoon Mr J. D. Kenning will offer for sale by public auction at the Courtroom. Avarua, Rarotonga, Cook Islands, the hotel premises situated 1J miles to the east of Avarua township on the Island of Rarotonga, Cook Islands, known as Trailways Hotel being FIRST: As estate or interest as lessee under and by virtue of a certain Deed of Lease dated the 29th day of June, 1973. in that piece of land containing 5313 square metres or thereabouts being situated in the Island of Rarotonga in the Cook Islands and being Part A of the land named by the Land Court Aukotorau Section 190 C in the Tapere of KJikii District of Avarua and comprised in an Order of Investigation of Title made by the said Court on the 12th day of March 1908.

SECONDLY: ; An estate or interest as lesI see under and by virtue of a j certain Deed of Assignment (thereof to Trailways Hotel (Rarotonga) Limited dated the 911) day of October 1974 in that piece of land containing 1 acre 1 rood 8 perches or thereabouts situate in the Island of Rarotonga In the Cook Islands and being part of the land named by the Native Land Court Katau Section 190 D in the Tapere of Kiikii District of Avarua; and THIRDLY: An estate or interest in leasehold under and by virtue of a certain Deed of sublease dated the 18th day of December 1973 in that piece of land containing 4137 square metres or thereabouts being situate In the Island of Rarotonga and being part of the land named by the Land Court Punamaia Section 190E2 in the Tapere of KUkii Avarua District such piece of land excluding an area of 3002 square metres being part of such land which was subleased to the Crown pursuant to a Deed of sublease dated the 9th dav of October 1974. TOGETHER WITH the benefit of the Licence of the aforesaid premises given under the Tourist Authority Act 1968 granted in respect of the premises erected upon the said land. The property consists of a hotel complex comprising four accommodation blocks of ten accommodation units, each a central administration block comprising lounge, bar. kitchen, reception, dining and guest facilities for entertainment and a swimming pool. The construction of the buildings was completed in about December 1973 The property is situated 15 miles to the east of Avarua township by sealed road and lies on the seaward side of the island facing almost due north. A sale will be made subject to the Tourist Authority Act 1968. the Development Investment Act 1977 and the Leases Restrictions Act 1976, all of which legislation is in force in the Cook Islands. The Mortgagee’s application to sell (including its estimate of the value of the property) and the particulars and conditions of sale may be Inspected at the offices of the Registrar of the High Court of the Cook Islands at Rarotonga without payment or fee at any tirlie during office hours prior to the sale and a copy may be seen at the sale. Particulars and conditions of sale mav also be inspected at the offices of Messrs Clarke and Co., solicitors, Ingram House. Avatiu. Rarotonga. Cook Islands, and at the offices of . Messrs Fitzherbert Abraham and Co., solicitors, 187 Broadway Avenue, Palmerston North, New Zealand. solicitors for the mortgagee.

Properties for Sale LYTTELTON: Magnificent view, 2 storey 4 bedroom home on 32 perches. 2 titles, new wiring and plumbing, centrally heated. A good family home. $18,950. Ph. Jacob Schriek M.R.E.1.N.Z., 61-838. after hours 31-085. LYTTELTON EAST. Only 2 year bld delightful permanent material home consisting of large lounge, dinette, kitchenette, 3 bedrooms, modern bathroom, large basement workshop. Maximum sunshine and harbour view. $25,000. F. 1. Sutton, M.R.E.I.N.Z. Ph Lyt. 8403; a.h. 841-740. 52383 LYTTELTON. Substantial bungalow. Lounge, dining room, kitchen, laundry, 2 bedrooms, large sunroom and basement. 40 perch section. Great buying at $12,800. F. I. Sutton, M.R.E.I.N.Z. Phone Lyt. 8403: a.h. 841-740. 52384 LYTTELTON WEST. As new split-level bungalow built of permanent material and comprising large lounge, dining room, kitchenette, laundry, 3 double bedrooms, bathroom, sep. shower cabinet, built-in bath. A super home with exceptional harbour view. 525.500. F. L Sutton, M.R.E.I.N.Z. Ph. Lyt 8403; a.h. 841-740. 52384 MAIREHAU: $45,000 0.n.0. New listing, large 3 double bedroom Summerhill stone property, built on large private section in excellent street. Excellent lounge i with ranch slider to patio, I large living/dining area. A must to view. Ph. Ingram,: Foru and Hadfield, Ltd,: M.R.E.1.N.Z.. 797-830 a.h.! 427-773. HB4s| MAIREHAU. Most attractive 3 bedroom plus sunroom bungalow in a nice quiet street, handy to Innes Rd shopping centre. Extra large garden section with mature fruit trees etc. Ideal family home in immaculate order, qualifies for H.C. finance under the new’ scheme. Only $25,850 0.n.0. Contact vendor’s agent. Alan Blackadder. Kent Prier Real Estate. M.R.E.1.N.Z.. 794-120. after hours 34-875 MERIVALE. First time offered by sole agent. 2 storey 6 bedroom weatherboard home with tile roof. Master bedroom has en suite, spacious living and handy shopping. Priced to sell at $45,000. Ph. Myra Young. Merivale Real Estate, 555707: a.h. 515-645. M.R.E.I.N.Z. MERIVALE. Charming character home on established garden section. Large entrance hall sitting room, formal dining room. TV room and sunroom. 4 dble bedrooms, modern kitchen with eye level stove. Xpelair. vvastemaster, etc. $65,500. Landsdovvn. M.R.E.1.N7.. JV6-O2« a.h. 55P*H0 MERIVALE, Brawns Road. First time offered. Spacious. 3 double bedroom home, situated on a lovely 53 perch, rear section. Price $29,950. Further details with, sole agents. Stuart Fox 799910: a.h. 559-350, Warwick Todd, M.R.E.I.N.Z. H 4489