Auction results

Press, 13 May 1987, Page 61

Auction results

A 35-year-old, three bedroom home at 10 McMillan Ave was passed in at $175,000 when offered for auction on-site on April 23. It was sold iminediately afterward for $lBO,OOO. The house was of timber construction and had a 1984 Government valuation of $135,000. The auction was held on a wet day which reduced the number attending to eighteen. Bidding was described as average by auctioneer, Mr Philip Alexander, of Sherris and Robertson, Ltd. Mr Alexander also conducted the auction of a small holding of 6333 sq m in old Tai Tapu Road, on May 1. Conducted pn-site the auction drew a large crowd of about fifty. Bidding for the property of over one and a half acres with a four bedroom home and sheds was very keen. The property was passed in at $149,000 (1984 G.V. $64,000). Four interested parties entered negotiations' and the property sold for $150,000. A three bedroom villa on a 667

sq m section sold for $45,000 when auctioned on April 30. The property at 9 Slater Street, Shirley had a 1984 G.V. of $36,500.

It was described as a property in need of some renovation.

Bidding at the auction conducted in the Cashel Street Rooms of Wtightson Real Estate was described as “very spirited” by auctioneer, Mr Albert Sprott Forty people attended the auction.

Bids rose in $5OO increments switching to $lOO toward the close of bidding.

“The Homestead” at 39 Panorama Road was sold for an undisclosed sum on Tuesday, May 5.

The auction was held on the premises of the four bedroom home. It had a large lounge, study, spacious kitchen and a covered veranda.

The property had been held by one family for 85 years. The 4625 sq m section was; mostly flat sub-divisible land, i virtually surrounded by public J reserve.