Page 16 Advertisements Column 4

Dominion, Volume 1, Issue 229, 20 June 1908, Page 16

AUCTIONS. — —; NEXT TUESDAY. SALE BY PUBLIC AUCTION Of tho FINEST VACANT CENTRAL FREEHOLD BUSINESS BLOCK IN THE CITY OF WELLINGTON. WOODWARD STREET And • WELLINGTON TERRACE. A TOTAL FRONTAGE OF ONE HUNDRED AND FIFTY-SIX FEET SIX INCHES TO WOODWARD STREET AND WELLINGTON TERRACE. THE BRIGHTEST AND MOST SUNSHINY SPOT IN THE CITY. A TOTAL AREA OF FIVE THOUSAND ONE HUNDRED AND THIRTY-TWO SQUARE FEET. IN THE EXCHANGE LAND MART, No. 155 Lambton Quay, Wellington. ON TUESDAY, JUNE 23, 1908, . At 2.30 o'clock p.m. rj\ KENNEDY MACDONALD, LTD., aro favoured with instructions to sell by > public auction, as above— THE MAGNIFICENT VACANT CEN-, TRAL BUSINESS BLOCK, AT THE CORNER OF WOODWARD STREET AND WELLINGTON TERRACE. I ■ ' This Great Business Centro is immediately in front of the Wellington Club, and has a clear .round frontage of no less than ONE HUNDRED AND FIFTY-SIX AND A HALF FEET. ' . i. Adjoining it, on the opposite corner of Wellington 'Terrace and Woodward Street, is the great block of buildings occupied by Mr. Herbert Rawson and his tenants, and admittedly ono of tho FINEST INVESTMENTS in tho City of Wellington. Tho vast improvements which during tho past few months have taken place in connection with Woodward Street and Wellington Terraco havo revolutionised this connecting link with Lambton Quay, and made it ono of the finost thoroughfares in the city. Nothinj ..can stay this great Block "being built upon—shops on tho ground floors and tho upper floors Becoming tho consulting rooms of leading,doctors, dontists, arid othor professional men in tho Empiro City; A preliminary sketch design has been prepared, showing the olevation of a now building expressly adapted for erection on this great block. With a to proper effect boing given to this design, a costly and elaborate foundation has been laid down, which will enable six stories to be built with perfect safety; From the calculations which have beon propared rogarding this design, it is clear that no less a rontal than .£3500 per annum can be relied upon as a safe return for tho capital embarked' in tho freehold land and the building which will require'to bo erected on this GREAT CENTRAL BUSINESS BLOCK. Whatever may be thought of land matters in the Dominion of Now Zealand, there can only bo one opinion amongst every class in the community regarding the future of land values in tho main thoroughfares in tho City of Wellington, and that future is an nbsoluto certainty of constant and ever-increasing progress. s i Who is to say at what point land value frontages are to stop? To-day, in Cuba Street, they range from ,£175 to .£250 per foot. In Manners Street from .£2OO per foot to ,£2.">o.por foot. In Willis Street from .£2OO to £275 per foot. In Lambton Quay, from Stewart Dawson's corner to Lindsay's corner, ,£350 per foot to £400 per foot* THE TITLE IS LAND TRANSFER ACT. THE TERMS ARE :- PER CENT. DEPOSIT. PER CENT, in 6 MONTHS. JQ PER CENT. IN 2 YEARS, BALANCE IN 5 YEARS. INTEREST ON UNPAID PURCHASE MONEY 5 PER CENT. For Conditions of Sale, Particulars of Title, Plans of Property, etc., apply to Messrs. Brandon, Hislop, and Johnston, or to THE AUCTIONEERS. T. KENNEDY MACDONALD, LTD., EXCHANGE LAND MART, No. 155 Lambton Quay, Wellington. 9563-