OPERA HOUSE

Gisborne Herald, Volume LXXIII, Issue 21924, 19 January 1946, Page 4

OPERA HOUSE

LEASE RENEWED farms change hands FEW PRICES ALTERED The renewal of the lease of the Opera House to Gisborne Theatres, Limited, was considered at a meeting of the Gisborne District Land Sales Committee yesterday. The committee approved of the lease of the property for five years from November 1, 1945, for £<Bo pex annum for the first two years and £BBO for the remainder of the term. No rights of purchase or renewal were sought. Farm Lands at Tc Karaka Approval was sought for the sale of farm lands at To Karaka, 125 acres being freehold and 16 acres leasehold. The latter was for 21 years as from May 1, 1936. The purchaser was a returned serviceman. The agreed price was £SOOO, but a special Crown valuation placed the freehold at £4300 and the leasehold at £133, the latter the lessee’s interest, a total of £4433. The price approved by the committee was £4040.

The agreed price of £3OO for 100 acres of farm lands in the Opotiki district was approved by the commitee. The purchaser was a discharged serviceman. The sale of an area of land between Lytton road and Northcote road, consisting of 17ac lrd 33per, was considered by the committee and approved at the agreed price of £2OOO. The land was bought for the same price in August, 1945. The purchaser was a discharged serviceman. £l5O for Wainui Section The price for a vacant section of lrd Bper at Wainui was approved at £l5O. The committee determined the fair value to be £9O, but in view of its special value to the purchaser, an exserviceman, it approved the sale at the above-mentioned price. The purchaser, it was slated, intended to erect a house and a shop on the property. Applications were received regarding the sale of three house properties in the Borough of Gisborne. A property in Ormond road with lrd 14per was approved at £llOO, a house on a section of MOper in Harris street at £1350, and another house on lrd lOpev in Carnarvon street at £6OO. These were the agreed prices. In a new sub-division at Opotild three sections of lrd ,04per were each approved at £BS, while the fourth, of 3rd 30.5 per changed hands at £195. Other sales approved by the committee were: Section. Stanley road, 34pcr, £ls; section Mary street, lrd, £25.