SALES OF FARMS

Gisborne Herald, Volume LXXIII, Issue 22011, 3 May 1946, Page 2

SALES OF FARMS

VALUES APPROVED TWO OPOTIKI DEALS LAND COMMITTEE SITS Several farm properties were dealt with by the Gisborne Land Sales Committee, comprising Messrs H. D. Chrisp, chairman, I. F. Watt and F. H. Forge, at its weekly sitting yesterday, the largest single property being a 492-acre holding at Opotiki which changed hands at £9950 with the approval of the committee. The special valuation made by the Crown was £IO,OOO. and the purchaser was a discharged serviceman. Other farms and farmlets subject to applications at the sitting included another Opotiki property of 133 acres freehold and 23 acres leasehold, the agreed price on the land and goodwill being £llßl 10s and that on the stock and chattels £lllß 10s, a total of £3000.' The special Crown valuation supported the price of the land, but not * the stock and chattels value, and the committee adjusted the respective values in approving the sale at £3OOO. A property in upper Fox street. Gisborne, was approved for leasing at £3 per week for three years, with no rights of purchase or renewal, but with compensation for new improvements. The area concerned was 50 acres. A 17i-acre farmlet in Lvtton road, which last changed hands in December at £2OOO, was approved for a re-sale at the same figure, and a Matakaoa farmlet of 10 acres was likewise approved at a price of £175. Agreed Reductions in Price Two applications in respect of which the agreed price and the Crown valuations varied considerably, in relation to the size of the propei'ties. were approved on the vendors agreeing to accept a reduction of the agreed prices. The first of these related to a 3-acre section in Ballancc street, on which the parties had agreed at £800: after the Crown valuation of £650 had been submitted. the vendor agreed to accent that figure. In the other instance an Oprffiki vendor accepted a reduction from £55 to £45 on the twice of a section in Goring street, of 24per. Applications approved without change in conditions of sale included the following: House. Church street, Opotiki, £1500; house, Harris street, Gisborne, . £1500; house, Te Karaka, with 2rd., £900: house. Stafford street, with 25per., £1250; section, Crawford road, lrd., £35: section. Wellington street, Opotiki, 2’jac., £450; section, Roebuck road. Gisborne, lac. 2rd. 22 per., £SO; house, Patutahi, with 2ac., £1150; section, Childers road. lrd. 2oer., £6O: section. Awapuni road, lrd., £3O: section. Anzac street. 30per., £55; business premises. Mill road, with 2rd. (lease). £1 per week for five years, plus rates and insurance, one right of renewal, no compensation.