PROPERTY SALES.

Lyttelton Times, Volume XCVII, Issue 11181, 1 February 1897, Page 2

PROPERTY SALES.

There was a very good attendance at Messrs Pyne and Co/s land salerooms on Saturday afternoon, when, under instructions from the liquidators, Mr Pyne offered for sale by auction a number of city and rural properties of the Colonial Bank. Mr W. L. Simpson was present to represent the liquidators. The first property offered was that recently occupied by Messrs It. W. Walters and Co.' with three shop? in brick, situated in Victoria Street, which was offered at the upset price of .£1250, at which it was passed in without eliciting a bid. The next lot offered was 3 roods and 24J perches, with two storey house in Madras Street south, which was also passed in at the upset price of .£9OO. Lot 3,2 acres 2 roods 27 perches in the Alford Forest Township, did not elicit a bid. Lot 4,2 acres 13 perches at Whiteoliff's, was started at .-20, at which it was knocked down to Mr L. F. Abraham. Lot 5, 1 acre 32 perches at New Brighton, was withdrawn at the upset price of .£SO. Lot 6,1 acre 1 rood 3 perches at New Brighton with house of fifteen rooms, was also withdrawn at the upset price of 21700. Twelve other suburban properties wore also offered without eliciting any competition. Mr Pyne afterwards sold privately a section of 3 roods and 15 perches on the Carlton Mill lioad, with five-roomed cottage, for .£3OO, to Mr F. Barlow, being -240 below the upset price; and 2 acres 2 roods and 27 perches in the Alford Forest township to Mr G. Payling for £l2. There was a very large attendance at Messrs Tonks, Norton and Co/s rooms when the interests of the mortgagee in a number of properties and life insurances were offered, as well as the city and suburban properties of Mr D. O’Brien. Mr Tonks first offered the interest of the mortgagee in Mr C. Klingeustein’s properties and life insurances in one lot. A bid of £I9OO was at once forthcoming, and as there was no advance the lot was knocked down to Mr H. 0. D. Meares at that price. Mr D. O’Brien’s properties wex*e then offered. The first lot put up w'as the building in Victoria Street, known as Trent’s Coffee Mills and Stores, in brick and corrugated iron, standing on 1 rood 8 perches of land. Bidding started at £SOO, and advanced by £25 bids to £650, at which the lot was withdrawn. Lot 2.—Two large brick shops and dwellings on the corner of Cashel Street and East Belt. The first bid was £IOOO, and £IOO bids took it up to £I3OO, at which it was passed in. Lot 3.—Two sections in Manchester Street, near the liailway Station, each 83ft by 100 ft. £3 per foot was the first offer, and the property was withdrawn at £8 10s. Lonsdale Lodge at Kiccarton was the next property offered, with the villa residence, brick training stables and six acres of land, for which there was no bid. The last lot put up was a farm of 76 acres at Yaldburst, with house and farmbuildings. Bidding started at £IOOO and soon ran up to £I9OO, at which price the lot was passed in.