ORAKEI GARDEN SUBURB.

New Zealand Herald, Volume LXV, Issue 19871, 15 February 1928, Page 9

ORAKEI GARDEN SUBURB.

SECTIONS TO BE QFFEREO* / ■■■ j I. FIRST AUCTION THIS EVENING. The first lot of sections in the Orakei Garden Subnrb will be offered ait auction in the Town Hall concert chamber this evening. Comprising 37 residential sites, . averaging over a quarter of on acre in area, the subdivision is situated on that Orakei Peninsula, which is bounded on the northern side by the new waterfront roadway and is within an easy distance of the proposed Orakei railway station.The subdivision' has been laid. out on modern town-planning principles* and generous provision has ' been made in the matter of recreations i reserves. Wattr and sewer drainage have been had on, and metalled roading provided. Regular access is at pretext along the Orakei Road, but motor, traffic Will be able to use the new waterfront- roadway during the progress, of construction work. With the completion of the read and railway the suburb will be brought , within a few/minutes of Queen Street The number of .inquiries made yesterday at tlie office of the sands Department indicates that the sale will attract considerable 1 attention from intending honjQ builders. The conditions of sale contain 9la\j§es •which. wjll .tend to eliminate speculation, as buyers on the deferred payment' system are limited to the -~" purchase- of two adjoining sections, to be used for residentiftl purposes only. Cash purchasers Will be- required to, deposit onet-fifth of f the. purchase 'the falb of ~ths> hammer remainder within'3o dayi Tinder the deterred payment, system,, 5; per cent; of tb».purchase money must" be paid-immediately, and the balance,, with interest at the rate of 5£ per cent. <,pey annum, qau. be paid by instalments extending over a* period ■ of 34A years, or can bo jepaid in full and » title to the -land obt«inad ai any time during-the currency of the agreement. The Lands Bopartmerit will f . u * ther: MJ&x: 0r block as the demand warrants. : FORCED UNDER These JOQO pairs of i ® 08tW ui«f h ,va nro Saturn new BeMon 8 a ctuaW selling all at once cost us much more firUaarWsraSP«fat a loss. PJeuly See our windows. But--dou t delay, beliq , || ? „ ranid.—James Adams and Co. <