HERNE BAY SECTIONS.

New Zealand Herald, Volume LXVII, Issue 20668, 13 September 1930, Page 9

HERNE BAY SECTIONS.

OLD TRAM BARN SITE.

LOTS OFFERED AT AUCTION.

RESERVES NOT REACHED

Although there was a good attendance of the public none of the 12 residential sections, comprising the Ponsonby tram barn site, Heme Bay, was sold when they were offered at auction on behalf of tho Auckland Transport Board yesterday. A warehouso in Hobson Street and a business site in Queen Street, Onehunga, were also passed in. The sale was conducted by Messrs. Palethorpo and Parkes, Mr. IT. G. Palethorpo being tho auctioneer.

The prices offered for sections on tho old tram barn site were, in all cases, lower than tho values placed on the properties by the vendors and, in some cases, substantially so. The highest bid made was one of £6OO for a section with a curved frontage of 104 feet in all, in a commanding position at the corner of Wallace Street and Jervois Road. Bidding was started at £SOO and raised, in £25 increases until the section was passed in at £6OO. Tho next best price offered was £450 for tho section at tho corner of Salisbury Street and Jervois Road. This lot, comprising 21.8 perches with a total frontage of 107 feet to the two streets, was started at £4OO. The section lowest down in Salisbury Street was passed in at £4lO, the next at £6 a foot (£276), and the next at £370. There were no bids for lot 4, which completed tho offering on that street. After offering the corner site at the Wallace Street side, tho auctioneer then sought bids for the choice of lots 7, 8, 9, or 10, fronting Jervois Road. Bidding started at £350, and tho sections were passed at £450. Bidding for the three-storey brick warehouse, with a frontage to both Lower Hobson Street and Fanshawe Street, commenced at £SOOO and had leached £6OOO when the property was passed. At the outset the auctioneer sought a of £IO,OOO. This • property was originally acquired by the Tramway Company to make possible an extension of the powerhouse, and passed on to the Transport Board through the City Council. The Onehunga site was a property once used by tho Royal Bus Company as a depot and was taken over by the board when that company's plant was absorbed. It has a frontage of 62 feet to Queen Street and a depth of 186 feet. An effort was made to start bidding at £6OO, but, no bids were" forthcoming.