Page 8 Advertisements Column 5

New Zealand Times, Volume LXXIV, Issue 4871, 24 January 1903, Page 8

AN IMPORTANT NOTICE TO MERCHANTS, MANUFACTURERS AND BUSINESS MEN GENERALLY. THE SUBDIVISION AND LEASE OF THE GRAINGER STREET BLOCK. ' THE DOCK ENDOWMENT. TWENTY-SEVEN BUILDING SECTIONS. A SPECIAL OPPORTUNITY TO ACQUIRE PERPETUAL LEASEHOLD BUSINESS PREMISES IN THE HEART OE THE CITY. 0;i THURSDAY, sth FEBRUARY'. 1303, At 2.30 o’clock p.m. Macdonald, wilson and co. are favoured with instructions from lbe Wellington U:\ibour Board to offer on the above Jute fur perpetual lease— The whole .of the Wellington Harbour Board’s Endowment of City Lands, to well well-known as the celebrated Grainger street and Courtenay place. Block. This magnificent property is situated, in the very core of the city, between Tory street (Extension) and Cambridge terrace, almost opposite the Te Aro Railway Station and the site of the new graving dock, having frontages to Courtenay place, Victoria street. Allen street, and Blair street. Each of those streets is not less than Chit wide, formed and m etallcd, with sidewalks flapped and kerbod except on one or two* short lengths ■which the Harbour Board guarantee ti» lay down and coni' plolo when buildings have been erected. The property is subdivided into twentyseven building sections having frontages to the streets named of from 3-ift to 70ft by depths ranging up to Soft. The great difficulty which row exists of securing vacant land in the heart of the city for business purposes has become a serious matter to many manufacturing and merchant firms. The rapid development cf the city means a larger ‘demand upon its for trade purposes, and this demand, with the limited quantity of land available, cannot bo fully satisfied. . f The purchase by the Harbour Board of the largo area now known us the Grainger street Block will therefore prove of enormous benefit to many commercial firms It enables permanent business quarters in an exceptionally valuable quarter of the city to bo acquired on perpetual least* without any expenditure of capital. The first period of lease will bo for twcnty-ouc years, and this by renewal every fourteen years is made perpetual, the leaseholder retaining for himself the full benefit of the total value of all buildings erected by him. A special advantage is conferred upon the leaseholder by allowing him to renew without compelling him to submit his lease to auction. The Auctioneers urge upon every commercial house and manufacturing firm in the city to inspect these sections.* Tt is anticipated that every section will be leased at flic auction sale, and those who miss the present opportunity of securing one or morn business sites of this character will within a brief period deeply regret ther hesitancy and delay.

Lithographic plans, copies of proposed lease, and full details of. the property may be obtained on application to the Wellington Harbour Hoard or to the Auctioneers at their ofiices. TO SPECULATORS, CAPITALISTS, AND OTHERS. FRIDAY, 33th JANUARY, 1303. ATTRACTIVE AUCTION SALE Of GENTLEMAN'S SUBURBAN RESIDENCE AND 13. - ACRES, ICiVP 0 (The Property of the late J. Eriend, Esq.) TyfESSRS lIARCOURT AND CO. are IvJL instructed to sell by public auction at their rooms, IS, Lunbton quay, on Friday, 30th January, 1803, at 2.30 pan.— All that piece or parcel of land_boing parts of Sections 37 and 33, Karon, comprising some ISJ acres in area, having a frontage to Hatton street, together with the residence erected thereon. This splendid property is situated in one of the best residential parts of Karori, and is.well sheltered from all winds. - The grounds are tastefully laid out, a largo portion as shrubbery and flower garden. The house contains twelve largo and lofty rooms, is well built, and in perfect conciitiom Karori is one of the most convenient of the suburbs of Wellington, as well as the healthiest and most picturesque. The property can bo reached by road in half an hour, and in twenty minutes by the cable tram. It is within a few minutes of the store and post ttSeo, from which the 'buses start. This charming residence, with its ample and picturesque grounds, is an idea! ruburban home for a gentleman. Situated as the property is in-a l.ealluy and beautiful spot, all the pleasures of a country life can be enjoyed within easy communication of the city. _ • The land is well adapted for cutting up into the most charming building sites. Land values have greatly increased in Karori during the last few years, and a substantial profit is assured the purchaser of this property. .£2OOO can remain on mortgage at 5 per cent. Full particulars can be obtained from lIARCOURT AND CO., 2C6 . Auctioneers. FRIDAY, 13th FEBRUARY. 1903, At 2.30 p.m. SALE BY AUCTION OF DREDGE, PUNT AND MACHINERY At present on the Claim of the Kangaroo Creek Gold Dredging Company, Ltd., ■ft/TTESSRS HARCOURT AND CO. are XvJL instructed, pursuant to an Order of the Supreme Court of New Zealand, Wellington District, to sell by public auction at their rooms. 48, Lampion qua\-, Wellington, on Friday, 13th February, 1303, at 2.30 p.m.— The Dredge, Punt and Machinery. now lyCdg and being on the Special Claim of the Kangaroo Creek, Grey River, Westland, as the same were lately in the possession of and used by the said Company and are now in charge and under the care of H. A. Wick, from whom all particulars can be obtained. For further particulars and conditions of sale apply to HARCOURT AND CO., Auctioneers: W. CABLE AND Of)., "Wellington; Or TRAVERS. RUSSELL AND CAMPBELL, 368 Solicitors, Wellington.