Page 8 Advertisements Column 1

New Zealand Times, Volume LXXIV, Issue 4881, 5 February 1903, Page 8

TO-DAY. AN IMPORTANT NOTICK TO MKUCHA NTS, MAN CI'ACTU RERS AND BUSINESS MKN GENERALLY. TOK SUBDIVISION AND LEASE Of THE GRAINGER STREET BLOCK. THE DOCJv ENDOWMENT. TWENTY-SEVEN BUILDING SECTIONS. A SPECIAL OPPORTUNITY TO AGUE! RE PERPETUAL LEASEHOLD BUSINESS PREMISES IN THE HEART Of THE CITY. TO-DAY (THURSDAY), PER. A UW3, At 3.30 o’clock p.m. MACDONALD, WILSON AND CO. arc favoured with instructions from tho Wellington Harbour Board to oiler On tlio above date for perpetual lease— The wholo of the Wellington Harbour Board’s Endowment of City Lauds, 1 so well well-kuowu ns tlio celebrated Grainger street uml Courtenay place Block. Tills magnificent property is situated in tlio very core of tlio city, between Tory street (Extension) and Cambridge terrace, almost opposite (.lie 'To Aro Railway Station and the site of tlio new graving dock, having frontages to Courtenay place. Victoria street, Allen street, and Blair street. Each of the-so streets is not less than Clift wide, formed and melalled, with sidewalks flagged and kerhed except on one or two short lengths which tlio Harbour Board guarantee to lay down and coniploto when buildings have been elected. The property is subdivided into twentyseven building sections having frontages to the streets named of from 31ft to 7Oft by depths ranging up to 83ft. The great difficulty which now exists of securing vacant land in tlio heart of the city for business purposes has become a serious matter to many manufacturing and merchant firms. Tlio rapid development of the city means n larger demand upon its space for trade purposes, and this demand, with the limited quantity of land available, cannot be fully satisfied.. The purchase by tho Harbour Board of tho largo area now known as the Grainger street Block will therefore prove of enormous benefit to many commercial firm* It enables permanent business quarters in an exceptionally valuable quarter of the city to bo acquired on perpetual lease without any expenditure of capital. The first period of lease will bo for twenty-one years, and this by renewal every fourteen years is made perpetual, the leaseholder retaining for himself thei full benefit of the total value of all buihk ings 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. Tho Auctioneers urge upon every commercial house and manufacturing firm in the city to inspect these sections. It is anticipated that every section will be leased at tlio auction sale, and those who miss the present opportunity of securing one or more 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 Board or to the Auctioneers at their offices.

ABSOLUTE SALE OF FREEHOLD BUSINESS PREMISES, PETONE. BY ORDER OF THE REGISTRAR OF THE SUPREME OOURT. IN THE EXCHANGE LAND AUCTION ROOMS. No. 84, La mb to a quay, Wellington. TO-DAY (THURSDAY), FEB. 5, 1903* At 2.30 o’clock p.m. Macdonald, wilson and co. aro favoured with instructions from the Registrar of the Supreme Court, Wellington, to sell by public auction- as above — That valuable freehold business block in the town of Petone. being part of subdivision la. No. 2 of section 2. Hutt District, and being the whole of the land comprised in certificate of title volumo 83, folio 236 of the Register Book of the District Land Registrar at Wellington, and also that piece of land situated in the District aforesaid, containing 7. perches, being section No. If of subdivision No. la of section 2, Hutt District, and being the whole of the land comprised in certificate of title, volume 88, folio fii of the Register Book aforesaid, with the valuable two-story shop, dwellinghouse. outbuildings, etc., erected thereon.

The property is one of the finest of the business blocks of Petone, and "Morrison's" has been known for years as an exceptional site for first-class business. The absolute unreserved character of the sale makes it an opportunity for .investment which should be eagerly availed of. Por conditions of sale, plans and further particulars apply to the Auctioneers at their offices, or to W. H. QUICK, ESQ.. Solicitor, 77 Peatherston street, Wellington. IN THE EXCHANGE LAND AUCTION ROOMS, No. 8-t, Lambton quay. ABSOLUTE SALE OP VALUABLE COTTAGE PROPERTY, MARTIN SQUARE. By Order of the Public Trustee in tho Estate of tho late Charles Barbour. TO-DAY (THURSDAY), FEB. 5, 1003, At 2.30 o'clock. Macdonald, wilson and co. are favoured with instructions from J. W. Poynton. Esq.. Public Trustee, to sell by public auction as above— That- valuable property part of Town Acre 229. having a frontage of 41ft to Martin square by a depth of 70ft. with the comfortable and wellbuilt cottage erected thereon, containing five rooms, bathroom (all on one floor), also washhouse, etc. The house is a comparatively new one. most faithfully built, is. connected with the new drainage system, and will bo found in first-class order. Title. Land Transfer.