Page 8 Advertisements Column 3

New Zealand Times, Volume LXXVII, Issue 5558, 8 April 1905, Page 8

ABSOLUTE SALE OF THE RICHEST HAIRY LAND NEAR THE CITY OF WELLINGTON. THE MUNGAEOA VALLEY ESTATE. NEARLY 1800 ACBES 01 DRAINED AND PARTLY RECLAIMED SWAMP. AN EXTRAORDINARY OPPORTUNITY FOR THE. INVESTOR AND SPECULATOR TOi MAKE A HUGE PROFIT. THE BEST AND MOST ASSURED SPECULATION OFFERED FOR SOME YEARS. IN THE EXCHANGE LAND MART, No. 81, Lambton quay, Wellington. On THURSDAY'. 27th APRIL. 1903. At 2.30 o’clock p.m. MACDONALD, WILSON AND CO. have been favoured with instructions to offer for sale by public auction, as above— THAT MAGNIFICENT BLOCK OP ONE THOUSAND SEVEN HUNDRED AND FIFTY-NINE .AND A HALF ACHES, being tlio Sections ■ 151 to 168 inclusive, part of Block 1, Rimutaka S.D., eons’sting of rich agricultural and dairying land, being drained and partly reclaimed swamp land, having a great depth of rich soil, The block is situated some 2J miles from tho Wallaceville Railway Station, and within 25 miles of the City of AVellington, which is reached by good, well-kept metalled roads. The demand for Small Dairy Farms close to the City of WelFngton cannot now be met. The old dairy farms of the Hutt and Taita have reused to exist, having all been subdivided for residential i purposes. Tho ’ great Block in the Valley of the Mungaroa now offered for sale by public i auction ;s, without exception, the richest and finest Eighteen Hundred Acres be- | tween. the City ,aud the best Bottom Lands of the AVairarapa. Several thousands of pounds sterling have been spent in draining operations, and a further expenditure of .£SOOO will complete the work and place on tho market Thirty to Forty Dairy Farms of noble country, which will sell like ripe cherries at from A2O to .£25 per acre.

The enormous value of the Makerua | Estate Swamp Lands was never recognised by its former owners—the Wellingtonton and Manawatu Railway Company, Limited. The Company imported, at great expense, 'the machinery for draini ing it, and then, like tlie draining machinery of the Panama Cana], it lay useless till it rusted away, the, lands also lying idle and unproductive for over 15 years. When a small syndicate purchased and took the work of development in hand, every one stood amazed at the , huge profit they made, and are still I making, the lauds, when drained, rising I from £2 10s per acre to .£25 per acre in value. Tho same state of things existed : in the great Larkworthy Estate Swamp near Foxton. Regarded, by its owners — the Assets Board—as of comparatively little value, the syndicate which purchas- ■ ed it has made a large fortune out of it. J In both these cases there was a want of faith amongst the managing owners, i who should have known better, with the result that in each case something like .£IOO,OOO was thrown info the pockets of a few cntorpwsing men. The owner of the Mungaroa Estate is unlike these other i owners. He knows the enormous value i of hie swamp property, tut cannot pro- | ceed further with its development, as his .available capital is exhausted. Hence ' the present sale. In this sale the investors who can put up .£SOOO have a real gold mine. In two years’ time they can get all their original outlay back and a bonus of .£30,000 from tho sales of the then completely drained lands. A small syndicate on the lines so successful in . the two cases cited will reap an equally rich result. The Auctioneers will be pleased to discuss the finance with intending buyers and arrange it satisfactorily with bona fide investors. For fuller details, apply to THE AUCTIONEERS, 722 At their Offices.

JPOB BALE, ISLAND BAY, A first-class Family Residence, fitted up with all modern conveniences, including gas, water, stable, coach-house, conservetory, and standing in two acres of grounds laid out and planted with choice shrubs and flowers, and well sheltered from the prevailing winds. Also, several first-class building sections. FOR SALEIn the centre of the city, first-class land, suitable for business premises, factory, op warehouses; a deposit of ten per cent.; balance at five per cent. Near Wordsworth Tram,’ 3 first-class building sites, with good view of city and harbour; would take good house property in exchange. CONSTABLE STREET— Close to Newtown Hotel, tine block of land, suitable for bus ness premises, si feet frontage, by a depth of 132; a real bargain. A large proportion of purchase money can remain for a term at 4} per cent. TO INVESTORS—Fine b*ock of house property, centrally situated, to be sold a bargain for cash. Apply, R. KEEFE, Manners st. (over Opera House Pharmacy). THOMPSON BROS., LTD. AUCTIONEERS. . FRUIT AND PRODUCE SALESMEN, Harris street. WELLINGTON. TS7E invite consignments ef Fruit, ’ ' Grain, and all Farm Produce. AUCTION SALES HELD DAILY,